NURMI ISLES ISLAND NO 1,Las Olas Iales

166 Royal Palm Drive, Fort Lauderdale FL 33301

5 beds · 5.5 baths · 5,752 ft²

Closed

$5,500,000

11.29%

Est. Payment $29,273/mo

MLS Sheet Video

5

Bedrooms

5.5

Bathrooms

5,752

Sq. Ft.

1996

Year Built

3

Garage

2

Stories

137

Days on Market

Description

Preferred east-facing waterfront estate on one of Las Olas Isles' most prestigious streets. Set on a prized 12,000-square-foot lot with 100 feet of deep-water dockage, this timeless residence offers tranquil wide-water views, elegant coastal architecture, and refined living just moments from the beach and Las Olas Boulevard. Spanning nearly 5,800 square feet, the home features expansive entertaining spaces, a first-floor primary suite with private loggia, multiple courtyards and terraces, pool, gazebo bar, fireplace, and three-car garage. A rare opportunity combining premier location, exceptional waterfront, and enduring long-term value. Beaches, fine dining and shopping are minutes away. Royal Palm Drive is favored for its higher elevation, wider, deeper lots and underground utilities. Here is an opportunity supported by both the intrinsic qualities of the property and recent market activity within the Las Olas Isles. This property offers a highly desirable 12,000-square-foot lot with 100 feet of waterfront on a premium street characterized by consistent lot widths and larger surrounding homes an important factor that reinforces long-term value. In this market, waterfront land alone typically commands approximately $35,000 to $50,000 per linear foot, placing significant underlying value on the site itself. Additionally, the residence encompasses 5,752 square feet of interior living space, aligning well with expectations for a property of this scale, where homes generally trade in the range of $1,200 to $1,500 per square foot. The benefit is a combination of a well-proportioned home, strong land value, and a superior location. Premium east-facing waterfront exposure 100 feet of deep-water dockage Large 12,000 SF lot Prestigious street within Las Olas Isles High-quality scale at nearly 5,800 SF Timeless architecture instead of speculative modern construction Proximity to beach and Las Olas

Facts

MLS#
F10545720
Subdivision
NURMI ISLES ISLAND NO 1,Las Olas Iales
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
1996
Lot Size
12,197 ft²
Sq. Ft.
5,752 ft²
Sq. Mt.
534 m²
Price per sq. ft.
$956/ft²
Price per sq. mt.
$10,300/m²
Stories
2
Garage
3 spaces
Pool
Private
Days on Market
137 days
Listed
Jan 23, 2026
Last Updated
Jul 1, 2026
Price/Lot Sq.Ft.
$451/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Fort Lauderdale

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

Sellers market

October 2026

100/100
Buyers marketSellers market

52

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).

7/1/2026Sold$5,500,000
5/6/2026Price change$5,500,000-11.3%
1/23/2026Listed for sale$6,200,000

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

Location

166 Royal Palm Drive, Fort Lauderdale FL 33301Directions

Estimated Monthly Payment

$34,007/mo

Principal & Interest

$29,273

Property Tax

$4,583

Insurance

$150

HOA

$0

20% ($1,100,000)
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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166 Royal Palm Drive, Fort Lauderdale FL 33301 | $5,500,000 | Rangely Adames Miami Real Estate