Sunny Shores

4213 El Mar Drive,

Lauderdale-by-the-Sea, FL 33308

Price:
$2,500,000
Total Units:
6
Number of Buildings:
1
Number of Stories:
2
Years Built:
1954
Zoning
RM-25
Living Area:
3,694 Square Feet (*BCPA)
Lot Size:
5,758 Square Feet (*BCPA)
Type of Ownership:
Fee Simple
Utilities – Water:
City of Lauderdale By The Sea – Paid by Owner
Utilities – Electric:
FPL – Paid by Tenant
HVAC:
Central Air Conditioning

INVESTMENT OVERVIEW

The Thomas Team of Marcus & Millichap are pleased to present Sunny Shores, a six-unit multifamily property located at 4213 El Mar Drive in Lauderdale-by-the-Sea, Florida.

SUBJECT PROPERTY
Sunny Shores was constructed in 1954 of concrete block and painted stucco with a flat roof. The two-story building contains 3,694 square feet of living area and sits on a 5,758-square-foot lot, according to the Broward County Property Appraiser. The unit mix consists of two studio apartments, one one-bedroom/one-bathroom apartment, and three two-bedroom/one-bathroom apartments. Units feature ceramic tile flooring, modern kitchens and bathrooms, stainless steel appliances, and central air conditioning.

In addition to its current configuration, ownership is operating Sunny Shores as traditional apartments; however, the property’s layout, location, and historical use also make it well-suited for short-term vacation rentals. A future investor may explore repositioning the asset back to short-term or seasonal accommodations, subject to municipal regulations and permitting requirements.

LOCATION
Sunny Shores is ideally positioned along El Mar Drive, just north of Commercial Boulevard and one block west of Ocean Boulevard (A1A). The property is within walking distance of Lauderdale-by-the-Sea’s vibrant beachfront, shops, and restaurants, including BurgerFi (0.2 miles), Aruba Beach Café and Anglins Pier (0.3 miles), and Publix Super Market at Sea Ranch Village (0.9 miles). Additional nearby points of interest include Kaluz Restaurant (0.8 miles), CVS (1.7 miles), and Galt Ocean Plaza (1.3 miles), as well as Coral Ridge Country Club (2.0 miles), The Fresh Market (2.6 miles), and Fort Lauderdale–Hollywood International Airport (10.3 miles).

Lauderdale-by-the-Sea is a highly sought-after beachfront community known for its small-town charm, pedestrian-friendly design, and vibrant tourism economy. The area features boutique hotels, open-air dining, live music, and one of South Florida’s most popular beach diving and snorkeling reefs. Its relaxed coastal atmosphere and steady year-round visitor activity make it an appealing environment for both long-term residents and seasonal guests.

Nearby educational facilities include Bayview Elementary School (4.0 miles), Sunrise Middle School (4.7 miles), and Fort Lauderdale High School (4.8 miles).

SUMMARY
Sunny Shores is being offered for sale at $2,500,000, or $416,667 per unit.

INVESTMENT HIGHLIGHTS

  • 6-Unit Apartment Building on El Mar Drive located Directly Across from Beach in Lauderdale-by-the-Sea
  • $137,236 Average Household Income within 1-Mile and 7.2% Population Growth since 2010 (Experian)
  • Mix of (2) Studio’s, (1) One-Bedrooms and (3) Two-Bedroom Apartments (~615 Square Foot Avg Unit)
  • All Current Leases are Month to Month allowing a Buyer Flexibility to Convert to Short Term Rentals
  • Located in the Heart of Lauderdale-by-the-Sea walkable to the Beach, Anglins Pier, Shops, Restaurants
  • Convenient Access to North Ocean Drive (A1A), Commercial Boulevard and Federal Highway (US-1)

EXCLUSIVELY LISTED BY

ETHAN KRAUSS

Director Investments
Tel: (954) 245-3503
FL SL 3552519
ethan.krauss@marcusmillichap.com
North Broward & Palm Beach Counties

JOSEPH THOMAS

Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
License: SL FL 3174354
joseph.thomas@marcusmillichap.com

Sunny Shores