1315 NE 5th Ter, Fort Lauderdale, FL, 33304 | $925,000

Timeless architecture meets modern South Florida living in this beautifully updated Craftsman-style residence, ideally located in the heart of Fort Lauderdale. Comprised of a main residence and separate guest quarters, both thoughtfully updated, this property seamlessly blends character with contemporary enhancements, including a 2022 roof, new AC, refinished pool, EV charger, and a fully renovated guest house. The 3-bedroom, 2-bath main home features crisp white wood cabinetry, granite kitchen countertops & SS appliances, and an expansive primary suite that opens up directly to the stunning backyard. The guest house offers a spacious living area, private kitchenette, separate bedroom, and full bath, ideal for guests or added versatility. Framed by towering palms, the tranquil pool area sets a true tropical backdrop. Just minutes from the beach and moments from Las Olas Boulevard, with its renowned dining, shopping, and nightlife, this property also presents strong income potential with proven short-term rental performance, making it an exceptional opportunity for investors or the perfect end-user residence. Convenient access to major highways and nearby airports completes the offering.

Features

  • Bedrooms: 4
  • Baths: 3 full
  • Style: One Story
  • Year Built: 1959
  • Garage: Driveway,Other,Parking Pad
  • Heating: Central
  • Cooling: Ceiling Fan(s)
  • Approx Sq. Feet: 1,780
  • Est. Taxes: $11,733
  • Lot Desc: Other,Sprinkler System,< 1/4 Acre
  • View: Garden,Pool
  • Elem. School: North Side
  • Middle School: Sunrise
  • High School: Fort Lauderdale
  • Appliances: Dryer,Dishwasher,Electric Range,Disposal,Microwave,Refrigerator,Washer
  • MLS#: A12010841
  • Days on Market: 23 days
  • Website: https://www.raveis.com
    /prop/A12010841/1315ne5thter_fortlauderdale_fl?source=qrflyer
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Listing courtesy of Compass Florida, LLC   Phone: 954-477-7332

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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1315 NE 5th Ter, Fort Lauderdale, FL, 33304

$925,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $740,000 $740,000 $740,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.350% 6.361% 6.203%
Monthly Tax Payment $978 $978 $978
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,437 $4,556 $6,245
Total Monthly Payment $5,507 $5,626 $7,315

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.