600 Three Islands Blvd #1402 · Hallandale Beach, FL 33009

$230,000

2 bd · 2.0 ba · 1,400 sqft · Condo public records · 40 Days on market

Built 1975 $1200/mo HOA · 28% of rent

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +19.4/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Olympus! Beautifully maintained and loved 2 bed 2 bath unit with split floor plan in a resort style complex. North facing balcony with breathtaking intercostal views on one side, panoramic city views to Fort Lauderdale on other side. The building offers resort-style amenities, club house, gym, available boat dock for rent or purchase (for Olympus residents only), BBQ area, tennis courts, heated pool, 24 hr. security, valet. Covered parking, close to public parks, few minutes to ocean. Car wash area, shuffleboard, billiards, courtesy bus to beach/shopping or walk to beach/shopping, close to Gulfstream Casino & Racetrack, Hollywood Boardwalk,& Aventura Mall, famous beaches, top of the line dining, entertainment. New 2022 A/C. Great investment, can be rented right away!

Key facts

• $1,200 HOA
• Garage
• Built 1975

Property features AI

Finance

• Financial info: Pets allowed with restrictions or conditions
• HOA & community: Monthly association fee of $1,200; Association fee includes amenities; On-site fitness center; Tennis courts

Exterior

• Parking: 1 covered garage space
• Security: Elevator secured; Key card entry; Secured lobby; Phone entry; Security guard
• Home design: Condo/unit in a multi-story building; 14th floor entry; Property is attached
• Construction: Block construction; Resale building; 22-story building
• Exterior features: Balcony; Fence; Open balcony/patio

Interior

• Kitchen: Refrigerator
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central cooling (electric)
• Interior features: Handicap access; Living/dining room; Elevator

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $230k.

Deal economics

• At list price, monthly cash flow is $-171 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $200k (13.1% below list).
• Meets the 1% rule at list price ($4k rent vs $230k).
• Recommended offer: $200k (13.1% below list) — sets the bar for cash-flow.
• Cap rate 7.6% vs local median 5.2% in Hallandale Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#86 in FL, #1,400 nationally) — a professional / high-income tenant draw. Strengths: commute A+, health & safety A+, crime B+; Watch: schools C-, employment D-.
• Broward (suburban): math 42% / reading 53% proficiency, ranked #46 of 73 in FL (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 1373 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• At $4,238/mo this rent would consume 98% of the median local household income ($52k/yr) (locally 3293% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Broward County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; flood insurance adds $427/mo; HOA is 28% of rent.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $199,838 (13.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
7. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.84% ✓
• Cap rate: 7.63%
• Cash-on-cash: 4.77%
• DSCR: 1.21
• GRM: 4.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.43% rent growth · sell at horizon

5-year hold

• IRR: -28.0%
• Equity multiple: 0.11×
• Total profit: $-57,580
• Equity at exit: $34,294

10-year hold

• IRR: -73.5%
• Equity multiple: -0.56×
• Total profit: $-100,714
• Equity at exit: $19,886

Cash invested: $64,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33009

• Rents YoY: 0.4%
• Active inventory: 1373
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $4,238 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$591 /mo · $7,086/yr
• Insurance: −$96
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$1,200
• Vacancy / Maint / Mgmt: −$890
• Net cashflow: $-171

