Building Description
Executive Summary
Marcus & Millichap is pleased to present Coral Reef Waterfront Rentals, a 10-unit waterfront multifamily property located at 3024 SE 10th Street in Pompano Beach, Florida. Built in 1964, the property consists of a two-story building totaling 6,058 square feet on a 0.30-acre lot, constructed of concrete block with a flat roof. The property is comprised entirely of 10 one-bedroom/one-bathroom units averaging approximately 606 square feet, each equipped with full kitchens, wall-unit air conditioning and balcony/patio space. Recent upgrades include hurricane impact windows and doors throughout, enhancing durability and reducing future capital needs. Coral Reef offers a rare waterfront setting with direct ocean access, featuring approximately 90 feet of dock space, making it highly attractive for both seasonal renters and long-term tenants seeking a coastal lifestyle. Additional amenities include an on-site swimming pool, laundry facility, office and storage space, thus further enhancing tenant appeal and rental potential.
Ideally located east of the Intracoastal Waterway on the barrier island, the property is just minutes from Pompano Beach, the Fisher Family Pier, and the Pompano Beach Fishing Village, which features upscale dining, retail, and entertainment. The surrounding area continues to see significant redevelopment activity, including new luxury residential and mixed-use projects that are driving long-term demand and increasing property values.
Coral Reef Waterfront Rentals presents a unique opportunity to acquire a waterfront asset with short-term rental upside in one of Broward County’s most desirable coastal submarkets.
Approved Uses by Zoning — Multiple-Family Residence 20 (RM-20)
Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.
Allowed by right
Dwelling, Multifamily, Dwelling, Single-Family, Dwelling, Two-Family, Family Community Residence, Transitional Community Residence, Recovery Community, Continuing Care Retirement Community, Nursing Home Facility, Arboretum or Botanical Garden, Community Garden, Park or Plaza, Utility Use, Minor
With special approval
Dwelling, Single-Family (Zero Lot Line), Rooming or boarding house, Community Center, Library, Museum, Senior Center, Youth Center, Adult Day Care Center, Child Care Facility, School, Elementary, Fire or EMS Station, Police Station, Post Office, Place of Worship, Professional Office, Bank or Financial Institution, Condo Hotel, Bed and Breakfast Inn, Hotel or Motel, Eating and Drinking Establishment as accessory use to a hotel/condo hotel (special exception; hotel or condo hotel must have 50+ rooms), Golf Course
Read the full RM-20 zoning guide ›
