11 SW 11th Ave
Fort Lauderdale, FL 33312 Sailboat Bend

Located in the heart of the desirable Sailboat Bend Historic District, this prime property offers an unparalleled investment opportunity just minutes from downtown Fort Lauderdale and the Discovery Center. Situated on more than 1/3 acre and zoned RMM-25 (Residential Multifamily Medium High Density), this site provides the flexibility to expand and capitalize on its full potential. Currently, the property features two charming income-producing cottages generating $3,500/month in rental income. With the potential to add 5+ additional multi-level units, this property presents a rare chance for a developer or private owner to create a boutique multifamily development in one of Fort Lauderdale’s most unique and historic neighborhoods.

PROPERTY OVERVIEW:
Address: 11 SW 11 Avenue, Fort Lauderdale, FL 33312
Lot Size: ±14,500+ SF (1/3+ acre)
Zoning: RMM-25 (Residential Multifamily Medium-High Density)
Current Improvements: Two residential cottages
Current Income: $3,500/month ($42,000/year)
Development Potential: 5+ units (buyer to verify)
Lot Type: Corner lot with strong frontage

INVESTMENT HIGHLIGHTS:
Immediate in-place income offsets holding costs
Ability to develop multifamily or townhome product
Located in high-demand rental and redevelopment corridor
Minutes to Downtown Fort Lauderdale & Las Olas
Rare oversized parcel in historic district
Strong long-term appreciation potential
Flexible exit strategies: build, hold, or resell

VALUE-ADD / ROI POSITIONING:
Generate income while planning development
Maximize density under RMM-25 zoning
Capitalize on rising rents and limited new supply nearby
Deliver boutique product in a high-barrier-to-entry neighborhood
Strong resale potential for finished units or stabilized asset

LOCATION ADVANTAGES:
3–5 minutes to Downtown Fort Lauderdale
Close to Las Olas Blvd (retail, dining, nightlife)
Easy access to Brightline, I-95, and major corridors
Near Museum of Discovery & Science
Positioned in an active redevelopment zone