Break-even live

Break-even rent $4,454

Max offer price $199,838

Occupancy floor 99%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2500 Parkview Dr #2518 Hallandale Beach, FL	2.0	2.0	1280	$4,000	$3.12	7d	1	0.01mi
2500 Parkview Dr #2518 Hallandale Beach, FL	2.0	2.0	1280	$4,000	$3.12	14d	1	0.01mi
2500 Parkview Dr #1112 Hallandale Beach, FL	2.0	2.0	1580	$3,800	$2.41	24d	1	0.01mi
2753 S Parkview Dr Hallandale Beach, FL	2.0	2.0	1680	$3,699	$2.20	17d	1	0.14mi
513 Leslie Dr #513 Hallandale Beach, FL	3.0	2.0	1624	$5,250	$3.23	24d	1	0.16mi
523 Leslie Dr Hallandale Beach, FL	3.0	2.0	1624	$4,950	$3.05	24d	1	0.17mi
825 NE 26th Ave Hallandale Beach, FL	3.0	2.0	1844	$4,200	$2.28	24d	1	0.20mi
3800 S Ocean Dr #1818 Hollywood, FL	2.0	2.0	1270	$4,200	$3.31	7d	1	0.41mi
3800 S Ocean Dr #1818 Hollywood, FL	2.0	2.0	1270	$3,800	$2.99	5d	1	0.41mi
3800 S Ocean Dr Hollywood, FL	2.0	2.0	1302	$3,750	$2.88	4d	3	0.42mi
3800 S Ocean Dr Hollywood, FL	2.0	2.0	1301	$3,775	$2.90	5d	2	0.42mi
1529 Shoreline Way #1529 Hollywood, FL	3.0	2.0	1784	$7,500	$4.20	1d	1	0.43mi
1529 Shoreline Way #1529 Hollywood, FL	3.0	2.5	1784	$7,750	$4.34	12d	1	0.43mi
1529 Shoreline Way Hollywood, FL	3.0	2.5	1784	$7,500	$4.20	7d	1	0.43mi
3505 S Ocean Dr Hollywood, FL	1.0–2.0	1.5–2.0	1085	$6,500	$5.99	10d	18	0.45mi
3505 S Ocean Dr Hollywood, FL	1.0–2.0	1.5–2.0	1085	$6,500	$5.99	12d	17	0.45mi
3101 S Ocean Dr #1904 Hollywood, FL	2.0	2.5	1733	$5,500	$3.17	22d	1	0.45mi
3101 S Ocean Dr #1504 Hollywood, FL	2.0	2.5	1733	$7,500	$4.33	24d	1	0.45mi
3725 S Ocean Dr Hollywood, FL	2.0–3.0	2.0	1377	$4,000	$2.90	2d	7	0.48mi
3725 S Ocean Dr Hollywood, FL	2.0–3.0	2.0	1377	$4,000	$2.90	14d	8	0.48mi
3725 S Ocean Dr Hollywood, FL	2.0–3.0	2.0	1454	$4,000	$2.75	24d	6	0.48mi
3725 S Ocean Dr Unit 1339235P Hollywood, FL	2.0	2.0	1248	$5,429	$4.35	3d	1	0.48mi
3001 S Ocean Dr #1211 Hollywood, FL	2.0	2.0	1208	$4,750	$3.93	24d	1	0.48mi
3001 S Ocean Dr #1211 Hollywood, FL	2.0	2.0	1208	$4,750	$3.93	7d	1	0.48mi
1755 E Hallandale Beach Blvd Unit 1407E Hallandale Beach, FL	2.0	2.0	1354	$3,650	$2.70	24d	1	0.48mi
1755 E Hallandale Beach Blvd Unit 2207E Hallandale Beach, FL	2.0	2.0	1354	$3,950	$2.92	24d	1	0.48mi
4010 S Ocean Dr Hollywood, FL	1.0–3.0	1.0–3.5	1078	$7,250	$6.73	24d	5	0.48mi
2601 E Hallandale Beach Blvd Unit 1227344P Hallandale Beach, FL	1.0–2.0	1.0–2.0	844	$4,219	$5.00	1d	2	0.50mi
1745 E Hallandale Beach Blvd Unit 2302W Hallandale Beach, FL	3.0	2.0	1481	$3,900	$2.63	15d	1	0.50mi
1745 E Hallandale Beach Blvd Unit 2302W Hallandale Beach, FL	3.0	2.0	1481	$3,900	$2.63	24d	1	0.50mi
1745 E Hallandale Beach Blvd Unit 802W Hallandale Beach, FL	3.0	2.0	1481	$3,600	$2.43	24d	1	0.50mi
2751 S Ocean Dr Unit 508S Hollywood, FL	3.0	2.5	1868	$5,300	$2.84	17d	1	0.50mi
2751 S Ocean Dr Unit 508S Hollywood, FL	3.0	2.5	1868	$5,300	$2.84	7d	1	0.50mi
2751 S Ocean Dr Unit 1705 Hollywood, FL	2.0	2.0	1360	$5,000	$3.68	7d	1	0.50mi
4010 S Ocean Dr Unit R504 Hollywood, FL	3.0	2.0	1122	$10,000	$8.91	24d	1	0.50mi
4010 S Ocean Dr Unit R1108 Hollywood, FL	3.0	2.5	1361	$12,999	$9.55	24d	1	0.50mi
4010 S Ocean Dr Unit 1227485P Hollywood, FL	2.0–3.0	2.0	1118	$5,049	$4.51	15d	2	0.50mi
4010 S Ocean Dr Unit T3708 Hollywood, FL	3.0	2.5	1361	$8,000	$5.88	24d	1	0.50mi
4010 S Ocean Dr Unit T3609 Hollywood, FL	2.0	2.0	1060	$6,300	$5.94	24d	1	0.50mi
4010 S Ocean Dr Unit T3609 Hollywood, FL	2.0	2.0	1060	$6,300	$5.94	3d	1	0.50mi

