The property benefits from a great location in north Fort Lauderdale east of Federal Highway in a neighborhood currently undergoing gentrification. The existing older smaller single story ranch homes are gradually being expanded to two story 4 to 5 bedroom homes with all modern amenities.

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This trend is being observed in many waterfront neighborhoods east of US1 because of their desirable locations and attractive settings.

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Older homes in this neighborhood sell close to $1 million and can fetch above $2.1 million after expansion and renovations.

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This specific opportunity has 120 feet of waterfront when most homes in the neighborhood have 80-100 feet of frontage. Another attractive element is its location on the wider turning basin of the canal with an eastern exposure that reduces exposure of the pool area to the harsh afternoon sun. Additionally, the current layout of the home is very functional and lends itself easily to an expansion to a second floor and the addition of a third garage space.