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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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    What's special

    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

    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

    DateEventPrice
    6/2/2025Sold$2,000,000-16.5%$1,035/sqft
    Source: Public Record Report a problem
    5/17/2025Pending sale$2,395,000$1,240/sqft
    Source: BeachesMLS #F10481989 Report a problem
    4/17/2025Price change$2,395,000-4.2%$1,240/sqft
    Source: BeachesMLS #F10481989 Report a problem
    1/15/2025Listed for sale$2,500,000+5455.6%$1,294/sqft
    Source: BeachesMLS #F10479283 Report a problem
    8/1/1986Sold$45,000$23/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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 schools

    GreatSchools rating
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    Estimated market value
    $1,981,900
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    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