THE OCEANFRONT PENTHOUSE UNDER $3 MILLION SMART MONEY SHOULD KNOW

THE OCEANFRONT PENTHOUSE UNDER $3 MILLION SMART MONEY SHOULD KNOW

$2.695M | 2,572 SF | ~$1,048/SF | DIRECT OCEAN | LAUDERDALE-BY-THE-SEA

1. THE BASIS: ~$1,048/SF

MPH02 gives you 2,572 SF of direct-ocean penthouse real estate for $2.695M.

The trade isn’t “old versus new.”

It’s:

WHAT ARE YOU PAYING PER SQUARE FOOT FOR IRREPLACEABLE OCEANFRONT REAL ESTATE?

Instead of paying the new-development premium, buy the established asset at a lower basis.

2. THE VALUE-ADD: BUY DATED. CREATE MODERN.

The dated interior may actually be the opportunity.

Invest approximately $150K–$250K into:

Kitchen. Bathrooms. Floors. Lighting. Millwork.

Potential basis after renovation:

~$2.85M–$2.95M BEFORE TRANSACTION COSTS

You’re effectively creating your own modern oceanfront penthouse instead of paying someone else the markup.

3. THE CATALYST: NEW LUXURY CONSTRUCTION

Ritz-Carlton. Waldorf Astoria. Armani/Casa. W.

A wave of higher-priced luxury development is transforming the Pompano/Fort Lauderdale oceanfront corridor.

Those projects can bring:

Higher pricing benchmarks.
More HNW buyers.
More luxury restaurants and retail.
More attention to the market.

YOU DON’T HAVE TO BUY NEW CONSTRUCTION TO POTENTIALLY BENEFIT FROM IT.

4. THE MOAT: YOU CAN’T BUILD ANOTHER MPH02

You can replace a kitchen.

You can replace marble.

You can replace every piece of furniture.

You cannot recreate:

Penthouse elevation.
Direct Atlantic views.
2,572 SF.
Beachfront location.
Ocean + Intracoastal exposure.

That’s the scarcity.

5. THE ASYMMETRY: BUY THE VIEW, CREATE THE UPSIDE

The investor isn’t paying the seller for a perfect renovation.

That’s exactly the point.

Buy the irreplaceable real estate at approximately $1,048/SF.

Modernize it.

Reposition it.

Then let the next buyer compare your finished penthouse against substantially more expensive new luxury inventory.

THE TRADE

BUY: $2.695M
RENOVATE: ~$150K–$250K
BASIS: ~$2.85M–$2.95M*
ASSET: 2,572-SF direct-ocean penthouse
CATALYST: Billions in surrounding luxury development
MOAT: Scarce penthouse oceanfront inventory

BUY THE VIEW. CREATE THE VALUE. LET NEW CONSTRUCTION RAISE THE CEILING.

Aquazul MPH02
1600 S Ocean Boulevard | Lauderdale-by-the-Sea
$2,695,000 | 3 Bedrooms | 4.5 Baths | 2,572 SF

Craig Bujnowski
Engel & Völkers Fort Lauderdale
617-784-7504