3140 NE 9th Terrace, Pompano Beach FL 33064

Description

Single-family concrete block home on a 6,020 sq ft lot with no HOA, a NEW ROOF and offered at an intentionally compelling price point in a Pompano Beach neighborhood showing measurable signs of growth. This 2-bedroom, 2-bath residence is located just west of Lighthouse Point, a neighboring coastal market where pricing is substantially higher, while offering similar access to beaches, boating, Federal Highway, and I-95. The positioning creates a clear value gap as buyers continue to move west in search of attainable single-family inventory. The property locations benefits from proximity to the $2 billion Downtown Pompano Beach Innovation District, a funded public-private redevelopment centered along Atlantic Boulevard and Dixie Highway. The city is actively investing in infrastructure, including major drainage and roadway improvements supported by a $64.5 million revenue bond, alongside new civic and cultural anchors. These investments are projected to generate significant long-term economic activity and job growth, which historically drives increased demand in surrounding residential areas. Comparable renovated homes in the immediate Cresthaven area are between $425,000-$475,000, supporting a value-add opportunity through renovation, expansion, or long-term hold. The lot size allows flexibility for outdoor improvements, future enhancements, or alternative use strategies subject to local zoning and permitting. No association restrictions provide added utility, including flexibility for boat or RV parking in compliance with city code. Property taxes are currently low due to long-term ownership and will be reassessed after sale. Well-located, flexible, and positioned below modeled value, this property offers a rare entry point into a single-family market with multiple upside paths.