The thesis

Why we bought this

A fully permitted Coral Ridge renovation, sold at $1.12M ($580/sq ft) - turnkey with a paper trail, priced to meet the real buyer pool.

The renovation created the product. Pricing discipline completed the sale. This Coral Ridge four-bedroom, renovated top to bottom by a local developer with full permits on record, closed at $1,120,000 in December 2025 - approximately $580 per square foot across 1,932 square feet. Oleg Sergiienko and Catherine Kolga ran the sale as a team effort. The documented permit history mattered more than any finish: post-Surfside, Fort Lauderdale buyers and their inspectors treat unpermitted work as a price deduction, so a renovation with a complete paper trail competes in a cleaner category. On pricing, the team calibrated to showing feedback rather than defending an aspirational number, which kept the home in front of the actual buyer pool for renovated Coral Ridge product and carried the contract to closing.

Highlights

What made this one work

  • $1,120,000 closing price (December 2025)
  • ~$580 per sq ft
  • 4 bed / 3 bath, 1,932 sq ft
  • Fully permitted renovation with documented scope
  • Sold by the Sergiienko-Kolga team
The asset

What you're buying

Address2020 NE 54th St, Fort Lauderdale, FL 33308
CityFort Lauderdale
CountyBroward
Property typeSingle-Family Home
Building SF1,932
Year built1957
Gallery

Inside the property

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The numbers

The math behind the deal

Price / SF
$580
Financing assumptions estimate
30% down7.25% rate25-yr amort
Full numbers

See the cap rate, rent roll, comps & exits

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Plain English

What the numbers mean

A price adjustment is not a failure; it is information acting on price. The cost of holding an aspirational number is measured in days on market and stale-listing discount - usually more than the adjustment itself.

Note

From the agent

Oleg Sergiienko and Catherine Kolga, as a team effort, positioned the permitted renovation, gathered and acted on showing feedback, and negotiated the closing.

Takeaway

The bottom line

Buyers paid for the renovation they could verify, at the price the market confirmed.

Selling a renovated home? Request SunSt's pricing and launch analysis before listing.

FAQ

Common questions

What did 2020 NE 54th St sell for?+

$1,120,000 in December 2025, approximately $580 per square foot.

Why does a permitted renovation matter?+

Documented permits remove inspection-stage price deductions and let a renovated home compete as verified turnkey product rather than as a question mark.

Who handled the sale?+

Oleg Sergiienko and Catherine Kolga of SunSt, as a team effort, with the renovation executed by a local developer.

Represented by
Oleg Sergiienko and Catherine Kolga, as a team effort, positioned the permitted renovation, gathered and acted on showing feedback, and negotiated the closing.
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All information is deemed reliable but not guaranteed and should be independently verified. Pro-forma figures marked "estimate" reflect the memo author's underwriting and are not appraisals. Cap rates and price-per-SF are calculated from the fields on this page and update as those fields do.