5940 SW 37th Ave
Dania Beach, FL 33312
$4,990,000
$667/ft²
About this home
Rare opportunity to acquire a brand-new construction 7,500+ sq ft private compound on approx. 0.5 acre in Fort Lauderdale, pre-built with infrastructure to support conversion into a single-family residence, subject to city requirements. Currently configured as a high-end institutional-style property, the layout offers exceptional scale, privacy, and flexibility for a luxury residence, multi-generational estate, private family compound, or live/work-style estate. The property features a grand central gathering space that can be reimagined as an open-concept living room, formal entertaining area, theater, lounge, or recreation space. Additional areas include a dining/social hall, study/library with built-ins, multiple bathrooms, offices, kitchen/dining setup, outdoor kitchen, gym/fitness room, game room, attached private living area, and an upstairs 2-bedroom / 1-bath apartment ideal for guests, in-laws, extended family, staff, caretaker use, or live-in help. With costly infrastructure already in place, this property offers a head start for a buyer seeking a custom private estate. Parking for approx. 25–30 vehicles is ideal for large families, entertaining, staff, guests, or car collectors. An optional 17,000 sq ft rear lot may also be available, offering upside for a pool, guest house, sports court, garden, or expanded estate grounds. A unique South Florida property combining new construction, scale, privacy, infrastructure, and residential conversion potential.
Property details
Listing
- MLS #
- A12018025
- Status
- For sale
- Listed on
- Jun 1, 2026
- Days on market
- 69 days
- Listing data updated
- Aug 4, 2026
Interior
- Beds
- 6
- Baths
- 3
- Living area
- 7,477 ft²
- Price per ft²
- $667/ft²
Building & community
- Type
- Single-family home
- Year built
- 2025
- County
- Broward
Lot & exterior
- Lot size
- 21,760 ft²
Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.
True monthly cost
- Mortgage (principal & interest)
- $25,232
- Property taxes (est.)
- $4,574
- Home insurance (est.)
- $600
- Flood insurance (est.)
- —
Estimated total$30,406*/mo
* Some cost lines aren't available yet for this listing; the total shown is incomplete.
Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.
Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.
What will this home really cost you?
Location
Mortgage calculator
$25,232/moEstimated principal & interest. Taxes, insurance, and HOA are not included. This is an estimate, not a quote or financial advice.
This listing is courtesy of United Realty Group Inc.
Gil Grafi · 305-349-3315 · gil@thegrafigroup.com · 954-450-2000
Data deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
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