513 S Ocean Boulevard, Pompano Beach, FL 33062

$2,350,000
Property Type: Residential Income Square Footage: 5,872 Status: Closed
Current Price: $2,350,000 List Date: 9/25/2025 Last Modified: 8/15/2026

Overview

Description

Do Not Walk Property or Disturb Tenants! Paradise Shores is an 8-Unit Multifamily in East Pompano Beach, Florida just steps to the Atlantic Ocean. The property is currently operating as a short term rental property with a strong repeat client list. Paradise Shores is well managed with many future bookings in place for year round activity. Paradise Shores has seen significant capital improvements including new furnishings, new air conditioning, new electrical service, newly lined sewer pipes, stabilization of operations, and much more. The units themselves are large more in line with private condominiums in the area making the property perfect for short term rentals. Parking is abundant as compared to similar properties in the area. Unit Mix (4) 2/2s (4) 1/1s.

Listing Details MLS# R11116550

General Property Information

Number Of Units Total
8
Property Sub Type
Quadruplex
Building Area Main
5872
Building Area Source
Public Records
Living Area Main
5872
Year Built
1972
Gated Community YN
No
Lot Size Area
8318
Lot Size Acres
0.19
Senior Community YN
No
Stories
2
Pool Private YN
No

Property Features

Association Amenities: Park; Sidewalks Documents Available: Equipment Lists; Inventory; Investment Analysis Electric: Three Phase Exterior Features: None Flooring: Tile Property Condition: Resale Structure Type: Quadruplex Tenant Pays: None Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Central Air Heating: Central Listing Terms: Cash; Conventional Roof: Built-Up Sewer: Public Sewer Tax Information: No Homestead Utilities: Cable Available; Sewer Available; Water Available View: Garden Water Access: Ocean Access; None Water Source: Public Showing Requirements: Call Listing Agent Unit 1 Appliances: Range; Refrigerator Unit 1 Interior Features: Split Bedroom Plan Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Interior Features: Split Bedroom Plan Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Parking Space Unit 4 Rooms: Kitchen Contingencies: Other Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
2699900
Negotiable Seller Concessions YN
Yes

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
513
Street Direction Prefix
S
Street Name
Ocean
Street Suffix
Boulevard
City Name
Pompano Beach
State Or Province
FL
Postal Code
33062
Postal Zip
33062
Subdivision Name
BLOUNT BROS POMPANO BEACH
Area
3121
Geographic Area
NBEA - North Broward Ocean To Intracoastal (3111-3121)
Parcel Number
494306061150
Zoning
AOD
Directions
From Atlantic and A1A (Ocean Blvd) head south to SE 6th Street. On the NW Corner of SE 6th and A1A

Financial Information

Tax Annual Amount
32141.9
Tax Year
2024
Tax Legal Description
BLOUNT BROS POMPANO BEACH SUB 2-43 B LOT 4 LESS PT DESC IN OR 13100/158 BLK 12

Status Change Information

Major Change Timestamp
2026-03-12T18:41:04Z
Major Change Type
Status Change
Price Change Timestamp
2025-11-12T19:21:00Z
Status Change Date
2026-03-12
Under Contract Date
2026-01-05
Close Date
2026-03-11
Close Price
2350000
Buyer Financing
Cash

More Information

Meter Information

Separate Electric Meters YN
Yes
Separate Water Meters YN
No

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Annual Total Expense
163202
Gross Income
342012
Net Operating Income
178810

Storm Protection

Impact Glass
Partial

Unit 1 Details

Actual Rent
3562
Baths Full
4
Furnished
Furnished
SqFt
900

Unit 2 Details

Actual Rent
3562
Baths Full
2
Furnished
Furnished
SqFt
550

Unit 3 Details

Actual Rent
3562
Baths Full
2
Furnished
Furnished
SqFt
550

Unit 4 Details

Actual Rent
3562
Baths Full
4
Furnished
Furnished
SqFt
900

Price Calculations

Current Price To SqFt
425.73

Originating Details

Originating System Key
20250820230158201222000000
Originating System ID
M00000170
IDX
Listing Office: Open Market Residential LLC
Source MLS Verified
Last Updated: August - 15 - 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