Harbour Beach Residences
Closed1790 SE 23rd Ave & 2323 SE 18th St, Fort Lauderdale, FL 33316
Property type
Multifamily
Unit / Space count
25
Price
$7,150,000
Building size
16,833 sf
Rentable area
16,833 SF
Year built
1963
Year renovated
Occupancy
Zoning code
Lot size
0.76 Acres
Sold/status
Sold · Date unknown
Sale price
$7150000
Bedroom count
CAP
8.68%
Property description
Harbour Beach Residences offers a rare opportunity to acquire a 16,833 SF, 25-unit multifamily asset in one of Fort Lauderdale’s most coveted coastal neighborhoods. Built in 1963 and set within RS-8 low-density residential zoning, the property combines classic South Florida charm with strong investment fundamentals. Its two-parcel layout, lush landscaping, and quiet residential surroundings create an attractive, boutique-style environment ideal for long-term value and resident appeal. The property’s prime location near the beach, Port Everglades, and major tourist corridors makes it especially well-suited for short-term rental strategies such as Airbnb and vacation rentals. Consistent visitor demand, strong ADRs, and the area’s upscale, walkable setting offer significant potential for operators seeking to build a high-performing furnished rental portfolio. Just minutes from Fort Lauderdale Beach, the 17th Street Causeway dining and retail district, the International Airport, and premier marinas, Harbour Beach Residences delivers the rare combination of location, flexibility, and long-term appreciation. This unique coastal investment stands out as a compelling opportunity for multifamily and short-term rental operators alike.
Property highlights
- Rare Opportunity to Acquire Fully Renovated Multifamily Asset in the Prestigious Harbour Inlet Neighborhood of Fort Lauderdale
- Property Operates as Both Traditional Rentals & Short-Term Rentals, with Professional 3rd Party Management, Fully Licensed to Do Both
- Attractive Unit Mix – (1) Studio (Non-Conforming), (18) 1 Bed 1 Bath, (4) 1 Bed 2 Bath & (2) Large 2 Bed 2 Bath – 7 Units Operate Short Term
- Recent Capital Improvements Include New Roofs on Both Buildings, New Impact Windows, Parking Resurface, AC Replacements, New Exterior Paint, New AC Units & Interior Electrical Panel Replacements. 50 Year Recertification has Been Completed
- Interior Improvements Include New Luxury Vinyl & Tile Flooring, New Stainless-Steel Appliances, Modernized Kitchens & Bathrooms with Premium Cabinetry, Countertops, & Vanities
- Amenities Include In-Unit Washer/Dryers & Common Laundry, Full Sized Pool, Central Air-Conditioning Throughout, Ample Parking for Residents and Guests, Direct Beachfront Access
- Highly Reviewed Airbnb Property with Numerous Amenities Such as Fully Equipped Kitchens & Baths, High-End Furniture, Large Private Balconies, Free Xfinity and Streaming Services, Access to Beach Essentials, and More
- Property is Surrounded by Major Class A Development (Residential, Hotel and Retail)
- Lucrative Harbour Inlet Location, Walking Distance to Fort Lauderdale Beach and Close Proximity to Downton featuring World Class Restaurants, Retailers, Nightlife, Recreation, And More
- Located Just South of SE 17th St Providing Easy Access to Anywhere Along the Fort Lauderdale Beaches and Downtown Fort Lauderdale and Abroad Via US-1 To I-95 And Florida's Turnpike