$199,999
5375 SW 40th Ave #105, Fort Lauderdale, FL 33314
Turnkey Remodeled 1BR/1BA First-Floor Condo Across from Hard Rock
1 Bed · 1 Bath · 720 Sq Ft
Move-in ready 720 sqft corner unit with reserved parking and pool
1
Beds
1
Baths
720
Sq Ft
1973
Built
N/A
Lot
Reserved surface parking (no garage)
Garage
About 5375 SW 40th Ave
Step into a fully remodeled 1-bedroom, 1-bathroom condominium that combines modern finishes with immediate convenience. This first-floor corner unit (Unit 105) delivers approximately 720 square feet of thoughtfully updated living space — the kitchen has been redone with quartz countertops, new Samsung appliances and clean contemporary cabinetry. A new tankless water heater, fresh interior paint and updated finishes throughout mean the heavy lifting is already done.
The unit’s orientation provides easy, ground-level access and a reserved parking space directly outside your door; additional guest parking is available for visitors. The community offers a pool for weekday wind-downs or weekend gatherings, and the seller reports a new roof at the building level — a meaningful improvement for buyer peace of mind. The current condition supports immediate occupancy or leasing with minimal additional investment.
Location is a key asset: you are directly across from the Seminole Hard Rock Casino and within minutes of dining, entertainment and retail along Stirling and Griffin. Commuters will appreciate quick access to I-95 and the Florida Turnpike. The unit appeals to investors seeking a turnkey rental, first-time buyers looking for affordability in Broward County, or seasonal residents who want a low-maintenance South Florida base.
This is a straightforward opportunity: renovated interiors, practical first-floor access, reserved parking and a pool — all at a sub-$200k price point. Contact the listing agent for HOA docs, recent condo minutes and to schedule a showing. Please verify HOA rules for rentals if your plan includes leasing.
Home Highlights
Property Features
Interior Features
- 720 sqft one-bedroom floorplan
- Fully remodeled kitchen with quartz countertops
- New Samsung appliances
- New tankless water heater
- Fresh paint and modern finishes throughout
Exterior & Lot
- First-floor corner unit for easy access
- Reserved parking space directly in front of unit
- Multiple guest parking spots
- Community swimming pool
- Reported new roof at building level
Location & Neighborhood
- Directly across from Seminole Hard Rock Casino (walking distance)
- Minutes to I-95 and Florida Turnpike
- Close to dining, nightlife and retail on Stirling & Griffin
- Short drive to Hollywood Broadwalk and beaches
Walkability & Recreation
- Walkability Rating: 55/100
- Nearby parks and entertainment at Young Circle ArtsPark and beach access within a short drive
- Easy access to regional trails and waterfront recreation
Neighborhood & Location
The property sits on the Fort Lauderdale / Hollywood border near the Seminole Hard Rock corridor — an area blending hospitality, entertainment and residential uses. Expect a mix of garden-style condo complexes, strip retail and hotels. The neighborhood provides quick highway access and is a short drive to Hollywood Beach and Young Circle, making it popular with service-industry employees, investors, and buyers seeking affordability near entertainment anchors.
Market Insights
Small, renovated one-bedroom condos near the Hard Rock/Young Circle corridor remain in steady demand among investors and entry-level buyers. Broward County’s condo market has seen selective strength for turnkey units under $250k because they attract long-term renters (hospitality and service workers) and seasonal occupants. Inventory fluctuates, but a well-presented unit like this often draws multiple showings quickly. For buyers, this property represents a competitively priced entry into Fort Lauderdale/Hollywood market with immediate occupancy potential; for investors, projected rent in the area typically sits in the $1,700–$1,900 range, suggesting attractive gross yields relative to purchase price (buyer should model net yield after HOA, taxes, insurance and maintenance).
Nearby Schools
Driftwood Elementary
Elementary · ≈1.5 mi
Everglades Middle (or nearest Broward County middle school)
Middle · ≈2.0 mi
McArthur High School
High · ≈2.5 mi
Walkability & Recreation
Close to arts and entertainment at Young Circle, short drive to Hollywood Broadwalk and beach; community pool onsite for daily leisure.
Investment Highlights
- Turnkey remodeled unit with quartz counters and new Samsung appliances
- First-floor corner unit with reserved parking directly outside
- Community pool and low listed price point at $199,999
- Very short walk/drive to Seminole Hard Rock Casino and dining/entertainment
- New tankless water heater and reported new roof at building level
Key Findings
- The unit is 1 bed / 1 bath with 720 sqft, built in 1973 and reported fully remodeled.
- List price is $199,999 and price per sqft reported at $278.
- No HOA fee details provided in the scrape; listing notes 'Low HOA Maintenance' but documentation should be reviewed.
- Surface reserved parking in front of unit and guest parking available.
- Prime location near entertainment, dining corridors, and major highways (I-95, Turnpike).
Things to Consider
- HOA documentation and reserve/assessment status not provided—verify before offer.
- Potential noise and traffic due to proximity to the casino and commercial corridors.
- Condo rules for short-term rentals and occupancy unknown—verify if investor targets short-term leasing.
Opportunity Analysis
Acquire a turnkey, affordable one-bedroom condo near a major entertainment anchor (Seminole Hard Rock) to capture rental demand from hospitality employees, seasonal residents, or value buyers seeking an entry into Broward County real estate. Renovation risk is minimal because upgrades are reported complete; near-term upside comes from rental yield and potential appreciation driven by local redevelopment.
Potential Use Scenarios
- Buy-and-hold rental: pursue a lease to hospitality employees or long-term renters; expect stable occupancy.
- Owner-occupier primary purchase with possible short-term rental when not in use (verify local condo rules).
- Quick flip: minimal rehab needed — hold for 6–18 months if local market shows appreciation, but ensure HOA and fees allow turnover without surprise costs.
Risk Factors
- Unverified HOA finances and potential special assessments.
- Local noise/traffic from casino and commercial uses could limit premium pricing.
- Condo insurance costs in Broward may be elevated; factor into net yield.
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$185K
Midpoint
$200K
High
$215K
$278/SF estimated price per square foot
Estimate anchored to the provided list price ($199,999) with adjustments for condition (fully remodeled), unit size (720 sqft), first-floor corner location, and local 1BR condo pricing near Hollywood/Hard Rock corridor. No live comp search performed; range reflects typical variance for similar units.
As of 2026-03-13
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Area sees steady demand for affordable condos due to entertainment employment base, proximity to transit corridors, and ongoing redevelopment near Hollywood/Hard Rock.
Nearby Points of Interest
- Seminole Hard Rock Hotel & Casino (0.1-0.3 mi)
- Young Circle ArtsPark / Hollywood Beach (approx. 2–3 mi)
Immediate proximity to Hard Rock Casino, restaurants, shopping corridors along Stirling and Griffin, with quick access to I-95 and Florida Turnpike. Beaches and Hollywood Broadwalk are a short drive east.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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