1940 E Terra Mar Drive, Lauderdale-By-The-Sea, FL 33062

Overview

Description

BRING ALL OFFERS! Unique Opportunity to live in the most desirable Island in Broward County. Over 125 feet on water with enormous potential to match some of the upscale homes in the area. Single-family home built in 1953, featuring 2 bedrooms and 2 bathrooms, totaling 1,932 square feet. Terra Mar is an exclusive island community comprising approximately 185 homes, surrounded by the Intracoastal Waterway & accessible via a private bridge & gate. Residents enjoy a serene environment with direct ocean access & no fixed bridges, making it a boater's paradise. The neighborhood offers a private deeded beach club equipped with a cabana, showers, grills, and picnic areas, enhancing the resort-style living experience. Lauderdale-by-the-Sea is renowned for its charm that appeals residents & visitors

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Living Area Main: 1932
Year Built: 1953
Carport YN: Yes
Carport Spaces: 2
Covered Spaces: 2
Gated Community YN: Yes
Lot Size Area: 10498
Senior Community YN: No
Guest House YN: No
Waterfront YN: Yes
Water Frontage Feet: 125
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Stories: Yes
Direction Faces: Northeast
Pool Private YN: No
Furnished: Negotiable
LP/Assessed Value: 2.28

Property Features

Dining Area: Formal Dining; Kitchen Dining; Snack Bar/Counter Fireplace Features: Decorative Flooring: Terrazzo; Tile Parking Features: Driveway Property Condition: Resale Appliances: Dishwasher; Dryer; Refrigerator; Washer Architectural Style: Ranch Boat and Dock Features: Private Dock Construction Materials: CBS Cooling: Central Air; Electric Association Type: Homeowner Association Fencing: Fenced Heating: Central; Electric Interior Features: Storage Levels: One Listing Terms: Cash; Conventional Lot Features: Room for Pool Membership: Other Membership Available Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Negotiable Restrictions: No Restrictions Roof: Flat; Tile Sewer: Public Sewer Special Information: Sold As-Is Tax Information: Homestead Exemption Utilities: Cable Available View: Garden; Water Water Access: No Fixed Bridge; Ocean Access Water Source: Public Water View: Canal Waterfront Features: Canal Front; No Fixed Bridges Canal Width: Canal Width 1-80 Feet Window Features: Jalousie Showing Requirements: Showing Service Outdoor Living Spaces: Deck Contingencies: None Room Types: Florida Room; Laundry Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 2500000
Negotiable Seller Concessions YN: Yes
Occupant Type: Vacant

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 1940
Street Direction Prefix: E
Street Name: Terra Mar
Street Suffix: Drive
City Name: Lauderdale-By-The-Sea
State Or Province: FL
Postal Code: 33062
Postal Code +4: 6834
Postal Zip: 33062
Subdivision Name: Terra Mar Island Estates
Development Name: Terra Mar Island Est
Area: 3121
Geographic Area: NBEA - North Broward Ocean To Intracoastal (3111-3121)
Elementary School: McNab
Middle Or Junior School: Pompano Beach
High School: Blanche Ely
Parcel Number: 494306200020
Zoning: RS-5
Directions: FL-A1A / S Ocean Blvd , Turn right onto Terra Mar Dr, Turn left onto E Terra Mar Dr, Arrive at E Terra Mar Dr on the left.

Financial Information

Association YN: Yes
Association Fee: 75
Association Fee Frequency: Annually
Association Phone: 954-675-5124
Association Website: FLORIDA PROPERTY MANAGEMENT SERVICES
Membership Fee Required YN: No
Tax Annual Amount: 6436
Tax Year: 2023
Tax Assessed/SOH Value: 1049310
Tax Legal Description: TERRA MAR ISLAND ESTATES 29-12 B LOT 2 BLK 1
Assessor Market Value: 1049310

Status Change Information

Major Change Timestamp: 2025-06-02T21:36:59Z
Major Change Type: Status Change
Price Change Timestamp: 2025-04-18T00:21:20Z
Status Change Date: 2025-06-03
Under Contract Date: 2025-04-29
Close Date: 2025-06-02
Close Price: 2000000
Buyer Financing: Cash

More Information

Entry Information

Entry Level: Yes
Entry Location: First Floor Entry,Fireplace-Decorative

Short Sale Details

Short Sale Addendum: No

Boat and Dock Information

Dock: Yes

Co-Ownership

Property Management YN: No

Main Level Rooms

Main Level Bathrooms: 2
Main Level Bedrooms: 2

Concessions

Seller Concessions: Yes
Seller Concessions Amount: 40000

Price Calculations

Current Price To SqFt: 1035.2
Original List Price To Close Price: 0.8

Section Details

Parcel Number MLX: 0020

Originating Details

Originating System Key: 592742583
Originating System ID: M00000170

Room Information

Room Name
Florida Room
Laundry