HOA detail condo

• Monthly dues: $1,200 · $14,400/yr
• Likely covers: poolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 29 events

1. 2026-06-08
   statusdays on market $230,000 Pending 40 DOM
2. 2026-06-07
   days on market $230,000 Active Under Contract 39 DOM
3. 2026-06-04
   days on market $230,000 Active Under Contract 36 DOM
4. 2026-06-03
   days on market $230,000 Active Under Contract 35 DOM
5. 2026-06-02
   days on market $230,000 Active Under Contract 34 DOM
6. 2026-06-01
   days on market $230,000 Active Under Contract 33 DOM
7. 2026-05-31
   days on market $230,000 Active Under Contract 32 DOM
8. 2026-05-13
   historical Active Under Contract
9. 2026-05-05
   price $230,000
10. 2026-04-29
    listed $235,000 Active
11. 2026-04-29
    historical
12. 2026-03-22
    price $235,000
13. 2026-01-28
    price $260,000
14. 2026-01-02
    listed $310,000 Active
15. 2023-12-05
    historical $2,500
16. 2023-11-11
    price $2,500
17. 2023-10-27
    price $2,600
18. 2023-10-20
    price $2,700
19. 2023-08-29
    listed $2,800
20. 2023-07-10
    soldstatus $345,000
21. 2023-07-03
    soldstatus $345,000 Closed 797-char remark

    Show marketing remark (797 chars)

    Welcome to Olympus! Beautifully maintained and loved 2 bed 2 bath unit with split floor plan in a resort style complex. North facing balcony with breathtaking intercostal views on one side, panoramic city views to Fort Lauderdale on other side. The building offers resort-style amenities, club house, gym, available boat dock for rent or purchase (for Olympus residents only), BBQ area, tennis courts, heated pool, 24 hr. security, valet. Covered parking, close to public parks, few minutes to ocean. Car wash area, shuffleboard, billiards, courtesy bus to beach/shopping or walk to beach/shopping, close to Gulfstream Casino & Racetrack, Hollywood Boardwalk,& Aventura Mall, famous beaches, top of the line dining, entertainment. New 2022 A/C. Great investment, can be rented right away!

22. 2023-05-16
    status Pending 797-char remark

    Show marketing remark (797 chars)

    Welcome to Olympus! Beautifully maintained and loved 2 bed 2 bath unit with split floor plan in a resort style complex. North facing balcony with breathtaking intercostal views on one side, panoramic city views to Fort Lauderdale on other side. The building offers resort-style amenities, club house, gym, available boat dock for rent or purchase (for Olympus residents only), BBQ area, tennis courts, heated pool, 24 hr. security, valet. Covered parking, close to public parks, few minutes to ocean. Car wash area, shuffleboard, billiards, courtesy bus to beach/shopping or walk to beach/shopping, close to Gulfstream Casino & Racetrack, Hollywood Boardwalk,& Aventura Mall, famous beaches, top of the line dining, entertainment. New 2022 A/C. Great investment, can be rented right away!

23. 2023-03-03
    listed $345,000 Active 797-char remark

    Show marketing remark (797 chars)

    Welcome to Olympus! Beautifully maintained and loved 2 bed 2 bath unit with split floor plan in a resort style complex. North facing balcony with breathtaking intercostal views on one side, panoramic city views to Fort Lauderdale on other side. The building offers resort-style amenities, club house, gym, available boat dock for rent or purchase (for Olympus residents only), BBQ area, tennis courts, heated pool, 24 hr. security, valet. Covered parking, close to public parks, few minutes to ocean. Car wash area, shuffleboard, billiards, courtesy bus to beach/shopping or walk to beach/shopping, close to Gulfstream Casino & Racetrack, Hollywood Boardwalk,& Aventura Mall, famous beaches, top of the line dining, entertainment. New 2022 A/C. Great investment, can be rented right away!

