Save
Ask
Tour
Hide
Share
$380,000
1 Day On Site

1624 E River Dr
Margate, FL 33063

For Sale|Single Family Residence|Active
2
Beds
1
Total Bath
1
Full Bath
975
SqFt
$390
/SqFt
1959
Built
Subdivision:
MARGATE 3RD ADD
County:
Broward
1624 E River Dr
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$1,734
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

Prime Investment Opportunity! This single-family residence presents a high-yield opportunity for savvy investors looking to capitalize on the robust Margate rental market. Situated on a generous 7,998 square foot lot, this property offers the ideal footprint for a "buy-and-hold" strategy or a strategic value-add renovation. The home currently features a functional 2-bedroom, 1-bathroom layout. The location is a major draw for long-term equity growth, nestled in a quiet residential pocket with no HOA restrictions, allowing for maximum flexibility in management and leasing. The property is ideally positioned near major South Florida thoroughfares, local parks, and shopping hubs, ensuring low vacancy rates and high tenant demand. Whether you are looking to fix-and-flip in a neighborhood where renovated homes are commanding premium prices or seeking a steady cash-flowing asset to add to your portfolio.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$380,000
Days On Site 
1 Day
Bedrooms 
2
Inside Area (SqFt) 
975 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
7,998 Acres
Year Built 
1959
MLS® Number 
A11935605
Status 
Active
Property Tax 
$5,795
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
11 hours agoStatus changed to Active
11 hours agoListing updated with changes from the MLS®
11 hours agoPrice changed to $380,000
yesterdayListing first seen on site
General Features
Direction Faces 
North
Garage 
Yes
Garage Spaces 
1
Parking 
Other
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
Special Circumstances 
Real Estate Owned
SqFt Total 
1626
Style 
DetachedOther
Water Source 
Public
Zoning 
R-1
Interior Features
Appliances 
Electric RangeMicrowaveRefrigerator
Cooling 
Central Air
Flooring 
Other
Heating 
Central
Interior 
Master Downstairs
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details 
Block
Exterior 
Other
Pool Features 
None
Road Frontage 
City Street
Roof 
Shingle
View 
Other
Waterview 
Other
Community Features
Financing Terms Available 
CashConventional
MLS Area 
3632
Schools
School District
Unknown
Elementary School
Margate Elem
Middle School
Margate Middle
High School
Coconut Crk High
Listing courtesy of Luxe Properties

The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2025, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share