by RH Advisors

See Home Value
$10,310,000
↑ $2.7M (26%)
House - Off Market

505 IDLEWYLD DR

Fort Lauderdale, FL 33301
bedrooms
6 Beds
bathrooms
8 Baths, 1 Half Bath
square feet
5364 Sqft
$72,087
Estimated Monthly
$0
HOA / Fees
0.61%
Cap Rate

About This Property

Newly built custom Intracoastal Estate offers a daily boat parade with wide open Intracoastal views from many rooms. Superbly located in highly desirable, security patrolled Idlewyld, close to beaches & Las Olas. Barely occupied, shows impeccably & as-new! Sophisticated island inspiration, high quality construction, millwork & natural finishes, hardwood floors & unique marbles. Lutron technology. Ultimate Chef's kitchen, professional grade appliances. 1st level: media, living & dining areas, 6th bed suite/home office option. Upstairs 4 bedrooms + ultra-luxury Primary Suite, dual closets/spa baths. The sale price included the vacant lot next door. There was also a furniture allocation and other factors that affected the recorded sales price.
Unit Size
5,364Ft²
Days on Market
196 days
Land Size
-
Price per sqft
$2,423
Property Type
House
Property Taxes
$8,279
HOA Dues
-
Year Built
2021
Last updated: 17 days ago (Beaches MLS #F10404701)

Price History

Date / Event Date Event Price
Apr 27, 2024 Price Increased $12,995,000
↑ $3M (26%)
Price Increased
Apr 26, 2024 Sold $10,310,000
Sold
Apr 4, 2024 In contract -
In contract
Mar 12, 2024 Price Decreased $9,995,000
↓ $3M (21.6%)
Price Decreased
Feb 4, 2024 Price Decreased $12,750,000
↓ $1M (8.9%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Parking Type: Garage
  • Garage Type: Garage
  • Garage Square Area: 494
  • Parking Space Count: 2
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 11,932
  • Lot Size Frontage Feet: 1,123
  • Total Building Area: 6,711
  • Gross Building Area: 6,711
  • Building Area: 4,867
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 4,867
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: IDLEWYLD 1-19 B
  • Land Acres: 0.274
  • Standard Land Use Code: Single family residential
  • Legal Description 1: IDLEWYLD 1-19 B LOT 1 LESS W 75,LOT 2 LESS W 75 BLK 3

Ownership

  • Current Owner : SUSAN G FALLON LIVING TRUST
  • Current Owner 2: FALLON JOSEPH F
  • Previous Owner : 505 IDLEWYLD LLC
  • Owner Before Previous Owner: PALERMO DINA M
  • Owner Before Previous Owner 2: SMITH JEFFREY A
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Broward County School District
  • Census Tract: 042000

Zoning

  • Zoning: RS-8

Geography

  • District: 0312
  • Parcel: 50-42-12-02-0260
  • Block: 3
  • Lot: 1,2
  • Meridian: SEC 12 TWN 50S RNG 42E
  • Municipality: FORT LAUDERDALE
  • Latitude: 26.1167
  • Longitude: -80.1099

    Address

  • Full Address: 505 Idlewyld Dr
  • Address - House Number: 505
  • Address - Street Name: Idlewyld
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Fort Lauderdale
  • Carrier Code: C003
  • 4-Digit Zip Code: 2731
  • Zip Code: 33301

Valuation

    Tax

  • Total Area: 5,364
  • Tax Year: 2023
  • Tax Amount: $101,375
  • Tax Rate Code Area: 0312

    Appraisal Valuation

  • Standard Deviation: 0.2828
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 43
  • Final Value: 4,868,149
  • High Value: 6,245,074
  • Low Value: 3,491,223

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,270,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Mar 10, 2022
  • First Open Lien Mortgage Loan Amount: $4,270,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2052

    Market Valuation

  • Market Total Value: $5,774,950
  • Market Land Value: $787,510
  • Market Improvement Value: $4,987,440

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $5,722,290

    Sales

  • Current Sale Contract Date: Jan 29, 2015
  • Current Sale Recording Date: Feb 17, 2015
  • Current Sale Transaction ID: 1068204096
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 112813935
  • Previous Sale Recording Date: Jun 08, 2012
  • Previous Sale Contract Date: Jun 04, 2012
  • Previous Sale Amount: $2,100,000
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
8 Baths
7,032 ft²
$1,813/ft²
$12,750,000 Oct 23, 2023
$12,750,000 Mar 29, 2024
$3,221/mo
House
6 Beds
7 Baths
6,141 ft²
$1,702/ft²
$10,450,000 Oct 16, 2023
-
$1,343/mo
House
6 Beds
9 Baths
7,560 ft²
$1,429/ft²
$10,800,000 Nov 28, 2022
-
$2,396/mo
House
7 Beds
9 Baths
6,990 ft²
$2,189/ft²
$15,300,000 Jun 13, 2023
-
$1,614/mo
House
7 Beds
8 Baths
6,514 ft²
$1,685/ft²
$10,975,000 Sep 2, 2022
-
$2,274/mo
House
6 Beds
9 Baths
8,936 ft²
$1,622/ft²
$14,495,000 Apr 1, 2024
-
$15,936/mo
House
7 Beds
8 Baths
6,473 ft²
$1,699/ft²
$10,995,000 Oct 9, 2023
-
$10,091/mo
House
4 Beds
6 Baths
5,872 ft²
$2,469/ft²
$14,500,000 Sep 28, 2022
-
$4,306/mo
House
7 Beds
8 Baths
-
$12,950,000 Jun 22, 2023
-
$2,230/mo
Condo
3 Beds
6 Baths
5,183 ft²
$2,276/ft²
$11,799,000 Dec 4, 2023
-
$4,538/mo
Commercial
Loft
-
-
$12,400,000 Jul 26, 2023
-
-

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Frequently Asked Questions

When was property at 505 Idlewyld Drive built and last sold?
The property at 505 Idlewyld Drive was built in 2021 and last sold on Jan 29, 2015 for $0.
How much is this home worth?
The estimated value of the home located at 505 Idlewyld Drive is $14,134,950.
What are some comparable homes to 505 Idlewyld Drive?
Homes that are comparable to 505 Idlewyld Drive include a house property at 24 Fiesta Way, 600 Solar Isle Drive, 417 Idlewyld Drive.

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