500 FALLS BLVD
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Location
500 FALLS BLVD
Mblu
2087/ 72/ 4A/ /
Acct#
03345801
Owner
500 FALLS APTS OWNER LLC
Assessment
$60,563,100
PID
24359
Building Count
7
Assessing District
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$53,210,100$7,353,000$60,563,100

Owner of Record
Owner500 FALLS APTS OWNER LLC
Co-OwnerC/O RYAN LLC
Care Of
Address500 EAST BROWARD BLVD #1130
FORT LAUDERDALE, FL 33394
Sale Price$50,000,000
Book & Page 34534/0088
Sale Date10/04/2016
Instrument00

Ownership History
Ownership History
OwnerSale PriceBook & PageInstrumentSale Date
500 FALLS APTS OWNER LLC$50,000,00034534/00880010/04/2016
FAIRFIELD FAXON PARK LLC$41,000,00031062/05281V02/22/2013
SPUSV5 FAXON PARK LLC$27,250,00027071/05841V09/18/2009

Building Information
Building 1 : Section 1
Year Built: 1997
Living Area: 2,658
Replacement Cost: $811,755
Building Percent Good: 89
Replacement Cost
Less Depreciation:
$722,500
Building Attributes
FieldDescription
Style:Clubs/Lodges
ModelCommercial
GradeVERY GOOD
Stories:1
Occupancy1.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsphalt
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Ceram Clay Til
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseApt over 8
Total Rooms2
Total Bedrms0
Total Baths2
1st Floor Use:1120
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingABOVE AVERAGE
CeilingFIN CLNG+WALL
Rooms/PrtnsABOVE AVERAGE
Wall Height9.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 2,658 2,658
FOPPorch, Open, Finished 546 0
   3,204 2,658
Building 2 : Section 1
Year Built: 1997
Living Area: 34,361
Replacement Cost: $9,954,358
Building Percent Good: 89
Replacement Cost
Less Depreciation:
$8,859,400
Building Attributes : Bldg 2 of 7
FieldDescription
Style:Apartments
ModelCommercial
GradeVERY GOOD
Stories:3
Occupancy26.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsphalt
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseApt over 8
Total Rooms100
Total Bedrms26
Total Baths26
1st Floor Use:1120
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
CeilingFIN CLNG+WALL
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 20,197 20,197
BASFirst Floor 11,103 11,103
FHSHalf Story, Finished 6,122 3,061
FOPPorch, Open, Finished 2,294 0
UBMBasement, Unfinished 5,339 0
USTUtility, Storage, Unfinished 705 0
   45,760 34,361
Building 3 : Section 1
Year Built: 1997
Living Area: 29,216
Replacement Cost: $8,303,292
Building Percent Good: 89
Replacement Cost
Less Depreciation:
$7,389,900
Building Attributes : Bldg 3 of 7
FieldDescription
Style:Apartments
ModelCommercial
GradeVERY GOOD
Stories:3
Occupancy29.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsphalt
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseApt over 8
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use:1120
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
CeilingFIN CLNG+WALL
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 16,516 16,516
BASFirst Floor 8,596 8,596
FHSHalf Story, Finished 8,208 4,104
FOPPorch, Open, Finished 588 0
UBMBasement, Unfinished 36 0
USTUtility, Storage, Unfinished 120 0
   34,064 29,216
Building 4 : Section 1
Year Built: 1997
Living Area: 26,742
Replacement Cost: $7,957,804
Building Percent Good: 89
Replacement Cost
Less Depreciation:
$7,082,400
Building Attributes : Bldg 4 of 7
FieldDescription
Style:Apartments
ModelCommercial
GradeVERY GOOD
Stories:3
Occupancy29.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsphalt
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseApt over 8
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use:1120
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
CeilingFIN CLNG+WALL
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 17,088 17,088
BASFirst Floor 8,842 8,842
FHSHalf Story, Finished 1,624 812
FOPPorch, Open, Finished 1,776 0
UBMBasement, Unfinished 4,276 0
USTUtility, Storage, Unfinished 345 0
   33,951 26,742
Building 5 : Section 1
Year Built: 1997
Living Area: 27,431
Replacement Cost: $8,129,372
Building Percent Good: 89
Replacement Cost
Less Depreciation:
$7,235,100
Building Attributes : Bldg 5 of 7
FieldDescription
Style:Apartments
ModelCommercial
GradeVERY GOOD
Stories:3
Occupancy29.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsphalt
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseApt over 8
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use:1120
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
CeilingFIN CLNG+WALL
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 15,968 15,968
BASFirst Floor 8,536 8,536
FHSHalf Story, Finished 5,854 2,927
FOPPorch, Open, Finished 1,548 0
UBMBasement, Unfinished 4,092 0
USTUtility, Storage, Unfinished 534 0
   36,532 27,431
Building 6 : Section 1
Year Built: 1997
Living Area: 26,742
Replacement Cost: $7,957,804
Building Percent Good: 89
Replacement Cost
Less Depreciation:
$7,082,400
Building Attributes : Bldg 6 of 7
FieldDescription
Style:Apartments
ModelCommercial
GradeVERY GOOD
Stories:3
Occupancy29.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsphalt
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseApt over 8
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use:1120
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
CeilingFIN CLNG+WALL
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 17,088 17,088
BASFirst Floor 8,842 8,842
FHSHalf Story, Finished 1,624 812
FOPPorch, Open, Finished 1,776 0
UBMBasement, Unfinished 4,276 0
USTUtility, Storage, Unfinished 345 0
   33,951 26,742
Building 7 : Section 1
Year Built: 1997
Living Area: 29,216
Replacement Cost: $8,299,180
Building Percent Good: 89
Replacement Cost
Less Depreciation:
$7,386,300
Building Attributes : Bldg 7 of 7
FieldDescription
Style:Apartments
ModelCommercial
GradeVERY GOOD
Stories:3
Occupancy29.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsphalt
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseApt over 8
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use:1120
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
CeilingFIN CLNG+WALL
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 16,516 16,516
BASFirst Floor 8,596 8,596
FHSHalf Story, Finished 8,208 4,104
FOPPorch, Open, Finished 543 0
USTUtility, Storage, Unfinished 120 0
   33,983 29,216

