166 Royal Palm Drive, Fort Lauderdale FL 33301

For sale Days on market 137

NURMI ISLES ISLAND NO 1 [ Single Family Residence ]

$5,500,000

$956/sq ft

$700,000
Price Decreased

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Overview

Bedroom

Bath

Year Built

1996

Garage

Sqft

5752

Property Type

Single Family Residence

Property Description

Preferred east-facing waterfront estate on one of Las Olas Isles' most prestigious streets. Set on a prized 12,000-square-foot lot with 100 feet of deep-water dockage, this timeless residence offers tranquil wide-water views, elegant coastal architecture, and refined living just moments from the beach and Las Olas Boulevard. Spanning nearly 5,800 square feet, the home features expansive entertaining spaces, a first-floor primary suite with private loggia, multiple courtyards and terraces, pool, gazebo bar, fireplace, and three-car garage. A rare opportunity combining premier location, exceptional waterfront, and enduring long-term value. Beaches, fine dining and shopping are minutes away. Royal Palm Drive is favored for its higher elevation, wider, deeper lots and underground utilities. Here is an opportunity supported by both the intrinsic qualities of the property and recent market activity within the Las Olas Isles. This property offers a highly desirable 12,000-square-foot lot with 100 feet of waterfront on a premium street characterized by consistent lot widths and larger surrounding homes an important factor that reinforces long-term value. In this market, waterfront land alone typically commands approximately $35,000 to $50,000 per linear foot, placing significant underlying value on the site itself. Additionally, the residence encompasses 5,752 square feet of interior living space, aligning well with expectations for a property of this scale, where homes generally trade in the range of $1,200 to $1,500 per square foot. The benefit is a combination of a well-proportioned home, strong land value, and a superior location. Premium east-facing waterfront exposure 100 feet of deep-water dockage Large 12,000 SF lot Prestigious street within Las Olas Isles High-quality scale at nearly 5,800 SF Timeless architecture instead of speculative modern construction Proximity to beach and Las Olas

Property Details

MLS#

F10545720

Garage

Total Floor in Bldg

Building

NURMI ISLES ISLAND NO 1

Address

166 Royal Palm

City

Fort Lauderdale

State/county

Zip/Postal Code

33301

Area

Nurmi Isles Island No 1,las Olas Iales

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$77,509

Maint Fee

$--

Tax Year

2025

Dishwasher

Disposal

Dryer

Microwave

Refrigerator

Canal

Canal View

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