Terra Mar Island Estates,Terra Mar Island Est

1940 E Terra Mar Drive, Lauderdale By The Sea FL 33062

2 beds · 2 baths · 1,932 ft²

Closed

$2,395,000

4.20%

Est. Payment $12,747/mo

MLS Sheet Video

2

Bedrooms

2

Bathrooms

1,932

Sq. Ft.

1953

Year Built

1

Stories

100

Days on Market

Description

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

Facts

MLS#
F10481989
Subdivision
Terra Mar Island Estates,Terra Mar Island Est
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
1953
Lot Size
10,498 ft²
Sq. Ft.
1,932 ft²
Sq. Mt.
179 m²
Price per sq. ft.
$1,240/ft²
Price per sq. mt.
$13,380/m²
Stories
1
Garage
Pool
Days on Market
100 days
Listed
Jan 19, 2025
Last Updated
Aug 12, 2026
Price/Lot Sq.Ft.
$228/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Lauderdale By The Sea

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

September 2026

100/100
Buyers marketSellers market

55

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

8/12/2026Sold$2,395,000
4/18/2025Price change$2,395,000-4.2%
1/19/2025Listed for sale$2,500,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

1940 E Terra Mar Drive, Lauderdale By The Sea FL 33062Directions

Estimated Monthly Payment

$14,893/mo

Principal & Interest

$12,747

Property Tax

$1,996

Insurance

$150

HOA

$0

20% ($479,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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