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$1,600,000
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Property Description
Exceptional corner development site located in one of Fort Lauderdale's fastest-growing corridors. This 20,250 square foot parcel, comprised of three assembled lots, sits prominently at NW 7th Terrace and NW 5th Street, just steps from Sistrunk Marketplace and surrounded by significant new construction and revitalization. Zoned RMM- 25, the property offers the potential to develop up to 10 townhomes. The lot previously received City approval for a church, reflecting strong development viability. A current survey is available, and extensive testing has already been completed, providing added value and reduced upfront work for the next developer. Uses Commonly Built in RMM-25 In practice, this zoning has been used for: "¢ Townhome developments (e.g., mid-rise townhome complexes) "¢ Small/medium multifamily buildings (typically up to ~25 units/acre density) ? "¢ Mixed residential configurations with some higher-density units Position yourself ahead of the curve and capitalize on Fort Lauderdale's continued growth before pricing accelerates further.
Full Property Details
Full Property Details for 501 NW 7th Terrace
General
- Price: $1,600,000
- Taxes: $383 (2025)
- Status: Active
- Type: Lots/Land
- Source: Greater_Miami
- MLS ID: A11949002
- Updated: 1/20/2026
- Added to Site: 14 day(s) ago
Location
- Area: North Lauderdale
- County: Broward County
- Subdivision: NORTH LAUDERDALE
- Building Name: NORTH LAUDERDALE
- Driving Directions: Use GPS
- Direction Faces: East
Community
- Community Name: North Lauderdale
Utilities
- Sewer: None
- Water: Other
- Utility Description: No Utilities, None
Structural Information
- Structure Type: Other
- Detached/Attached: Detached
- Current Bldg. Use: Multi-Family, Check Land Use Plan, Unused
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.465
- Lot Size (Sq. Ft.): 20,250
- Lot Features: City Location, Corner Location, Alley, Fenced, No Misc/Improvements
- Development Status: Undeveloped
- Trees/Vegetation: Partially Wooded
- Zoning: RMM-25
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $383
- Tax Year: 2025
- Terms: Cash
Disclosures and Reports
- Legal Description: NORTH LAUDERDALE 1-48 D LOTS 21-26 TOG WITH E 1/2 OF PT VAC'D ALLEY LYING W OF ADJ TO SAID LOTS AS PER OF 15316/195 BLK 15
- Property ID: 504203011720
Listed by Lifestyle International Realty
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Schools
Schools serving 501 NW 7th Terrace
School District:Broward County School District
| Name | Grades | Distance |
|---|---|---|
Walker Elementary School (Magnet) 1001 Northwest 4th Street, Fort Lauderdale, FL 33311 | PK-3 | 0.2 mi |
Sunrise Middle School 1750 Northeast 14th Street, Fort Lauderdale, FL 33304 | 6-8 | 2.1 mi |
Fort Lauderdale High School 1600 Northeast 4th Avenue, Fort Lauderdale, FL 33305 | 9-12 | 1.6 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 501 NW 7th Terrace
Date
Details
Price
Change
Source
1/20/2026
Listed
$1,600,000
788.89%
MLS
7/29/2019
Sold
$180,000
—
Public Record
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
Tax History for 501 NW 7th Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2024
$333
—
$810,000
60%
2024
$333
15%
$506,250
—
2023
$290
-70%
$506,250
971%
2021
$964
995%
$47,250
-88%
2022
$88
-91%
$405,000
823%
2021
$964
—
$43,880
—
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
Estimate the Cost for 501 NW 7th Terrace
501 NW 7th Ter, Fort Lauderdale, FL 33311 (MLS# A11949002) is a Lots/Land property with a lot size of 0.465 acres. 501 NW 7th Ter is currently listed for $1,600,000 and was received on January 20, 2026. Want to learn more about 501 NW 7th Ter? Do you have questions about finding other Lots/Land real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.

