2200 S Ocean Ln Unit 1501-2
Fort Lauderdale, FL 33316 · condos · For Sale · 411 days on market
Asking price$1,995,000
4 beds 4 baths 3,644 sqft
Suggested offer$1,912,918$82,082 above the est. market value of $1,912,918.
View on Realtor.com →Listed by Brian Hero · ONE Sotheby's International Realty
Typecondos
Built1971
Price / sqft$547
Est. value (own analysis)$1,912,918
Rent estimate (Zillow ZIP avg)$2,500/mo
HOA$3,999/mo
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Statusfor_sale
Listed date2025-07-18
Removed date—
MLSMiamiMLS #A11831983
Coordinates26.09597, -80.10691
Address2200 S Ocean Ln Unit 1501-2
CityFort Lauderdale
StateFL
Zip33316
Listing ID5424985889
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33316)
Median sale price$900,000
Median days on market (sale)121
Active sale listings368
Median rent$2,500/mo
Median days on market (rent)34
Active rental listings281
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33316 (≥6 of 50 per our log)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,995,000 |
| Down payment (20.0%) | $399,000 |
| Loan amount | $1,596,000 |
| Closing costs (5.0%) | $99,750 |
| Total cash to close | $498,750 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,500$30,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,300$27,600 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,159$37,905 |
| Insurance (placeholder 0.8% of price) | $1,330$15,960 |
| HOA dues | $3,999$47,988 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,500 |
| Total operating expenses | $8,613$103,353 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $125$1,500 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
No active rental listings cached yet for this bedroom count.
Widened to any bedroom count in ZIP. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 1475 SE 15th St Apt 314 | condos | 1 | 1 | 570 | $195,000 | 2026-09-01 |
| 2420 SE 17th St Unit 207C | condos | 2 | 2 | 900 | $175,000 | 2026-08-28 |
| 2200 S Ocean Ln Apt 1405 | condos | 2 | 3 | 2,170 | $1,470,500 | 2026-08-25 |
| 2200 S Ocean Ln Apt 2103 | condos | 2 | 2 | 1,258 | $930,000 | 2026-08-18 |
| 1578 S Ocean Ln Apt 214 | condos | 2 | 2 | 1,264 | $910,000 | 2026-08-06 |
| 1819 SE 17th St Apt 1008 | condos | 2 | 3 | 1,565 | $725,000 | 2026-08-05 |
| 2000 S Ocean Dr Apt 706 | condos | 2 | 2 | 1,688 | $633,000 | 2026-07-30 |
| 1625 SE 10th Ave Apt 405 | condos | 1 | 1 | 870 | $145,000 | 2026-07-30 |
| 1 Las Olas Cir Apt 905 | condos | 2 | 2 | 1,200 | $650,000 | 2026-07-30 |
| 545 S Fort Lauderdale Beach Blvd Unit 701-702 | condos | 3 | 4 | 2,150 | $1,575,000 | 2026-07-27 |
| 1 Las Olas Cir Apt 404 | condos | 2 | 2 | 1,500 | $870,000 | 2026-07-24 |
| 1 Las Olas Cir Apt 610 | condos | 2 | 2 | 1,500 | $885,000 | 2026-07-22 |
| 1532 SE 12th St Apt 302 | condos | 3 | 4 | 3,522 | $2,300,000 | 2026-07-21 |
| 1500 SE 15th St Apt 315 | condos | 2 | 2 | 940 | $210,000 | 2026-07-20 |
| 101 S Fort Lauderdale Beach Blvd Apt 707 | condos | 2 | 2 | 1,905 | $1,000,000 | 2026-07-17 |
| 1819 SE 17th St Apt 710 | condos | 2 | 3 | 1,440 | $510,000 | 2026-07-16 |
| 200 S Birch Rd Apt 407 | condos | 1 | 1 | 647 | $240,000 | 2026-07-08 |
| 2200 S Ocean Ln Apt 1902 | condos | 2 | 2 | 2,003 | $1,051,500 | 2026-07-07 |
| 1405 Miami Rd Apt 23 | condos | 1 | 1 | 609 | $175,000 | 2026-06-26 |
| 905 SE 12th Ct Apt 15 | condos | 2 | 3 | 1,430 | $415,000 | 2026-06-26 |
| 100 S Birch Rd Unit 1504E | condos | 3 | 2 | 1,934 | $1,000,000 | 2026-06-25 |
| 1900 S Ocean Dr Apt 408 | condos | 0 | 1 | 532 | $112,500 | 2026-06-23 |
| 2200 S Ocean Ln Apt 905 | condos | 2 | 2 | 2,170 | $1,650,000 | 2026-06-22 |
