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$2,299,000

  • For Sale
  • Active
  • Multi-Family
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Great investment opportunity! The Island Resort at Deerfield Beach has been running as a short term rental property for the last three years with hundreds of 5 star reviews online. Only two blocks from the beach, this well established resort and amazing cash producing property is one of the most sought after spots for short stays in the area. It already has bookings for next season while still offering a lot of future opportunities for growth and increased income. Officially a fourplex, with a 2/2 that is split into a 1/1 with full kitchen and bathroom and a studio, also with full kitchen & bathroom, it rents as 1 single family home and 4 villas. The Island Resort offers many avenues for investment and future development in A+ prime location in gorgeous South East Florida.

Full Property Details for 1944 NE 5th St

General

  • Price: $2,299,000
  • Taxes: (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Ft_Lauderdale
  • MLS ID: F10488055
  • Updated: 11/19/2025
  • Added to Site: 326 day(s) ago

Interior

  • Flooring: Clay Floors, Tile Floors

Additional Information

  • Spa: Yes

Location

  • Area: 3111
  • County: Broward County
  • Subdivision: Ocean Vue 3-34 B
  • Driving Directions: please use GPS

Heating & Cooling

  • Cooling Type: Ceiling Fans, Central Cooling, Electric Cooling
  • Heating Type: Central Heat, Electric Heat

Utilities

  • Sewer: Municipal Sewer
  • Cable Available: Yes

Structural Information

  • Architectural Style: Fourplex
  • Construction: Concrete Block Construction
  • Roof: Comp Shingle Roof
  • Living Area: 2,549 Sq. Ft.
  • Year Built: 1947

Unit Information

Unit 1

  • Bedrooms: 2

Unit 2

  • Bedrooms: 2

Unit 3

  • Bedrooms: 1

Unit 4

  • Bedrooms: 1

Lot Features

  • Lot Size: 10127
  • Zoning: RM-10
  • Lot Description: Less Than 1/4 Acre Lot

Financial Considerations

  • Tax Year: 2024
  • Terms: Cash, Conventional, Owner Financing

Disclosures and Reports

  • Legal Description: OCEAN VUE 3-34 B LOT 8 W 25, LOT 9 BLK 9
  • Property ID: 484305021480

Listed by United Realty Group Inc

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Listing agent

— 1944 NE 5th St —

  • United Realty Group Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1944 NE 5th St

School District:Broward County School District
NameGradesDistance
Deerfield Beach Elementary School
650 Northeast 1st Street, Deerfield Beach, FL 33441
K-51.1 mi
Deerfield Beach Middle School
701 Southeast 6th Avenue, Deerfield Beach, FL 33441
6-81.3 mi
Deerfield Beach High School
910 Southwest 15th Street, Deerfield Beach, FL 33441
9-122.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1944 NE 5th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/10/2025
Price Reduced
$2,299,000
-8%
MLS
6/23/2025
Price Reduced
$2,499,000
-7.41%
MLS
6/04/2025
Price Reduced
$2,699,000
-6.93%
MLS
2/24/2025
Listed
$2,900,000
204.62%
MLS
9/08/2023
Sold
$952,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1944 NE 5th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$24,141
—
$1,172,790
5%
2024
$24,141
4%
$1,112,790
6%
2023
$23,137
43%
$1,052,790
44%
2022
$16,197
4%
$732,370
3%
2021
$15,644
—
$714,500
3%
2021
$15,644
17%
$690,880
15%
2019
$13,375
-4%
$600,880
-7%
2018
$13,919
102%
$643,010
34%
2017
$6,875
5%
$481,430
13%
2016
$6,536
5%
$425,120
67%
2015
$6,218
4%
$254,470
3%
2014
$5,993
3%
$246,370
3%
2013
$5,799
—
$238,910
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1944 NE 5th St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by United Realty Group Inc

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1944 NE 5th St, Deerfield Beach, FL 33441 (MLS# F10488055) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 1944 NE 5th St is currently listed for $2,299,000 and was received on February 24, 2025. Want to learn more about 1944 NE 5th St? Do you have questions about finding other Multi-Family real estate for sale in Deerfield Beach? You can browse all Deerfield Beach real estate or contact a Coldwell Banker agent to request more information.

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