The Villas At Coral Ridge

About The Villas At Coral Ridge

The Villas at Coral Ridge offers the opportunity to acquire three newly built luxury townhome residences at 1821, 1823 and 1825 NE 26th Avenue, delivered as a single income-producing package in one of Fort Lauderdale’s most established coastal neighborhoods. Each residence is a 4-bedroom-plus-den, 4.5-bath home with a private pool, summer kitchen and rooftop terrace, built of concrete block with impact glazing. The residences were originally brought to market individually. Offering all three together converts a retail for-sale story into a single institutional-scale transaction, with two residences already leased and the third available for immediate lease-up or owner occupancy. Because the residences are separately deeded, a buyer retains the retail exit at any point in the hold.

Coral Ridge sits between East Oakland Park Boulevard and East Sunrise Boulevard, east of Federal Highway and west of the Intracoastal Waterway, adjacent to the Coral Ridge Country Club and minutes from Fort Lauderdale Beach, Las Olas Boulevard and Downtown Fort Lauderdale. The neighborhood is 85 percent single-family, non-gated, and characterized by continued teardown and rebuild activity that keeps new product scarce. The strike price of $7,500,000 is set at $685 per livable square foot against a $656 per square foot weighted average across the Coral Ridge townhome comparable set, and 14.8 percent below the $8,800,000 of combined per-unit appraisals supplied by ownership.