$1,300,000
Offered for Land Value
For Sale By Owner
Schedule Viewings through Website
8,580 sqft Lot in the heart of Fort Lauderdale's best Zip Code, RML-25 Zoning allows up to 4 New Units!
Bring your vision and build new!
Excellent Redevelopment Opportunity: Existing structure has no contributory value and is offered strictly "As Is" for teardown and new construction purposes. Lot is a spacious 60 ft by 143 ft. 99% of Property is in Flood Zone X.
Lot tours available daily 8am to 5pm with appointment. Access to interior of existing structure only during Inspections Period. Property is Owner Occupied.
Redevelopment Opportunity
This property being offered For Sale By Owner for LAND VALUE only.
Please Read all of the below before initial tour of Property.
Recently appraised, in present condition, at $1,900,000 by Seller's Mortgagee, the 902 SE 12th CT Parcel has an estimated $6,000,000 Market Value when redeveloped to its, highest, best Zoned use. Property and surrounding area have a proven history of steady, consistent, market value appreciation for more than 30 years.
Offered for sale at $1,300,000, the Parcel provides Developers with an exceptional investment potential of at least 40-60% ROI after purchase and redevelopment, due to its rare combination of being a well-situated oversized lot with very flexible RML 25 multifamily zoning in the best zip code in Fort Lauderdale. The Parcel is approved for Zero Lot line single family homes, or up to four townhouses (duplex and triplex cluster and carriage complexes are also allowed). Maximum roof height of new construction is 35 feet; maximum population density is 25 people per acre. Roof top terrace retaining walls and mechanical rooms are not counted in building height.
For those seeking to build for themselves, the 902 SE 12th CT Parcel provides an excellent opportunity for 2-4 homeowners to use their combined purchase power to buy and build the perfect complex for themselves for less than if they bought individually in this zip code, or for a single purchaser to take advantage of HUD's loans for multifamily complexes when the Mortgagor lives in one of the units, to buy and build to suit their personal needs, while creating income generating potential.
There is no HOA, and long-term, short-term, and vacation rentals are all allowed for this Parcel.
99% of the property is currently NOT in a mandatory Flood Zone. 99% of the property is in Flood Zone X, which permits Flood Insurance but does not require it. A very small portion of the rear Southwestern Setback is in Zone AE, which is a mandatory Flood Insurance Zone, however, it is only mandatory if the Zone overlaps with the structure, which it does not presently and would be unlikely to do in the future as it is fully contained within the Setback. A copy of Seller's Florida Flood Disclosure can be found here. A signed copy will be emailed to you when your property tour is confirmed, or upon request.
There is currently one existing structure on the property, a 2104 sqft CBS/crawlspace, one story house built in 1952, with two stick frame additions built at unknown dates (one with concrete slab foundation). This structure has no contributory value and is best viewed as a tear-down, providing a clean slate for new construction. The estimated demolition cost for the existing structure is approximately $25,000. For informational purposes only, a video of the interior of the existing structure from April 2025 and a current floor plan are below. Physical access to the existing structure will be provided during the Inspections Period after the execution of a Contract to Purchase the Property. Seller's Lot and Structure Disclosures can be found here. A signed copy will be emailed you when your property tour is confirmed, or upon request.
A copy of the ATLA Title Insurance Commitment report issued in 2025, is available upon request. The Broward County FEMA Flood Map is online, and can be searched by address. A still image of the Property from the Flood Map can be found below for your convenience. A copy of Seller's Boundary Survey from September 2025, along with the original Boundary Survey from when Seller purchased property in 1996, are below.
Seller's Lead Disclosure can be found here. A copy will also be emailed you when your property tour is confirmed, or upon request. You can download a copy of the EPA pamphlet, "Protecting Your Home from Lead" in English, here. If you need the pamphlet in other languages, please visit the EPA's website: Protect Your Family from Lead in Your Home (English) | US EPA. Copies of Seller's May 2025 inspections of the existing structure's Lateral Sewer Line, Mold Risk, and Termites are available upon request, as are the Radon test from February 2026. The existing Structure has a transferrable Termite Tenting policy in place. For your convenience, you may access the Broward County Property Appraiser's page for 902 SE 12th CT here.
Lot tours are available by appointment 7 days a week between 8am and 5pm. All appointments must be made through this website, there is an Online Booking link in the top menu, or scroll to end for the online form. Please fill out form completely with potential Buyer's information, not Agent's information. For early morning to midday appointments, please schedule by the night before, otherwise allow up to 3 hours to receive confirmation for same day appointments. If you do not receive a confirmation, you do not have an appointment.
