Rare Coastal Opportunity in the Heart of Pompano Beach! Just blocks from the beach, 524 N Riverside Drive offers an exceptional opportunity for developers, investors, or buyers looking to create their dream coastal home. Zoned RM-45, this prime property presents outstanding potential for new construction, including luxury townhomes or multifamily development, subject to municipal approvals. Prefer to renovate? The existing home offers great potential for a stunning transformation in one of Pompano Beach's most desirable neighborhoods. Located just minutes from the Pompano Beach Pier, waterfront dining, and shopping, this property combines an unbeatable location with incredible upside. Available for purchase individually or together with the adjacent property at 518 N Riverside. Adjacent property at 518 N Riverside Drive is also available for purchase. Buy one or combine both parcels for an expanded development opportunity. Existing home offers renovation potential or redevelop under RM-45 zoning. Buyer to verify zoning, density, land use, and development potential with the City of Pompano Beach.
Beach, located between the Atlantic Ocean and Intracoastal Waterway, is a coastal and resort-style Pompano Beach neighborhood with a wide sandy shoreline and a pier-centered beachfront. The neighborhood’s character concentrates around Atlantic Blvd and A1A, where beach bars, seafood kitchens, surf shops, and oceanfront promenades set a breezy, walkable rhythm. The Pompano Beach Pier acts as a daily landmark for sunrise strolls and fishing lines. The Pompano Beach Amphitheater and the Cultural Center bring concerts, exhibits, and community programming into the beach grid. Mid-century condos and newer waterfront buildings line palm-shaded streets near the sand. Parks and the Intracoastal create a steady backdrop for paddling, cycling, and open-air afternoons.
Provided by Walk Score and Local Logic
Market insights
524 N Riverside Dr · $905,000
DAYS ON MARKET
64 days
The average home goes pending in 60 days.
SALE-TO-LIST
96.9%
Most homes are selling 3% below list price.
LIST PRICE
$905,000
Median sale price in this area is $633,250. (30% lower than this home)
PRICE DROP
0 price drops
17% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Entrance foyer
Casement windows
Bedrooms
3 bedrooms on the main level
Bathrooms
2 full bathrooms on the main level
Kitchen
Dishwasher
Electric range
Refrigerator
Laundry & utility
Laundry closet
Flooring
Tile
Heating & cooling
Central heating
Central air conditioning
Exterior features
Open porch
Porch
Paved road access
Not waterfront
Home design
Single family residence
One story
Entry level 1
North-facing
Parking
Driveway with gravel and on-street parking (2 open spaces total)
Construction
Stucco and CBS construction
Metal roof
1,578 living area (assessor)
1 story total
Building area reported as 1,722
Utilities
Public water
Public sewer
Electricity connected (150 Amp service)
Financial info
No pets allowed (per listing)
Electricity and solar
View estimated energy costs and solar savings for this home
The Multiple-Family Residence 45 (RM-45) district is established and intended to accommodate primarily multifamily dwellings including townhouse development including community residences and recovery communities at high densities. The district also accommodates single-family and two-family dwellings, zero-lot-line development, assisted living facilities, and continuing care retirement communities. Limited neighborhood-serving nonresidential uses, as well as office buildings, financial institutions, hotels/motels, and condo hotels, are allowed as Special Exceptions.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Communications tower
Park & open space
Aug 30, 2022 • Final
A~ building application with co commercial
Electrical
Aug 10, 2019 • Final
A~ mechanical application
Install electrical hookup for an air conditioning unit.
Electrical
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
8/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 106° expected this year, 23 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Pompano Beach, FL • 33062
Average low and high temperatures (°F)
74
60
76
64
79
67
81
73
87
77
88
79
89
79
90
79
88
78
84
76
81
69
78
66
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 524 N Riverside Dr
$871,584
$33K under list price of $905K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $515K to $1.2M.