Progresso Land for Sale

Progresso Land for Sale

Welcome to Progresso, one of Fort Lauderdale's most vibrant and up-and-coming subdivisions! Nestled in the heart of Broward County, this charming neighborhood is a hidden gem that offers a unique blend of urban convenience and suburban tranquility. Progresso is known for its eclectic mix of historic homes and modern developments, making it an ideal location for those seeking to invest in land for sale in a community that’s brimming with potential.

Progresso’s strategic location places residents just minutes away from the stunning beaches of Fort Lauderdale, as well as world-class dining, shopping, and entertainment options. The area is well-connected to major highways, ensuring easy access to the greater South Florida region. Whether you’re looking to build your dream home or invest in a lucrative property, Progresso offers a variety of land options that cater to diverse preferences and budgets.

The community is characterized by its friendly atmosphere, with neighbors who take pride in their homes and actively participate in local events. The burgeoning arts scene, along with parks and recreational facilities, provides plenty of opportunities for relaxation and socialization.

Investing in land in Progresso means becoming part of a community that is on the rise. With ongoing developments and revitalization efforts, now is the perfect time to seize the opportunity to plant your roots in this dynamic neighborhood. Explore the possibilities that await you in Progresso, where your vision for the future can truly come to life!

Newest Progresso Land for Sale

$679,850
B26033788 MLS
Rare opportunity to acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity in Fort Lauderdale's rapidly developing Studio City at over 40% below market value. Located on NE 5th Terrace, less than one block from NE 13th Street, the property is under a 60 second walk from the heart of Studio City: Fort Lauderdale's emerging arts and entertainment district, featuring an eclectic mix of independent businesses like Gulfstream Brewing Co, Lovelee Bakeshop, Radio-Active Records and other popular neighborhood destinations. Situated at the crossroads of Flagler Village & Wilton Manors, the area offers a vibrant, walkable neighborhood experience with a youthful, creative energy often compared to early Wynwood. Surrounded by ongoing new development, the area continues to attract investors & developers who recognize its long term potential. This property should not be viewed solely as a duplex or solely as a land play; the true value is in both. The existing duplex (that has separate water & electric meters) can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 10 units, without tearing down the current structure. The included site plan shows viable layout, parking, & access. A preliminary development meeting with the city has been held; representatives from every relevant department (planning, zoning, engineering, landscape, etc) were present and confirmed that the site plan is feasible and compliant with current code and zoning regulations. Land comps:$91k-$117k per unit sold, $129k-$162k per unit active. Active & sold multifamily comps:$200k(not renovated)-$320k(fully renovated) per unit. Subject property: partially renovated duplex + 8 units of buildable land; market value ~$1.2M. 1 bed rents:$1.6k-$2.3k/mo. Build cost ~$1.2M. All in:~$2M. Projected value:$3M+ = $1M+ instant equity upon completion. Potential ~10% cap rate. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

1219 NE 5th Terrace, Fort Lauderdale

$189,000
B26027774 MLS
SHOVEL-READY in SISTRUNK Redevelopment — Permitted 2,224 SF (ICF Construction) Modern Build, Zero Wait FULLY APPROVED & PERMITTED set of construction documents (Permit BLD-RNC-24030224, issued by City of Fort Lauderdale 2,224 sq ft Single Family Home THE BUILD: Modern 2-story custom residence, 2,224 SF A/C / 2,657 SF under roof. First floor 1,054 SF + 1-car garage. Second floor 1,170 SF + open balcony. Flat parapet roof with rooftop deck accessed via prefab spiral stair. Designed to 175 mph wind Skip 12-18 months. Build now. 727 NW 10th Avenue is a turn-key entitlement package in the heart of Fort Lauderdale's fastest-changing neighborhood. The lot is owned outright, free and clear. The architectural set is fully designed, engineered, and permitted by the City of Fort Lauderdale (BLD-RNC-24030224) — civil, structural, MEP, and landscape are all approved. Pull the permit, hand the set to your contractor, and start digging. Why this matters in today's market: a buyer starting from scratch in Fort Lauderdale is looking at 12 to 18 months of design, civil engineering, and city plan review before a single shovel hits dirt — plus $60K-$90K in soft costs. This package erases that runway entirely. Carrying costs, escalation risk, and approval uncertainty all disappear. The Sistrunk story is the South Florida story right now. The City of Fort Lauderdale CRA has deployed roughly $116 million in incentives along the Sistrunk corridor in the past eight years. The Adderley (400+ units), The Arcadian ($10M CRA-backed mixed-use, just delivered), the new YMCA, Smitty's Wings, Wright Dynasty (24 units + retail), and the Aldridge / Laramore affordable mixed-use are all in or just out of the ground. More than 3,000 units have been built since 2009; another 1,018 are under construction or breaking ground this year, with 421 more approved and waiting on permits. The CRA was just extended another 10 years. Minutes to Brightline, Las Olas, downtown Fort Lauderdale, Flagler Village, and Victoria Park. The corridor sits at the intersection of active CRA investment and proximity to Fort Lauderdale's core — a long-horizon redevelopment story that rewards patient capital and an early build position. About the design: the architect (Urban Design Studio of South Florida) drew a clean, contemporary 2-story residence — 2,224 SF of air-conditioned living, 1-car garage, open kitchen / dining / family layout on the main floor, three bedrooms and a primary suite upstairs, plus a flat roof deck with a prefab spiral stair. A 47" DBH protected oak anchors the rear yard. The narrow-lot footprint (25' × 135') is what made this design challenging — and it has already been solved, engineered, and approved. A new buyer doesn't have to fight that battle. Built like a bunker, designed like a boutique home. The structural system is ICF (Insulated Concrete Forms) — solid poured-concrete walls and roof with 2.5" of EPS foam insulation on each side, creating a continuous sealed envelope. ICF homes test to 200+ mph wind resistance, qualify for Florida's strongest wind-mitigation insurance discounts (up to 50% off the wind premium), and run roughly 20-25% lower on heating/cooling cost — a meaningful monthly savings on the power bill in South Florida. And the seller's bids for the ICF shell came in at — or below — comparable CBS bids. A dedicated page later in this package walks through the numbers.

727 NW 10th Avenue, Fort Lauderdale

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