Unbeatable Location
902 SE 12th Ct is centrally located in the heart of Fort Lauderdale.
General Area
With easy access to I95, I595, I75, the Florida TurnPike, US 1/Federal Highway, and A1A, you are always an easy trip to anywhere in South Florida and beyond.
Close to Area Attractions
Discover the joy of being less than 5 miles from anything you need or want to do: Distance to Convention Center, 1.5 miles. Distance to Ft. Lauderdale International Airport, 3.3mi. Distance to Ft. Lauderdale Beach, 2.5mi. Distance to Las Olas, 2.5mi. Distance to AutoNation IMAX, Museum of Science & Discovery, and the Broward Center for the Performing Arts, 2.0mi.
The Neighborhood
The property is one block south of Rio Vista and one block west of Lauderdale Harbors. In addition to a hiking/biking path at the end of the street, the Lauderdale Marina, Fifteen Street Fisheries, and Lauderdale Yacht Club are all only 1.3mi away. The playground at Virinia Young Park is 0.8mi away, and the natural beauty of Cliff Lake Park and Hector Park are both just 0.7mi away. Highly rated Harbordale Elementary School is 0.6mi away. You have your choice of Pubix, Whole Foods, and Winn Dixie.
Not in Mandatory Flood Zone
When FEMA updated the Flood Zone Maps for Harbordale in 2024, the property's elevation kept it out of the Mandatory Flood Zone. To check the flood map, enter the address here.
Access Seller's Flood disclosure here.
Large Lot
It is rare to find almost a quarter acre in Ft. Lauderdale. The 60ft x 143ft lot has ample frontage and depth for many types of redevelopment projects. Additionally, the property is already metered by FPL for 3 units. Access Seller's Lot and Structure disclosure here and Lead disclosure here.
Live Oaks, Banyons, and Royal Palms
Despite being in the center of Broward's largest city, both the property and the area around it are surrounded by beautiful, lush mature Live Oaks, Banyons, and Royal Palms. The property is full of healthy, mature trees that can be incorporated in redevelopment landscaping or sold for profit. Quiet, peaceful, beautiful.
Details
Offered for Land Value/Redevelopment Only,
"As Is Where Is, with All Faults"
Please read all of the below BEFORE touring property
It is understood that the value of this property is in the land, and the current structure is assumed to be a tear down, acquired for demolition of existing structure to make way for new construction that permits the property to reach its fullest potential and highest and best use.
All contracts must include language that states clearly that the land is the source of the value; that the Buyer is purchasing the property for the purpose of tearing it down and replacing it with new construction; and that the Buyer is solely responsible for securing demolition and construction permits and plans, as well as for making all arrangements and covering all costs associated with said demolition and new construction. Additionally, all Contracts must include a Kick Out Clause. The Florida Realtors As Is form Contract is inadequate.
Seller will NOT execute a contract for the sale of 902 SE 12th Ct using the Florida Realtors As Is form Contract.
Buyer is strongly encouraged to submit Offer using Seller's preferred Contract available here. If Buyer chooses to submit their own preferred Contract, they are strongly encouraged to do so only after reviewing Seller's preferred contract.
Copies of all three Seller's Disclosures are included in Seller's Contact, as is a Rider for Buyer Home Sale Contingency. The only version of the Buyer's Home Sale Contingency Seller will accept is one Seller drafted, available here. Signed copies of all of the Seller's Disclosures will be included with all property viewing appointment confirmation emails.
Seller requires nonrefundable $100 Good Faith Deposit due upon signing, in addition to the primary Earnest Money Deposit due within 3 days of execution of sale..
All Cash offers must include a Proof of Cash on Hand Letter. All Financing Offers must include Loan Pre-Approval Letter. Both must be current and from reputable Lenders/Banks.
Seller is not offering to pay any portion of Buyer's Agent's Commission or Fees, nor will Seller sign any representation or commission Agreement with Buyer's Agent or Broker.
Inquiries/Offers may be submitted by email to admin@902house.com or delivered by courier to 902 SE 12th CT 33316. Phone numbers and personal emails will only be exchanged once a Contract for Sale is executed. Buyer's and Agents may deal directly with Seller or with Seller's Attorney-in-Fact, Kelly Milam, depending on availability. Seller's Attorney-in-Fact can provide copies of the Power of Attorney if necessary.
The Property:
Owner occupied.
