Investment Overview
Discover the smart investor's entry point into one of Davie's most established and sought-after communities. This spacious 3-bedroom, 2-bathroom corner unit on the 4th floor of Sabal Palm Condo at Pine Island Ridge offers 1,170 sq ft of well-distributed living space, featuring a split bedroom layout, large walk-in closet in the master suite, in-unit washer/dryer, and a screened Florida room overlooking the garden — a rare find at this price point.
Currently leased through January 2027 at $2,500/month, this property generates immediate, reliable income with zero vacancy risk in the near term. The HOA is comprehensive, covering building exterior, cable TV, elevator, common areas, landscaping, pool service, trash removal, and water — keeping ownership costs predictable and low-maintenance.
The Pine Island Ridge lifestyle elevates the value proposition: residents access a private country club with golf course, tennis and basketball courts, fitness center, sauna, two restaurants and lounges, card and meeting rooms, BBQ areas, playground, jogging and biking paths, and a clubhouse — all anchored by a vibrant, established community culture. Priced at $270,000 in a market where comparable 3/2 units regularly trade above this range, this is a compelling buy-and-hold opportunity.
Investment Highlights
- 1,170 SF building
- 1 unit / 3bed-2bath
- Davie location
- 100% occupancy