24. 2022-02-03
    historical
25. 2021-11-12
    price $279,000
26. 2021-11-03
    listed $265,000 Active
27. 2004-11-16
    soldstatus $260,000
28. 2002-09-17
    soldstatus $145,000
29. 1991-07-09
    soldstatus $77,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $7,086 · $591/mo
• Projected year-2 tax: $7,086 · $591/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $50,860
• − Mortgage interest: −$12,884
• − Property taxes: −$7,086
• − Insurance: −$6,268
• − Repairs & maintenance: −$4,069
• − Management: −$4,069
• − HOA: −$14,400
• − Depreciation: −$6,691
• Taxable loss: −$4,607
• Est. tax savings @ 24.0%: +$1,106
• After-tax cash flow: $-943/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Broward
• NCES district ID: 1200180
• Math proficiency: 42% ▼ -18.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $52,139
• Composite: 40.88/100
• National rank: #3621
• State rank: #46 of 73 in FL

Livability — Hallandale Beach

• Score: 81/100
• State rank: #86
• US rank: #1400

Category grades

Amenities B Commute A+ Cost of living B+ Crime B+ Employment D- Housing B+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hallandale Beach, FL
• County: Broward County · 1,963,430 people
• City population: 44,021
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 44,502
• Household income: $52,079
• Rent vs Own: 44.4% rent · 55.6% own
• Severe rent burden: 3293.0

Population outlook (Broward County) Hauer SSP2

• Today (2025): 2,207,033 people
• By 2030: 2,360,704 · +7.0%
• By 2040: 2,661,208 · +20.6%
• By 2050: 2,946,698 · +33.5%
• By 2075: 3,602,273 · +63.2%
• By 2100: 3,970,984 · +79.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Hispanic / Latino 39% White 39% Two or more races 24% Black 17% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 9% Dominican 3% Salvadoran 2%
• Common ancestry: Scotch-Irish 5% Hispanic 5% Subsaharan African 3%
• Foreign-born: 51% · Canada, Jamaica, Dominican Republic
• Languages at home: 38% English-only · Spanish 36% Russian/Polish/Slavic 12% French/Haitian/Cajun 7%

Political lean MEDSL · Broward

• 2024 margin: D (+17.0) · D 58.0% · R 41.0%
• 2008→2024 swing: -17.8pp toward R · 2008: 34.7pp · 2024: 17.0pp
• All cycles: 2024: D+17.0 2020: D+29.8 2016: D+35.0 2012: D+34.9 2008: D+34.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -299.13%
• Current HPI: 329.9081
• Rent YoY: ▲ 0.43%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+198.7% since first listed

22 events — show timeline

• 2026-05-13 Contingent — MARMLS
• 2026-05-05 Price Changed $230,000 MARMLS
• 2026-04-29 Listing Removed — MARMLS
• 2026-04-29 Listed $235,000 MARMLS
• 2026-03-22 Price Changed $235,000 MARMLS
• 2026-01-28 Price Changed $260,000 MARMLS
• 2026-01-02 Listed $310,000 MARMLS
• 2023-12-05 Rental Removed $2,500 MARMLS
• 2023-11-11 Price Changed $2,500 MARMLS
• 2023-10-27 Price Changed $2,600 MARMLS
• 2023-10-20 Price Changed $2,700 MARMLS
• 2023-08-29 Listed for Rent $2,800 MARMLS
• 2023-07-10 Sold (Public Records) $345,000 Public Records
• 2023-07-03 Sold (MLS) $345,000 Beaches MLS
• 2023-05-16 Pending — Beaches MLS
• 2023-03-03 Listed $345,000 Beaches MLS
• 2022-02-03 Listing Removed — MARMLS
• 2021-11-12 Price Changed $279,000 MARMLS
• 2021-11-03 Listed $265,000 MARMLS
• 2004-11-16 Sold (Public Records) $260,000 Public Records
• 2002-09-17 Sold (Public Records) $145,000 Public Records
• 1991-07-09 Sold (Public Records) $77,000 Public Records

Property tax history

+11.3%/yr

Latest (2025): $7,086 · -0.7% YoY. Source: county tax records.