| 2000 S Ocean Ln Apt 202 | condos | 3 | 2 | 1,550 | $855,000 | 2026-06-18 |
| 101 S Fort Lauderdale Beach Blvd Apt 2004 | condos | 3 | 3 | 2,380 | $2,100,000 | 2026-06-08 |
| 1440 SE 10th Ave Unit 1A | condos | 1 | 1 | 600 | $155,000 | 2026-06-05 |
| 100 S Birch Rd Apt 803 | condos | 2 | 2 | 1,722 | $1,005,000 | 2026-06-04 |
| 17 Port Side Dr Unit 17A | condos | 3 | 3 | 2,813 | $2,100,000 | 2026-06-01 |
| 101 S Fort Lauderdale Beach Blvd Apt 1707 | condos | 2 | 2 | 1,905 | $1,735,000 | 2026-06-01 |
| 101 S Fort Lauderdale Beach Blvd Apt 1406 | condos | 2 | 2 | 1,905 | $1,400,000 | 2026-05-29 |
| 200 S Birch Rd Apt 908 | condos | 2 | 1 | 756 | $329,000 | 2026-05-29 |
| 2100 S Ocean Ln Apt 709 | condos | 2 | 2 | 1,513 | $790,000 | 2026-05-28 |
| 2430 SE 17th St Apt G | condos | 2 | 2 | 1,170 | $249,900 | 2026-05-27 |
| 1900 S Ocean Dr Apt 210 | condos | 1 | 1 | 805 | $181,000 | 2026-05-20 |
| 2100 S Ocean Ln Apt 1109 | condos | 2 | 2 | 1,513 | $840,000 | 2026-05-12 |
| 101 S Fort Lauderdale Beach Blvd Apt 2402 | condos | 3 | 3 | 2,380 | $2,220,000 | 2026-05-07 |
| 3000 Holiday Dr Apt 1602 | condos | 1 | 2 | 1,244 | $440,000 | 2026-05-05 |
| 1532 SE 12th St Ph 1 | condos | 3 | 4 | 2,360 | $2,125,000 | 2026-05-01 |
| 2221 SE 17th St Unit 804 | condos | 3 | 4 | 2,837 | $5,500,000 | 2026-05-01 |
| 2100 S Ocean Ln Apt 1707 | condos | 2 | 2 | 2,116 | $1,400,000 | 2026-05-01 |
| 2100 S Ocean Ln Unit 1801-2 | condos | 3 | 4 | 3,176 | $1,200,000 | 2026-04-30 |
| 2200 S Ocean Ln Unit 2609/2610 | condos | 4 | 4 | 3,644 | $4,000,000 | 2026-04-29 |
| 2100 S Ocean Ln Apt 1701 | condos | 1 | 2 | 1,278 | $625,000 | 2026-04-23 |
| 1819 SE 17th St Apt 906 | condos | 2 | 3 | 1,750 | $775,000 | 2026-04-23 |
| 2100 S Ocean Dr Apt 11J | condos | 1 | 1 | 900 | $402,500 | 2026-04-23 |
| 101 S Fort Lauderdale Beach Blvd Apt 1201 | condos | 3 | 4 | 2,950 | $2,800,000 | 2026-04-21 |
| 2100 S Ocean Dr Apt 15A | condos | 2 | 2 | 1,510 | $660,000 | 2026-04-17 |
| 2100 S Ocean Ln Apt 2306 | condos | 3 | 3 | 2,491 | $1,950,000 | 2026-04-15 |
| 2100 S Ocean Ln Apt 1009 | condos | 2 | 2 | 1,513 | $845,000 | 2026-04-10 |
| 1920 S Ocean Dr Apt 510 | condos | 2 | 2 | 1,036 | $299,000 | 2026-04-07 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1700 Marietta Dr | single_family | 4 | 3 | 2,070 | $2,699,500 | — |
| 1001 SE 10th St | single_family | 4 | 3 | 2,518 | $2,245,000 | — |
| 1322 Cordova Rd | single_family | 4 | 3 | 1,762 | $2,650,000 | — |
| 1518 E Lake Dr | single_family | 4 | 5 | 3,781 | $3,995,000 | — |
| 2100 S Ocean Ln Unit 101-102 | condos | 4 | 4 | 3,003 | $1,299,000 | — |
| 1313 Seabreeze Blvd Unit B | single_family | 4 | 3 | 2,623 | $1,850,000 | — |
| 801 Seabreeze Blvd Ph 2406 | condos | 4 | 5 | 4,982 | $22,000,000 | — |
| 1630 SE 11th St | single_family | 4 | 4 | 2,545 | $3,750,000 | — |
10-year hold projection
IRR-16.3%
Equity multiple-1.86x
Total return (10yr)-$1,165,364
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,054,850 | -$75,753 | -$200,329 | $1,578,696 | $476,154 |
| 2 | $2,116,496 | -$77,509 | -$202,122 | $1,560,203 | $556,292 |
| 3 | $2,179,990 | -$79,304 | -$203,956 | $1,540,441 | $639,550 |
| 4 | $2,245,390 | -$81,141 | -$205,832 | $1,519,321 | $726,069 |
| 5 | $2,312,752 | -$83,018 | -$207,750 | $1,496,751 | $816,000 |
| 6 | $2,382,134 | -$84,938 | -$209,712 | $1,472,632 | $909,503 |
| 7 | $2,453,598 | -$86,902 | -$211,717 | $1,446,856 | $1,006,743 |
| 8 | $2,527,206 | -$88,910 | -$213,769 | $1,419,309 | $1,107,897 |
| 9 | $2,603,023 | -$90,963 | -$215,866 | $1,389,872 | $1,213,151 |
| 10 | $2,681,113 | -$93,062 | -$218,011 | $1,358,412 | $1,322,701 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.