Commercial Sale · Multi Family
450 Paradise Isle Boulevard, Hallandale Beach FL 33009, HALLANDALE BEACH, FL, 33009
Active56 days on marketListed Jun 24, 2026MLS #B26044989
About this property
The property at a glance
ONCE-IN-A-LIFETIME UNIQUE OPPORTUNITY! Amazing Opportunity to Own this Beautiful Ground Lease in the City of Hallandale. It is a TRUE ISLAND, surrounded by over 2,200 linear feet of waterway on all 3 sides connected to the mainland by bridge... just 1 minute to the Intercoastal waterway. Lot size is 4.28 acres with 7 buildings comprised of #194 apartment units, a recreational center, and #42 Boat slips and docks. Enjoy this NO-Responsibility Investment and watch your equity grow. $75,000 per year Cash Flow without any responsibility. Purchase this ground lease for a fraction of what it will be worth when it matures!!!
1,864,368
Building sq ft
$4
Price / sq ft
4.28
Lot acres
1964
Year built
195
Units
7
Buildings
RM-18
Zoning
Multi Family
Property type
The numbers
Investment snapshot
1.1%
Cap rate
$71,000
Net operating income
$71,000
Gross income (yr)
$34,103
Price / unit
195
Units
Estimated payment (illustrative)
Estimated payment
$36,158/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Krystina to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
3,146
Population
$116,451
Median income
54
Median age
2
Avg household
$882,503
Median home value
$1,005/mo
Median rent
127
Households w/ kids
Consumer profile
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Seeking peace and well-being through meditation, gratitude and spirituality.
Improving flexibility, strength, and overall well-being is the yogi's aim. This population is looking for the right community, instruction, and accessories.
This population is characterized by vulnerability. Looking to unload emotional burdens, activities include confessions, apologies, and long-form posts.
Expressing feelings of safety, comfort and happiness - especially with loved ones.
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
Recent sales
What actually sold near 450 Paradise Isle Boulevard
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,365,000
615 NE 7th Street, Hallandale Beach FL 33009
Sold Dec 11, 2025
$3,000,000
705-713 NE 3rd Street, Hallandale Beach FL 33009
Sold Dec 19, 2024
$1,500,000
338 Taylor Street, Hollywood FL 33019
Sold Dec 4, 2025
Your team
The pros in your corner
Your agent
Krystina Allen
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 450 Paradise Isle Boulevard — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 450 Paradise Isle Boulevard.
See it in person
Schedule a tour
Live availability from Krystina's calendar — pick a time and it's booked.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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