8,580 SF Lot
60.00 FT of Frontage, 143.00 FT Deep
Front Setback 25 FT (Redevelopment Setback between 15-25 ft, depending on type of structure erected)
Side Setbacks 5 FT (up to 22 feet in height, then 1 foot in Setback added per foot in height up to 35 ft max, rooftop terrace walls and mechanical rooms not included in building height)
Rear Setback 20 FT (Redevelopment Setback between 15-25 ft, depending on type of structure erected).
Zoned Single and Multi RML-25 (residential, multifamily, low-rise, up to 35 feet in height, and population density of 25 people/acre).
Flood Zone X (99% of property), a small portion of Southwestern Setback is in Zone AE (mandatory if structure falls within Zone) (i,e, 99% of Lot is not in a mandatory Flood Zone, but the far SW corner of the backyard (about 4 sqft) does fall with in mandatory Zone AE). HUD does not require flood insurance currently, as no part of the current structure touches the Mandatory Zone, and it is unforeseen that new construction would touch the Mandatory area, as the area falls within both the Western and Southern Setbacks.
Property perimeter is enclosed by polyvinyl fence on all sides.
Existing one-story structure is 2,104 SF, and was built in 1952 of CBS Construction, with two additions built at unknown times before 1996, of stick frame construction. It is in habitable condition to the best of Seller's knowledge and is currently owner/seller occupied. The original structure and the rear addition are both raised crawlspace construction. The western step-down addition is concrete slab foundation at grade. The original pitched roof is covered by concrete barrel tile. The flat roof is tar and asphalt under silicon. None of the three existing roofs have leaks or structural issues of which Seller is aware, outside of damage to shed.
Lot is already metered for 3 units by FPL.
Lot is already metered for natural gas by TECO.
Property has a Termite Tenting Policy. The Property has been tented twice since 2000. There is no structural damage to the main structure from termites to the best of Seller's knowledge. However, the outside shed does have termite damage in the SE corner.
On May 1, 2025, Seller had the complete lateral sewer line scoped. This was the summary: "[4Star Plumbing] performed a sewer camera inspection of the drain line of 902 SE 12 Court today. A copy of the video was given to [the homeowner] by the technician. In the video we go from the rear bathroom 'clean-out'...to the city connection. We found cast iron piping showing moderate scale buildup and some water holding in the line. There were no major issues seen (cracks, breaks, roots, or bellies)."
On May 6, 2025, Seller had the Existing Structure inspected for Mold by United Mold Inspections. The results were NORMAL: "Mold counts are within Normal Range and there is no indication, based on the mold counts, that there is any exposure concern to the occupants."
On May 9, 2025, Seller had the Property inspected for Termites by PDQ Termite Company. There was no evidence of live termites anywhere in the house. The only insect damage found in the house was old damage, openly disclosed above, in the outdoor storage shed: "No live termite evidence was found on interior or exterior of property. Previous termite damage/evidence was found in exterior shed. We do not see any kick out exit holes for the Frass...property was tent Fumigated by us in 2019 and has been kept and is under warranty until December 25 2025." The Policy was renewed and is good through December 2026.
In February 2026, Seller had the existing structure tested for Radon. The Radon levels were found to be less than 1.5 p Ci/L and less than the minimum detectable level.
Available upon request: Copies of Property's ATLA Title Insurance Commitment Report from 2025, along with a Boundary Survey from July 2024 (Seller has three surveys, the 2025 is the most recent).
The property is strictly and firmly AS IS. No improvements, repairs or discounts will be made to the structure.
The following fixtures are excluded, even if present at the time of contracting: the gas stove; the refrigerator; the dishwasher; the trash compactor; and the instant wall-mounted water heater (it belongs to TECO).
Wholesalers are strongly discouraged from making inquiries or submitting offers. Seller's property appraised at more than 2.5 times Seller's mortgage, the property is not eligible for Short Sale. Buyers or Agents/Brokers requesting such will be barred from future access/negotiations. Seller has a very high mortgage, offers at or below Seller's Mortgage, will not be acknowledged. Offers significantly below value of property will not be acknowledged.
Any inspections, evaluations, and appraisals commissioned by the Buyer are for the Buyer's edification solely. Seller is not requesting, does want, and will not accept copies or findings from Inspection Reports, whether verbal or written, that Seller did not commission.
Gallery
Disclaimer
This website is intended for informational purposes only. The property is in "As is, Where is" condition, and is presumed to be a tear down. Seller makes no offer, guarantee, or agreement to alter, repair, or improve the property. All information is provided to the best of our knowledge at the present time.