633 4th Key Dr

Build-to-sell, capital back at exit

Fort Lauderdale Las Olas Isles tear-down at $4.995M, 0.27-acre canal lot. Real PDF proforma: 8,000 sqft new build at $600/sqft, 24-month cycle, $12.88M total expenses, $18M downside exit, $22M upside.

633 4th Key sits in the premium tier of Las Olas Isles ground-up arithmetic. PDF lines: $4.995M lot + $31.5K closing, $340K soft cost (includes $60K demolition), $120K premium permits, $5.25M hard cost (8,000 sqft × $600 + $450K pool/landscape/driveway), $200K lighting + closets, $190K property tax during construction at the higher Broward / Las Olas rate (~1.85%/yr), $50K insurance, $800K interest. Sells + realtor on a $22M upside add another $900K. Total expenses $12.877M. Downside exit $18M (39.8% ROI), upside $22M (70%).

Address

633 4th Key Dr

City

Fort Lauderdale, FL

ZIP

33301

Beds

—

Baths

—

Living sqft

—

Lot sqft

11,761

Year built

—

Waterfront

CANAL

Real cost waterfall from sponsor proforma — 24-month build cycle, ground-up basis. Lines below are project cash expenses through completion and disposition, including property tax during the hold period.

Source: sponsor proforma · figures are forward-looking estimates · not a guarantee of return