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About this home

Beach condo steps from private beach access offering incredible value! Enjoy beautiful Intracoastal views from your balcony and relax by the refreshing waterfront community pool. Ideally located minutes from Pompano Beach and Lauderdale-by-the-Sea. The building has completed its 40-year restoration and features strong reserves, with a low monthly condo fee of only $525. Offered unfurnished, but can also be sold turnkey. Common laundry and your private storage locker are conveniently located nearby. Recently, Pompano Beach has been recognized by leading real estate publications as one of the nation's top vacation rental destinations. Beach condo steps from private beach access offering incredible value! Enjoy beautiful Intracoastal views from your balcony and relax by the refreshing waterfront community pool. Ideally located minutes from Pompano Beach and Lauderdale-by-the-Sea. The building has completed its 40-year restoration and features strong reserves.

Facts & features

Interior

  • Built-in Features
  • Entrance Foyer

Exterior

  • Exterior Cat Walk
  • Balcony
  • Built-In Grill
  • Exterior Lights
  • None
  • Outdoor Shower

Appliances

  • Dishwasher
  • Disposal
  • Microwave
  • Electric Range
  • Refrigerator

Cooling & heating

  • Ceiling Fan(s)
  • Central Air
  • Central
  • Heat Strip

Flooring

  • Ceramic Floor

Parking

  • 1 Space
  • Assigned
  • Guest
  • Limited # Of Vehicle
  • No Boats

Waterfront

  • Ocean Access

View

  • Intracoastal View
  • Other
  • Other Water View

Community amenities

  • Boat Dock
  • Laundry
  • Storage
  • Heated Pool
  • Laundry Facility
  • Maintained Community
  • Trash Chute

Security

  • No Fire Protection
  • No Security

Laundry

  • Common Area

Maintenance includes

  • Cable Tv
  • Elevator
  • Maintenance Incl Common Area
  • Insurance
  • Laundry Facilities
  • Legal/Accounting
  • Parking
  • Pest Control Interior
  • Pool Service
  • Recreation Facilities

Pets

  • No
  • Yes

Construction & roof

  • Slab Construction
  • Built-Up
  • Flat Tile
  • Flat Roof With Facade Front

Assigned schools

Elementary

Mcnab

Middle

Pompano B.Middle

High

Blanche Ely

School assignments should be independently verified.

Location

2020 Terra Mar Drive, Pompano Beach

Mortgage Estimator

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Home priceUSD
Enter as digits, with commas, or shorthand: 1.9M · 1900K · 1,895,000
ZIP codeBroward
Broward County (exact match).
Payment typeFinanced
Conventional or jumbo loan, depending on size.
Down payment20% · $49,800
%
$199,200 financed
Loan termyears
Base rate% (760+ band)
Loading current market rate...
Your rate at 740-759:6.995%(base + 0.12%)
Primary residenceNo
No homestead exemption — full property tax applies.
Credit score banddrives rate
Lenders price LLPA adjustments by credit band. See impact panel for monthly + lifetime deltas.
Your finances optional, for DTI
Gross annual income
$
Other monthly debts
$
Household combined pre-tax income and the sum of your monthly debt-service payments (auto loans, student loans, credit-card minimums). We don't count groceries, utilities, or insurance — those don't factor into lender DTI.
Estimated monthly
$2,402
Per month, all-in
55%P&I SHARE
Monthly breakdown
  • Principal & interest$1,32555%
  • Property taxes$35015%
  • Insurance$2038%
  • HOA$52522%

Tax: From listing — annual tax of record.

Insurance: Direct coastal exposure — Florida hurricane corridor. Estimate; actual quote can be 30–50% higher on older homes or homes without wind mitigation.

Cash & qualification
Cash at closing
$63,340
Income to qualify
$103,000/yr
Credit-score impact

Improving from 740-759 to 760+ would save $16/mo and $5,764 over the life of this loan.

Over the life of the loan
Total paid
$476,861
Total interest
$277,661
Paid off
2056
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