2542 Lucille Dr
Fort Lauderdale, FL 33316 · single_family · For Sale · 13 days on market
Asking price$8,850,000
6 beds 8 baths — sqft
Suggested offer$3,625,000$5,225,000 above the est. market value of $3,625,000.
View on Realtor.com →Listed by James Morlock · Fidelity Real Estate Llc
Typesingle_family
Built2027
Price / sqft—
Est. value (own analysis)$3,625,000
Rent estimate (Zillow ZIP avg)$2,500/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-20
Removed date—
MLSBeachesMLS #B26066501
Coordinates26.10457, -80.11565
Address2542 Lucille Dr
CityFort Lauderdale
StateFL
Zip33316
Listing ID6188863179
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 | $8,850,000 |
| Down payment (20.0%) | $1,770,000 |
| Loan amount | $7,080,000 |
| Closing costs (5.0%) | $442,500 |
| Total cash to close | $2,212,500 |
| 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) | $14,013$168,150 |
| Insurance (est. scaled by flood & wind risk) | $8,850$106,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,500 |
| Total operating expenses | $22,988$275,850 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 7 | 4,711 | $32,000 | 2026-04-30 | — | |
| single_family | 6 | 7 | 7,167 | $35,000 | 2026-03-11 | — |
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 |
|---|---|---|---|---|---|---|
| 2520 Laguna Ter | single_family | 6 | 7 | 6,180 | $3,600,000 | 2026-06-26 |
| 1401 S Ocean Dr | single_family | 6 | 4 | 4,536 | $3,500,000 | 2026-05-14 |
| 1524 SE 13th St | single_family | 6 | 7 | — | $3,650,000 | 2026-04-22 |
| 84 Isla Bahia Dr | single_family | 6 | 9 | 11,714 | $34,000,000 | 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 |
|---|---|---|---|---|---|---|
| 8 Isla Bahia Dr | single_family | 6 | 9 | 8,690 | $24,500,000 | — |
| 1 Isla Bahia Dr | single_family | 6 | 13 | 14,000 | $35,900,000 | — |
| 23 Isla Bahia Dr | single_family | 6 | 9 | 9,135 | $24,900,000 | — |
| 2519 Lucille Dr | single_family | 6 | 8 | 6,954 | $14,495,000 | — |
| 1117 SE 9th St | single_family | 6 | 4 | 4,487 | $3,699,000 | — |
| 2560 Del Lago Dr | single_family | 6 | 9 | 8,725 | $29,995,000 | — |
| 1965 SE 21st Ave | single_family | 6 | 7 | 5,565 | $6,950,000 | — |
| 1607 SE 14th St | single_family | 6 | 7 | 5,781 | $8,650,000 | — |
10-year hold projection
IRR-13.9%
Equity multiple-1.40x
Total return (10yr)-$4,152,996
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $9,115,500 | -$248,250 | -$795,726 | $7,003,237 | $2,112,263 |
| 2 | $9,388,965 | -$254,318 | -$801,832 | $6,921,203 | $2,467,762 |
| 3 | $9,670,634 | -$260,534 | -$808,086 | $6,833,535 | $2,837,099 |
| 4 | $9,960,753 | -$266,901 | -$814,492 | $6,739,847 | $3,220,906 |
| 5 | $10,259,576 | -$273,423 | -$821,054 | $6,639,725 | $3,619,850 |
| 6 | $10,567,363 | -$280,103 | -$827,776 | $6,532,728 | $4,034,635 |
| 7 | $10,884,384 | -$286,946 | -$834,661 | $6,418,383 | $4,466,000 |
| 8 | $11,210,915 | -$293,954 | -$841,713 | $6,296,187 | $4,914,729 |
| 9 | $11,547,243 | -$301,134 | -$848,937 | $6,165,598 | $5,381,644 |
| 10 | $11,893,660 | -$308,487 | -$856,336 | $6,026,042 | $5,867,618 |
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.