505 SE 16th St
Fort Lauderdale, FL, 33316
$
6,000,000
Bedrooms5
Baths0.0
Sq
6,869
Monthly Estimate*
$
37,885
for $6,000,000 with 5 bedrooms. This 6,869 square foot home was built in 1960 on a lot size of 0.492.
THE LAUDERDALE BOUTIQUE HOTEL | 17-Unit Turn-Key Investment | $6,000,000. Fully upgraded boutique hotel at SE 16th St, Fort Lauderdale — 17 designer units across three contiguous lots (21,450 SF) with RO zoning allowing 5-story development. FINANCIALS: Revenue $830K, $372K NOI (44.6% margin) third-party managed or $461K NOI (7.7% cap) owner-operated. Stabilized 80%+ occupancy, $159 ADR. $600K+ in capital improvements (2023) including smart locks, fiber Wi-Fi, 55" casting TVs. TECH-DRIVEN OPERATIONS: Fully automated — no front desk or full-time staff required. Guesty PMS, PricePoint dynamic pricing (+12% RevPAR), Conduit AI (90% inquiry resolution, support costs cut from $4K to $600/mo), SiteMinder distribution. Entire operation manageable remotely. ROOM MIX: 5 Queen Studios, 4 King Studios, 5 Junior Suites, 3 Two-Bedroom Suites — serving medical travelers, business guests, and leisure visitors. LOCATION: 2 min from Broward Health (716 beds), walking distance to $1.2B Convention Center expansion, <10 min to FLL Airport and Port Everglades (4.7M cruise passengers). Adjacent to $3B+ development corridor (Pier Sixty-Six, Bahia Mar). EXPANSION: Lot 505 is 70% undeveloped — pool/amenity deck, co-working conversion, or 8-12 unit vertical addition.Offered with all technology, furnishings, and systems in place. Ideal for portfolio operators, multifamily investors seeking hospitality yields, or local owner-operators.
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Features
General
Possession
CloseOfEscrow
Roof
Other
Shingle
Security Features
Fenced
SmokeDetectors
Construction Materials
Block
Other
Year Built
1960
Electric
Other
Stories Count
1
Levels
One
Property Subtype
HotelMotel
Tax Year
2025
Ownership
Corporation
County
Broward
Property Type
CommercialSale
Full Baths
0
Status
Active
City
Fort Lauderdale
Zoning Description
RO
Number Of Units Total
17
MLS Area
3600
Lot Size Units
SquareFeet
Lot Size Square Feet
21450
Listing Terms
Cash
Conventional
Year Built Details
Resale
Tax Annual Amount
12784
Ok to Lease
Other
Lease Considered Y/N
false
Virtual Tour
https://www.propertypanorama.com/instaview/mia/A11967447
Structure Type
Apartment
Standard Status
Active
Occupancy Type
CallAgent
Legal Description
CROISSANT PARK 4-28 B LOT 20 BLK 62-L
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Interior
Flooring
Laminate
Marble
Slate
Total Bedrooms
5
Total Baths
0
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Exterior
Parking Features
Common
FreeParking
Water Source
Well
Lot Size Area
21450
Number of Buildings
3
Building Area Total
6869
Lot Size Acres
0.492
Waterfront Y/N
false
Covered Spaces
0
Number of Separate Electric Meters
1
Road Frontage Type
CityStreet
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* Excluded Features
List By
Optimar International Realty
Broker
rosapoler@hotmail.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $37,885
- Monthly Property Taxes
- $1,065
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Single family listings in Fort Lauderdale, FL
Average List Price
$1,685,318
Percent of Sale Price
72%
About Fort Lauderdale, FL
179,497
Population
6%
Since 2002
$
58,187
Median Income
44.09
Median Age
18%
Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338
Elementary School
4827337
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
2/18/2026
|
$6,000,000
|
|
Listed Price
|