Extra Features
Extra Features
CodeDescriptionSizeAssessed ValueBldg #
SPR1SPRINKLERS-WET29424.00 S.F.$26,2003
SPR1SPRINKLERS-WET36609.00 S.F.$32,6005
SPR1SPRINKLERS-WET36609.00 S.F.$32,6006
SPR1SPRINKLERS-WET37916.00 S.F.$33,7007
SPR1SPRINKLERS-WET36609.00 S.F.$32,6004
SPR1SPRINKLERS-WET37478.00 S.F.$33,4002

Land
Land Use
Use Code1120
DescriptionApt over 8  
Neighborhood50
Land Line Valuation
Size (Sqr Feet)518535
Assessed Value$7,353,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeAssessed ValueBldg #
FGR1GARAGE 1 STY  1452.00 S.F.$29,0002
FGR1GARAGE 1 STY  2664.00 S.F.$53,3007
FGR1GARAGE 1 STY  968.00 S.F.$19,4006
SHD1SHED FRAME  196.00 S.F.$1,5001
SHD1SHED FRAME  336.00 S.F.$2,5004
SHD1SHED FRAME  336.00 S.F.$2,5005
SHD1SHED FRAME  702.00 S.F.$5,3003
FGR1GARAGE 1 STY  1100.00 S.F.$22,0002
FGR1GARAGE 1 STY  1452.00 S.F.$29,0005
FGR1GARAGE 1 STY  484.00 S.F.$9,7004
SHD1SHED FRAME  336.00 S.F.$2,5006
SHD1SHED FRAME  594.00 S.F.$4,5007
SPL2POOL-INGR VINL  1479.00 S.F.$14,8001
SHD1SHED FRAME  717.00 S.F.$5,4002
SHD1SHED FRAME  87120.00 S.F.$653,4001
FGR1GARAGE 1 STY  1452.00 S.F.$29,0004
LT1LIGHTS-IN W/PL  33.00 UNITS$16,5001
FOPOPEN PORCH  100.00 S.F.$1,3001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2026$53,210,100$7,353,000$60,563,100
2025$52,139,700$7,353,000$59,492,700
2024$50,609,000$7,353,000$57,962,000

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