ASKING $529,000 | EST. ARV $850,000 | 5 BED / 3 BATH | 2,845 SF | POOL
A rare opportunity to acquire a spacious 5-bedroom pool home in Grand Palms, surrounded by comparable properties selling in the $800Ks.
This 1995-built, two-story property offers approximately 2,845 SF, a two-car garage, screened pool and patio, and substantial value-add potential for an experienced South Florida investor.
The home is vacant and needs renovation, creating an opportunity to reposition it for the retail market.
ROI is calculated as estimated profit divided by purchase price plus renovation costs. Figures are preliminary, do not account for financing differences or unforeseen repairs, and are not guaranteed.
WHY INVESTORS SHOULD LOOK AT THIS DEAL
1. Strong comparable sales
Three nearby properties with the same reported 5BR/3BA configuration and 2,845 SF have closed between $820,000 and $880,000.
2. Desirable Grand Palms location
Established Pembroke Pines residential community with strong surrounding property values, attractive neighborhood amenities, and access to shopping, dining, schools, and major transportation routes.
3. Five-bedroom pool-home layout
A substantial two-story floor plan with a screened pool, patio, and two-car garage—features that support its appeal to retail family buyers.
4. Clear renovation opportunity
The property needs cosmetic modernization and attention to reported roof, moisture/mold, and pool equipment issues. An experienced investor has the opportunity to update the home and compete with renovated properties in the neighborhood.
5. Vacant property
No tenant occupancy to coordinate around, allowing an investor to plan renovation and resale without an existing occupant.
The three size-matched sales average $850,000. Final resale value will depend on renovation quality, condition, and market conditions.
POTENTIAL INVESTMENT EXITS
EXIT 1 — FULL RENOVATION & RETAIL RESALE
Purchase the property, complete the necessary renovations, and target a retail resale supported by the surrounding comparable sales.
At a $529K purchase, $160K renovation and $850K resale, the estimated profit after an $85K allowance for holding, closing and resale expenses is $76,000.
EXIT 2 — RENOVATE & HOLD AS A RENTAL
The 5-bedroom configuration, pool, and established residential location may appeal to a long-term rental investor.
Rental income, HOA leasing restrictions, taxes, insurance, and operating expenses have not yet been verified. This exit requires independent rental underwriting and should not be assumed profitable at the asking price.
An investor with an established construction team may be able to complete the renovation below the preliminary $160K allowance, potentially improving the resale margin.
The roof, moisture/mold concerns, and pool condition should be evaluated before relying on a reduced renovation budget.
REHABILITATION OVERVIEW
The property requires substantial updating, including:
Kitchen and bathroom renovations
Flooring, paint, fixtures, and interior modernization
Roof evaluation and potential replacement
Moisture intrusion investigation and mold remediation
Pool pump repair and pool servicing
General repairs, cleanup, and landscaping
Preliminary Rehab: $160,000
This is an underwriting assumption, not a contractor bid. Actual renovation costs may be higher, particularly if the roof or moisture-related repairs are extensive.
PROPERTY DETAILS
Community: Grand Palms Property
Type: Single-Family Residence
Year Built: 1995
Bedrooms: 5
Bathrooms: 3
Living Area: 2,845 SF
Garage: 2-Car
Pool: Screened Pool & Patio
Occupancy: Vacant
Condition: Heavy Rehab / Value-Add
Pirchase Price: $529,000
SCHEDULE YOUR WALKTHROUGH
Grand Palms. Five bedrooms. Pool. Three nearby size-matched sales between $820K and $880K.
Bring your contractor, review the renovation scope, and evaluate the opportunity.
Call Kristin at (480) 336-0347 for more details or to schedule a walk-through.
Property is offered as-is. Buyer to independently verify all property details, repair estimates, comparable sales, HOA requirements, and projected returns.
More About This Property
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ARV $850,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $813,000.
