NURMI ISLES ISLAND NO 1,Las Olas Iales
166 Royal Palm Drive, Fort Lauderdale FL 33301
5 beds · 5.5 baths · 5,752 ft²
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
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Market insights for Fort Lauderdale
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
October 2026
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).
| 7/1/2026 | Sold | $5,500,000 |
| 5/6/2026 | Price change | $5,500,000-11.3% |
| 1/23/2026 | Listed 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
Estimated Monthly Payment
$34,007/mo
Principal & Interest
$29,273
Property Tax
$4,583
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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