1900 S Ocean Dr Apt 1504
Fort Lauderdale, FL 33316 · condos · For Sale · 142 days on market
Asking price$325,000
1 beds 1 baths 805 sqft
Suggested offer$270,473$54,527 above the est. market value of $270,473.
View on Realtor.com →Listed by Olivia Suzanne Fontana · Douglas Elliman
Typecondos
Built1962
Price / sqft$404
Est. value (own analysis)$270,473
Rent estimate (own analysis)$2,113/mo
HOA$1,271/mo
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Show every detail
Statusfor_sale
Listed date2026-04-13
Removed date—
MLSBeachesMLS #B26014676
Coordinates26.09801, -80.10863
Address1900 S Ocean Dr Apt 1504
CityFort Lauderdale
StateFL
Zip33316
Listing ID5714877656
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 | $325,000 |
| Down payment (20.0%) | $65,000 |
| Loan amount | $260,000 |
| Closing costs (5.0%) | $16,250 |
| Total cash to close | $81,250 |
| Income | |
| Rent (comp-derived) | $2,113$25,350 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,944$23,322 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $515$6,175 |
| Insurance (placeholder 0.8% of price) | $217$2,600 |
| HOA dues | $1,271$15,252 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $106$1,268 |
| Total operating expenses | $2,108$25,295 |
| 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) | $106$1,268 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 740 | $2,125 | 2026-02-10 | — | |
| apartment | 1 | 1 | 597 | $2,300 | 2026-02-06 | — | |
| apartment | 1 | 1 | 600 | $1,600 | 2026-05-06 | — | |
| apartment | 1 | 1 | 850 | $2,350 | 2026-04-17 | — | |
| apartment | 1 | 1 | 853 | $2,302 | 2024-04-12 | — | |
| apartment | 1 | 1 | 745 | $1,995 | 2024-02-06 | — | |
| condos | 1 | 1 | 660 | $1,900 | 2026-06-09 | — | |
| apartment | 1 | 1 | 600 | $1,580 | 2026-03-11 | — | |
| condos | 1 | 1 | 647 | $1,800 | 2026-08-15 | — | |
| apartment | 1 | 1 | 700 | $1,450 | 2026-07-23 | — | |
| apartment | 1 | 1 | 650 | $1,350 | 2026-06-09 | — | |
| condos | 1 | 1 | 900 | $2,500 | 2026-08-13 | — | |
| condos | 1 | 1 | 685 | $1,850 | 2026-08-26 | — | |
| apartment | 1 | 1 | 647 | $1,900 | 2026-04-03 | — | |
| condos | 1 | 1 | 530 | $1,655 | 2026-08-25 | — | |
| condos | 1 | 1 | 580 | $1,650 | 2026-04-15 | — | |
| condos | 1 | 1 | 660 | $1,950 | 2026-08-25 | — | |
| apartment | 1 | 1 | 600 | $2,000 | 2026-06-25 | — | |
| condos | 1 | 1 | 565 | $1,750 | 2026-04-23 | — | |
| apartment | 1 | 1 | 625 | $1,580 | 2026-07-14 | — | |
| condos | 1 | 1 | 900 | $3,250 | 2026-07-24 | — | |
| apartment | 1 | 1 | 750 | $1,700 | 2026-08-17 | — | |
| condos | 1 | 1 | 570 | $1,600 | 2026-08-11 | — | |
| condos | 1 | 2 | 840 | $2,500 | 2026-08-10 | — | |
| apartment | 1 | 1 | 750 | $1,700 | 2026-08-17 | — | |
| apartment | 1 | 1 | 650 | $2,100 | 2026-04-16 | — | |
| condos | 1 | 1 | 670 | $2,000 | 2026-07-22 | — | |
| condos | 1 | 1 | 580 | $1,850 | 2026-04-04 | — | |
| apartment | 1 | 1 | 550 | $1,700 | 2026-07-13 | — | |
| condos | 1 | 1 | 570 | $1,590 | 2025-12-19 | — | |
