$5,900,000

( $858.93Per Sq Foot )

$31,672 est/mo Sourced by Back At You

505 SE 16th Street,Fort Lauderdale, FL 33316

Fort Lauderdale, FL 33316

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Description

THE LAUDERDALE BOUTIQUE HOTEL | 17-Unit Turn-Key Investment | $6,000,000. Fully upgraded boutique hotel at SE 16th St, Fort Lauderdale 17 designer units across three contiguous lots (21,450 SF) with RO zoning allowing 5-story development. FINANCIALS: Revenue $830K, $372K NOI (44.6% margin) third-party managed or $461K NOI (7.7% cap) owner-operated. Stabilized 80%+ occupancy, $159 ADR. $600K+ in capital improvements (2023) including smart locks, fiber Wi-Fi, 55" casting TVs. TECH-DRIVEN OPERATIONS: Fully automated no front desk or full-time staff required. Guesty PMS, PricePoint dynamic pricing (+12% RevPAR), Conduit AI (90% inquiry resolution, support costs cut from $4K to $600/mo), SiteMinder distribution. Entire operation manageable remotely. ROOM MIX: 5 Queen Studios, 4 King Studios, 5 Junior Suites, 3 Two-Bedroom Suites serving medical travelers, business guests, and leisure visitors. LOCATION: 2 min from Broward Health (716 beds), walking distance to $1.2B Convention Center expansion, 10 min to FLL Airport and Port Everglades (4.7M cruise passengers). Adjacent to $3B+ development corridor (Pier Sixty-Six, Bahia Mar). EXPANSION: Lot 505 is 70% undeveloped pool/amenity deck, co-working conversion, or 8-12 unit vertical addition.Offered with all technology, furnishings, and systems in place. Ideal for portfolio operators, multifamily investors seeking hospitality yields, or local owner-operators.

Details

MLS #	A11967447
Listing Type	For Sale
Style	Hotelmotel
Sub-Type	Resale
Status	Active
Year	1960
Days On Site	191
Listing Provided By	Optimar International Realty \| Rosa Poler

Features

SQ Feet	6,869
Story(s)	1
Units	4
Building(s)	3
Zoning	RO
Acreage	0.49

Exterior

Lot Features	City Lot, Quarter To Half Acre Lot

Parking

Parking Features	Common, Free Parking

Taxes

Tax Annual Amount	12784

Location

Community Features	Laundry Facilities

Area Information

State	FL
County	Broward
City	Fort Lauderdale
Zip Code	33316
Area	3800
Listing VS Median (in 33316)
Price: $5,900,000 low \| high Med: $326,944 100% of Average sqft: 6,869 low \| high Med: 928 100% of Average $ / sqft: $859 low \| high Med: $354 100% of Average On site: 191 low \| high Med: 54.5 100% of Average

Sourced by Back At You

Market Activity 33316

Date	Sales	Avg $ Per SqFt	Min Sale Price	Max Sale Price	Med Sale Price
Date: Jun 2026	Sales: 8	Avg $ Per SqFt: $827.49	Min Sale Price: $145,000	Max Sale Price: $16,000,000	Med Sale Price: $1,217,500
Date: May 2026	Sales: 7	Avg $ Per SqFt: $537.63	Min Sale Price: $210,000	Max Sale Price: $1,650,000	Med Sale Price: $725,000
Date: Apr 2026	Sales: 21	Avg $ Per SqFt: $784.7	Min Sale Price: $175,000	Max Sale Price: $9,286,200	Med Sale Price: $1,400,000
Date: Mar 2026	Sales: 10	Avg $ Per SqFt: $538.76	Min Sale Price: $249,900	Max Sale Price: $9,900,000	Med Sale Price: $445,000
Date: Feb 2026	Sales: 12	Avg $ Per SqFt: $760.54	Min Sale Price: $240,000	Max Sale Price: $6,325,000	Med Sale Price: $1,592,500
Date: Jan 2026	Sales: 25	Avg $ Per SqFt: $609.34	Min Sale Price: $1,600	Max Sale Price: $13,430,000	Med Sale Price: $1,580,000
Date: Dec 2025	Sales: 10	Avg $ Per SqFt: $725.13	Min Sale Price: $181,000	Max Sale Price: $2,675,000	Med Sale Price: $1,087,500
Date: Nov 2025	Sales: 13	Avg $ Per SqFt: $623.26	Min Sale Price: $3,650	Max Sale Price: $5,500,000	Med Sale Price: $1,100,000
Date: Oct 2025	Sales: 18	Avg $ Per SqFt: $483.05	Min Sale Price: $4,000	Max Sale Price: $3,850,000	Med Sale Price: $710,000
Date: Sep 2025	Sales: 11	Avg $ Per SqFt: $627.94	Min Sale Price: $155,000	Max Sale Price: $7,135,000	Med Sale Price: $1,400,000
Date: Aug 2025	Sales: 11	Avg $ Per SqFt: $480.29	Min Sale Price: $1,900	Max Sale Price: $6,350,000	Med Sale Price: $415,000

