BRING ALL OFFERS! Unique Opportunity to live in the most desirable Island in Broward County. Over 125 feet on water with enormous potential to match some of the upscale homes in the area. Single-family home built in 1953, featuring 2 bedrooms and 2 bathrooms, totaling 1,932 square feet. Terra Mar is an exclusive island community comprising approximately 185 homes, surrounded by the Intracoastal Waterway & accessible via a private bridge & gate. Residents enjoy a serene environment with direct ocean access & no fixed bridges, making it a boater's paradise. The neighborhood offers a private deeded beach club equipped with a cabana, showers, grills, and picnic areas, enhancing the resort-style living experience. Lauderdale-by-the-Sea is renowned for its charm that appeals residents & visitors
Sold for $2,000,000
$2,000,000
1940 E Terra Mar Dr, Lauderdale By The Sea, FL 33062
2beds
1,932sqft
Single Family Residence
Built in 1953
-- sqft lot
$1,981,900 Zestimate®
$1,035/sqft
$4,457 Estimated rent
Home value
$1,981,900
$1.76M - $2.22M
$4,457/mo
Zestimate® history
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$14,197/mo
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Zillow last checked:
Source: BHHS broker feed,MLS#: F10481989
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer
Features
- Cable Ready
Interior area
- Total structure area: 1,932
- Total interior livable area: 1,932 sqft
Property
Features
- Patio & porch: Deck
- On waterfront: Yes
- Waterfront features: Waterfront
- Frontage type: Waterfront
Details
- Parcel number: 494306200020
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1953
Community & HOA
Location
- Region: Lauderdale By The Sea
Financial & listing details
- Price per square foot: $1,035/sqft
- Tax assessed value: $1,120,350
- Annual tax amount: $20,606
- Date on market: 5/17/2025
- Lease term: Contact For Details
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2025 | Sold | $2,000,000-16.5%$1,035/sqft |
Source: Public Record Report a problem | ||
| 5/17/2025 | Pending sale | $2,395,000$1,240/sqft |
Source: | ||
| 4/17/2025 | Price change | $2,395,000-4.2%$1,240/sqft |
Source: | ||
| 1/15/2025 | Listed for sale | $2,500,000+5455.6%$1,294/sqft |
Source: | ||
| 8/1/1986 | Sold | $45,000$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,606 +212.5% | $1,120,350 +163.5% |
| 2024 | $6,594 +2.5% | $425,240 +3% |
| 2023 | $6,436 +6.9% | $412,860 +3% |
| 2022 | $6,019 +3.4% | $400,840 +3% |
| 2021 | $5,819 -6.1% | $389,170 +1.4% |
| 2020 | $6,194 +1.7% | $383,800 +2.3% |
| 2019 | $6,090 | $375,180 +1.9% |
| 2018 | $6,090 +3.2% | $368,190 +2.1% |
| 2017 | $5,899 +0.6% | $360,620 +2.1% |
| 2016 | $5,867 -0.8% | $353,210 +0.7% |
| 2015 | $5,916 +2.2% | $350,760 +0.8% |
| 2014 | $5,791 | $347,980 -31.9% |
| 2013 | $5,791 +2.2% | $510,710 +2% |
| 2012 | $5,666 +3.4% | $500,830 |
| 2011 | $5,480 -0.3% | $500,830 +55.3% |
| 2010 | $5,495 +6.3% | $322,470 +2.7% |
| 2009 | $5,170 -5.3% | $314,000 +0.1% |
| 2008 | $5,462 +2.9% | $313,690 +3% |
| 2007 | $5,308 -9.9% | $304,560 +2.5% |
| 2006 | $5,890 | $297,140 +3% |
| 2005 | -- | $288,490 +3% |
| 2004 | $6,030 -3.6% | $280,090 +1.9% |
| 2003 | $6,255 -8.1% | $274,870 +2.4% |
| 2002 | $6,805 +2.2% | $268,430 +1.6% |
| 2001 | $6,657 +6.9% | $264,210 |
| 2000 | $6,228 | -- |
Find assessor info on the county website
Neighborhood: 33062
Nearby homes
- $3,652,0005 bd6 ba4.7k sqft1960 E Terra Mar Dr, Lauderdale By The Sea, FL 33062Off Market
- $2,473,9003 bd3 ba2.9k sqft1920 E Terra Mar Dr, Pompano Beach, FL 33062Off Market
- $1,312,5003 bd2 ba1.5k sqft1955 E Terra Mar Dr, Pompano Beach, FL 33062Off Market
- $1,583,9003 bd3 ba1.5k sqft3280 S Terra Mar Dr, Pompano Beach, FL 33062Off Market

- $2,237,4005 bd4 ba4.9k sqft1960 Terra Mar Dr, Fort Lauderdale, FL 33062Off Market
- $1,165,7003 bd2 ba1.6k sqft1915 E Terra Mar Dr, Lauderdale By The Sea, FL 33062Off Market
- $927,5002 bd2 ba1.5k sqft3271 S Terra Mar Dr, Lauderdale By The Sea, FL 33062Off Market
- $1,546,3004 bd3 ba1.9k sqft1900 E Terra Mar Dr, Lauderdale By The Sea, FL 33062Off Market
Nearby schools
GreatSchools rating
- 8/10McNab Elementary SchoolGrades: PK-5Distance: 1 mi
- 5/10Pompano Beach Middle SchoolGrades: 6-8Distance: 2.2 mi
- 4/10Blanche Ely High SchoolGrades: 9-12Distance: 3.1 mi
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Estimated market value
$1,981,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,981,900
- Florida
- Broward County
- Fort Lauderdale
- 33062
- 1940 E Terra Mar Dr