1301 N Ocean Boulevard, Pompano Beach, FL 33062

$3,600,000
Property Type: Commercial Sale Status: Closed
Current Price: $3,600,000 List Date: 8/21/2020 Last Modified: 6/09/2026

Overview

Description

"Rea by the Sea" is a Turnkey 10 unit short-term rental/hotel/motel property on the Beach that is approved and licensed in Pompano Beach, FL (Broward County). The structure was built in 1963, using reinforced concrete block construction, with a painted stucco exterior.using reinforced concrete block construction, with a painted stucco exterior This highly attractive unit-mix includes 3. 1 bedroom, 1 and a half bath (Town house )3. 2 bed 1 bath1. 2 bed 1.5 bath1. 1 bed 1.5 bath1. 1 bed 1 bath1. 3 bed 2 bath (Town house )Total rental square footage is approximately 8,247 SF. Amenities include a beautiful heated swimming pool, incredible outdoor lighting. The property features 11 parking spaces, laundry facility, and 2 storage rooms.PLEASE SEE ATTACHMENT FOR MORE INFO

Supplements: "Rea by the Sea" is a Turnkey 10 unit short-term rental/hotel/motel property on the Beach that is approved and licensed in Pompano Beach, FL (Broward County). The structure was built in 1963, using reinforced concrete block construction, with a painted stucco exterior.using reinforced concrete block construction, with a painted stucco exterior. T ...

Listing Details MLS# F10244980

General Property Information

Number Of Buildings
3
Property Sub Type
Hotel/Motel
Number Of Units Total
10
Occupant Type
Call Listing Agent
Year Built
1962
Parking Total
11
Lot Size Area
15696
Stories Total
2

Property Features

Building Features: Fenced Area; Laundry Facilities Ceiling: Other Fencing: Fenced Flooring: Ceramic Tile; Marble; Slate; Tile Heating: Central; Electric Parking Features: Accessible Parking; Assigned; Guest Possession: Negotiable Property Condition: Resale Sale Includes: Business; Furniture; Other Special Licenses: State License Sprinkler Description: City Sprinkler System Construction Materials: CBS Cooling: Central Individual; Exhaust Fan Listing Terms: Cash; Conventional Lot Features: Landscaped Road Frontage Type: City Street Roof: Tar/Gravel; Other Security Features: Fire Alarm; Security Gate; Security System; Smoke Detector(s); Other Sewer: Public Sewer Structure Type: Hotel/Motel Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only

Contract Information

Comp Sale YN
No
Original List Price
3600000

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
1301
Street Direction Prefix
N
Street Name
Ocean
Street Suffix
Boulevard
City Name
Pompano Beach
Municipal Code
48
State Or Province
FL
Postal Code
33062
Postal Code +4
3422
Area
3113
Geographic Area
NBEA - North Broward Ocean To Intracoastal (3111-3121)
Parcel Number
484330010040
Zoning
RM-20
Directions
Located at 1301 N Ocean Blvd, on the corner of A1A & NE 13th St, "Rea by the Sea" is situated less than one block from the world-famous Pompano Beach.

Financial Information

Tax Annual Amount
38521
Tax Year
2019
Tax Legal Description
POMPANO BY THE SEA RESUB 1-22 B LOTS 4 & 5,LESS THEREFROM PART DESC AS COMM AT THE SW COR LOT 5,NELY 130.93 TO POB CONT NLY 115.55,NELY ALG

Status Change Information

Major Change Timestamp
2021-04-20T04:59:57Z
Major Change Type
Status Change
Status Change Date
2021-04-20
Under Contract Date
2021-04-01
Close Date
2021-04-19
Close Price
3600000
Buyer Financing
1031 Exchange

More Information

Building and Property Details

# Of Toilets
16
Door Height
8-10'
Improvement Height
2 Stories

Meter Information

Number Of Meters Total
11

Short Sale Details

Lender Approval
Unapproved
Short Sale Addendum
No

Income and Expenses

Occupancy Percentage
100

Description of Unit Type 1

Unit Type
1 Bedroom
Units Total
5
Half Baths
9
Seasonal Rent
Yes

Description of Unit Type 2

Unit Type
2 Bedroom
Units Total
4
Half Baths
5
Seasonal Rent
Yes

Description of Unit Type 3

Unit Type
3 Bedroom
Units Total
Yes
Half Baths
2
Seasonal Rent
Yes

Concessions

Seller Concessions
No

Price Calculations

Original List Price To Close Price
Yes

Section Details

Parcel Number MLX
0040

Originating Details

Originating System Key
534306184
Originating System ID
M00000170
IDX
Listing Office: Castelli Real Estate Services
Source MLS Verified
Last Updated: June - 09 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Compare listings

Compare