| condos | 1 | 1 | 685 | $2,000 | 2026-08-03 | — | |
| condos | 1 | 2 | 814 | $1,950 | 2026-05-20 | — | |
| condos | 1 | 1 | 600 | $1,850 | 2026-08-03 | — | |
| apartment | 1 | 1 | 700 | $1,700 | 2026-08-17 | — | |
| apartment | 1 | 1 | 560 | $1,600 | 2026-08-05 | — | |
| condos | 1 | 1 | 622 | $1,800 | 2026-06-17 | — | |
| condos | 1 | 1 | 724 | $2,375 | 2026-04-11 | — | |
| condos | 1 | 1 | 620 | $2,100 | 2026-08-05 | — | |
| apartment | 1 | 1 | 650 | $1,650 | 2026-03-11 | — | |
| condos | 1 | 1 | 704 | $2,200 | 2026-08-04 | — | |
| condos | 1 | 1 | 704 | $2,400 | 2026-08-01 | — | |
| condos | 1 | 1 | 700 | $3,100 | 2025-11-28 | — | |
| condos | 1 | 1 | 700 | $3,500 | 2025-08-06 | — | |
| apartment | 1 | 1 | 716 | $2,050 | 2026-07-31 | — | |
| condos | 1 | 1 | 575 | $2,300 | 2026-03-31 | — | |
| condos | 1 | 1 | 870 | $1,795 | 2026-07-25 | — | |
| condos | 1 | 1 | 678 | $1,850 | — | — | |
| apartment | 1 | 1 | 525 | $1,500 | 2026-07-27 | — | |
| apartment | 1 | 1 | 610 | $1,749 | — | — | |
| apartment | 1 | 1 | 675 | $1,750 | 2026-07-09 | — | |
| apartment | 1 | 1 | 570 | $1,750 | 2024-04-15 | — | |
| apartment | 1 | 1 | 597 | $2,225 | — | — | |
| apartment | 1 | 1 | 764 | $2,473 | — | — | |
| apartment | 1 | 1 | 762 | $2,286 | — | — | |
| apartment | 1 | 1 | 597 | $2,300 | — | — | |
| apartment | 1 | 1 | 1,013 | $3,290 | — | — | |
| apartment | 1 | 1 | 764 | $2,273 | — | — | |
| apartment | 1 | 1 | 890 | $2,472 | — | — | |
| apartment | 1 | 1 | 1,013 | $3,205 | — | — | |
| apartment | 1 | 1 | 764 | $2,683 | — | — | |
| apartment | 1 | 1 | 764 | $2,693 | — | — | |
| apartment | 1 | 1 | 853 | $2,271 | — | — | |
| apartment | 1 | 1 | 856 | $2,437 | — | — | |
| apartment | 1 | 1 | 597 | $2,325 | — | — | |
| apartment | 1 | 1 | 597 | $2,300 | — | — | |
| apartment | 1 | 1 | 764 | $2,368 | — | — | |
| apartment | 1 | 1 | 853 | $2,261 | — | — | |
| apartment | 1 | 1 | 597 | $2,300 | — | — | |
| apartment | 1 | 1 | 853 | $2,480 | — | — | |
| apartment | 1 | 1 | 597 | $2,300 | — | — | |
| apartment | 1 | 1 | 890 | $2,293 | — | — | |
| apartment | 1 | 1 | 853 | $2,415 | — | — | |
| apartment | 1 | 1 | 597 | $2,300 | — | — | |
| apartment | 1 | 1 | 890 | $2,378 | — | — | |
| apartment | 1 | 1 | 764 | $2,703 | — | — | |
| apartment | 1 | 1 | 770 | $2,798 | — | — |
Same ZIP & bedroom count. 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 |
| 1625 SE 10th Ave Apt 405 | condos | 1 | 1 | 870 | $145,000 | 2026-07-30 |
| 200 S Birch Rd Apt 407 | condos | 1 | 1 | 647 | $240,000 | 2026-07-08 |
| 1405 Miami Rd Apt 23 | condos | 1 | 1 | 609 | $175,000 | 2026-06-26 |
| 1440 SE 10th Ave Unit 1A | condos | 1 | 1 | 600 | $155,000 | 2026-06-05 |
| 1900 S Ocean Dr Apt 210 | condos | 1 | 1 | 805 | $181,000 | 2026-05-20 |
| 3000 Holiday Dr Apt 1602 | condos | 1 | 2 | 1,244 | $440,000 | 2026-05-05 |
| 2100 S Ocean Ln Apt 1701 | condos | 1 | 2 | 1,278 | $625,000 | 2026-04-23 |
