Pasadena Lakes Lakefront for $515K?

A Lakefront Fixer with Serious Flip Potential

If you're hunting for a below market opportunity in Pembroke Pines, here's one that checks a lot of investor boxes but only at the right price.

This 3 bed, 2 bath lakefront home in Pasadena Lakes is listed at $515,000, and the real play is in a full cosmetic renovation.

Think kitchen, baths, flooring, maybe even the roof.

It's not a turnkey, but it's not a teardown either.

The question is: can the math work?

The Property

The Investment Case

Here’s the rough breakdown on this home:

• 1,880 sq ft on a 10,524 sq ft lakefront lot

• Solid bones, concrete block construction, 1971 build

• No pool, but a private dock and serene backyard views

• Needs full cosmetic updates, but not gutted

• Estate sale so the process may take a little patience

What’s interesting here is the price per square foot:

• This one’s listed at $273/sq ft

• Nearby comps for renovated homes are trading in the $340–$360/sq ft range

• That puts your after repair value (ARV) somewhere around $650K–$660K

Assuming a renovation budget of $60K–$85K, an investor looking for a 10–15% margin should be offering somewhere between $480K and $495K to make the numbers work.

Pro Tip

Pasadena Lakes homes with lake views and docks are not common especially under $550K.

Most flips in this area hit the market in the mid 600s once updated.

If you can land this one below $495K, there’s real upside.

This isn’t a screaming deal at list price but it’s close.

And it’s a reminder that opportunities are out there if you know how to read past the listing photos and into the math.

Whether you're a first time investor or seasoned flipper, this one’s worth watching or offering low and seeing what sticks.

Curious what else this price range can get you?

Let’s break it down.

Grab a spot on my calendar: Strategy Session.