Progresso Land for Sale

Progresso Land for Sale

Welcome to Progresso, a vibrant and eclectic subdivision nestled in the heart of Fort Lauderdale, Florida. Known for its rich cultural tapestry and burgeoning real estate market, Progresso is an ideal location for those seeking to invest in land that promises both growth and community charm.

As a part of Broward County, Progresso is just minutes away from the stunning beaches and bustling downtown Fort Lauderdale, making it a prime spot for both residential and commercial development. This neighborhood is characterized by a mix of historic homes and modern architecture, reflecting the area’s dynamic evolution. With its friendly atmosphere and diverse community, Progresso is perfect for families, young professionals, and retirees alike.

Currently, there is an exciting opportunity to purchase land in Progresso. This prime real estate offers the potential for custom builds, investment properties, or even the chance to create your dream home in a thriving area. The available lots are strategically located near local parks, shops, and restaurants, providing residents with easy access to the best that Fort Lauderdale has to offer.

Investing in land in Progresso means becoming part of a community that values growth while maintaining its unique character. Whether you envision a quaint bungalow or a contemporary masterpiece, this subdivision offers a canvas for your dreams. Don’t miss out on the chance to be a part of Progresso’s exciting future—explore the land for sale today and take the first step towards your new adventure in sunny Florida!

Newest Progresso Land for Sale

$729,850
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 35% 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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