| 2100 S Ocean Dr Apt 11J | condos | 1 | 1 | 900 | $402,500 | 2026-04-23 |
| 2100 S Ocean Ln Apt 604 | condos | 1 | 2 | 1,109 | $600,000 | 2026-04-03 |
| 2900 Banyan St Apt 207 | condos | 1 | 1 | 690 | $270,000 | 2026-03-19 |
| 2107 SE 10th Ave Apt 831 | condos | 1 | 1 | 878 | $295,000 | 2026-03-18 |
| 1700 SE 15th St Apt 304 | condos | 1 | 1 | 900 | $170,000 | 2026-03-16 |
| 1750 S Ocean Ln Apt 208 | condos | 1 | 1 | 1,032 | $607,500 | 2026-03-10 |
| 1535 SE 15th St Apt 109 | condos | 1 | 1 | 620 | $305,000 | 2026-02-27 |
| 200 S Birch Rd Apt 802 | condos | 1 | 1 | 647 | $230,000 | 2026-02-18 |
| 2107 SE 10th Ave Apt 806 | condos | 1 | 1 | 878 | $324,000 | 2026-02-18 |
| 2426 SE 17th St Unit 207A | condos | 1 | 1 | 685 | $180,000 | 2026-02-18 |
| 1625 SE 10th Ave Apt 606 | condos | 1 | 1 | 870 | $227,000 | 2026-02-09 |
| 1900 S Ocean Dr Apt 406 | condos | 1 | 1 | 750 | $229,000 | 2026-02-09 |
| 1475 SE 15th St Apt 311 | condos | 1 | 1 | 570 | $200,000 | 2026-01-15 |
| 1819 SE 17th St Apt 1501 | condos | 1 | 2 | 1,384 | $503,500 | 2025-12-18 |
| 2424 SE 17th Cswy Unit 207B | condos | 1 | 1 | 685 | $150,000 | 2025-12-12 |
| 1900 S Ocean Dr Apt 1106 | condos | 1 | 1 | 750 | $250,000 | 2025-12-10 |
| 1900 S Ocean Dr Apt 105 | condos | 1 | 1 | 805 | $186,000 | 2025-12-09 |
| 1731 SE 15th St Apt 209 | condos | 1 | 1 | 704 | $220,000 | 2025-10-31 |
| 2015 SE 10th Ave Apt 106 | condos | 1 | 1 | 794 | $244,000 | 2025-10-22 |
| 3000 Holiday Dr Apt 1102 | condos | 1 | 2 | 1,179 | $431,000 | 2025-09-29 |
| 1920 S Ocean Dr Apt 604 | condos | 1 | 1 | 805 | $190,000 | 2025-09-24 |
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 |
|---|---|---|---|---|---|---|
| 1535 SE 15th St Apt 304 | condos | 1 | 1 | 688 | $229,900 | — |
| 1115 SE 14th Pl Apt 19C | condos | 1 | 1 | 600 | $135,000 | — |
| 1850 S Ocean Dr Apt 213 | condos | 1 | 1 | 640 | $220,000 | — |
| 1900 S Ocean Dr Apt 604 | condos | 1 | 1 | 805 | $174,000 | — |
| 1405 Miami Rd Apt 29 | condos | 1 | 1 | 633 | $215,000 | — |
| 1510 SE 15th St Apt 302 | condos | 1 | 1 | 670 | $179,999 | — |
| 200 S Birch Rd Apt 612 | condos | 1 | 1 | 647 | $190,000 | — |
| 1900 S Ocean Dr Apt 710 | condos | 1 | 1 | 805 | $270,000 | — |
10-year hold projection
IRR-8.9%
Equity multiple-0.51x
Total return (10yr)-$80,246
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $334,750 | -$1,973 | -$23,290 | $257,181 | $77,569 |
| 2 | $344,793 | -$1,905 | -$23,254 | $254,168 | $90,624 |
| 3 | $355,136 | -$1,833 | -$23,214 | $250,949 | $104,187 |
| 4 | $365,790 | -$1,755 | -$23,170 | $247,508 | $118,282 |
| 5 | $376,764 | -$1,671 | -$23,120 | $243,832 | $132,932 |
| 6 | $388,067 | -$1,582 | -$23,066 | $239,902 | $148,165 |
| 7 | $399,709 | -$1,486 | -$23,006 | $235,703 | $164,006 |
| 8 | $411,700 | -$1,384 | -$22,941 | $231,216 | $180,484 |
| 9 | $424,051 | -$1,275 | -$22,870 | $226,420 | $197,631 |
| 10 | $436,773 | -$1,159 | -$22,792 | $221,295 | $215,478 |
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.