Sourced by Back At You

Jun 2026
Sales:	8
Avg $ Per SqFt:	$827.49
Min Sale Price:	$145,000
Max Sale Price:	$16,000,000
Med Sale Price:	$1,217,500
May 2026
Sales:	7
Avg $ Per SqFt:	$537.63
Min Sale Price:	$210,000
Max Sale Price:	$1,650,000
Med Sale Price:	$725,000
Apr 2026
Sales:	21
Avg $ Per SqFt:	$784.7
Min Sale Price:	$175,000
Max Sale Price:	$9,286,200
Med Sale Price:	$1,400,000
Mar 2026
Sales:	10
Avg $ Per SqFt:	$538.76
Min Sale Price:	$249,900
Max Sale Price:	$9,900,000
Med Sale Price:	$445,000
Feb 2026
Sales:	12
Avg $ Per SqFt:	$760.54
Min Sale Price:	$240,000
Max Sale Price:	$6,325,000
Med Sale Price:	$1,592,500
Jan 2026
Sales:	25
Avg $ Per SqFt:	$609.34
Min Sale Price:	$1,600
Max Sale Price:	$13,430,000
Med Sale Price:	$1,580,000
Dec 2025
Sales:	10
Avg $ Per SqFt:	$725.13
Min Sale Price:	$181,000
Max Sale Price:	$2,675,000
Med Sale Price:	$1,087,500
Nov 2025
Sales:	13
Avg $ Per SqFt:	$623.26
Min Sale Price:	$3,650
Max Sale Price:	$5,500,000
Med Sale Price:	$1,100,000
Oct 2025
Sales:	18
Avg $ Per SqFt:	$483.05
Min Sale Price:	$4,000
Max Sale Price:	$3,850,000
Med Sale Price:	$710,000
Sep 2025
Sales:	11
Avg $ Per SqFt:	$627.94
Min Sale Price:	$155,000
Max Sale Price:	$7,135,000
Med Sale Price:	$1,400,000
Aug 2025
Sales:	11
Avg $ Per SqFt:	$480.29
Min Sale Price:	$1,900
Max Sale Price:	$6,350,000
Med Sale Price:	$415,000

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State	FL
County	Broward
City	Fort Lauderdale
Zip Code	33316
Area	3800
Listing VS Median (in 33316)
Price: $5,900,000 low \| high Med: $326,944 100% of Average sqft: 6,869 low \| high Med: 928 100% of Average $ / sqft: $859 low \| high Med: $354 100% of Average On site: 191 low \| high Med: 54.5 100% of Average

Sourced by Back At You

Nearby Listings (Within 1/4 mile)

Price: $4.425M - $7.375M

sqft: 5,000 - 8,500

Nearby Listings Property Image	Nearby Listings Details
	$2,000 749 Se 15th Street 6 Fort Lauderdale, FL 33316
	$1,700 749 Se 15th Street 7 Fort Lauderdale, FL 33316

Listing Updated: August 7, 2026 at 7:11:46 AM PDT

505 SE 16th Street,Fort Lauderdale, FL 33316

Fort Lauderdale, FL 33316

Description

Details

Features

Exterior

Parking

Taxes

Location

Area Information

Market Activity 33316

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$1,700

505 SE 16th Street,Fort Lauderdale, FL 33316

Fort Lauderdale, FL 33316

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Description

Details

Features

Exterior

Parking

Taxes

Location

Area Information

Market Activity 33316

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Request a showing

Contact

Additional Information

Showing Information

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Contact

Learn More About This Property

Coldwell Banker Schmitt

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$2,000

$1,700