{"id":263653,"date":"2026-05-08T16:48:12","date_gmt":"2026-05-08T16:48:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/263653\/"},"modified":"2026-05-08T16:48:12","modified_gmt":"2026-05-08T16:48:12","slug":"breakwater-studios-in-north-jacksonville-sells-for-12-3-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/263653\/","title":{"rendered":"Breakwater Studios in North Jacksonville sells for $12.3 million"},"content":{"rendered":"

Breakwater Studios, a North Jacksonville apartment community created through an adaptive reuse of a hotel, was sold for $12.3 million May 5.<\/p>\n

Shoreline Capital CRE LLC of Hallandale Beach sold the property at 1057 Broward Road through 1057 Broward Landing LLC.<\/p>\n

TLV Investments 2 LLC purchased the studios through Jax Fund 5 LLC, both based in Sunrise.\u00a0<\/p>\n

The property is on 8.65 acres and was built in 1973 as a motel. It was a hospitality property until the early 2020s, when it was renovated into a 192-unit studio apartment complex.\u00a0<\/p>\n

The unit price for the sale is $64,062.<\/p>\n

\"Breakwater<\/p>\n

Breakwater Studios, built in 1973 as a motel, includes 192 units near the Jacksonville Zoo and Botanical Gardens.<\/p>\n

Special to the Daily Record<\/p>\n

The studios are 286 to 316 square feet with rents from $800 to $890, according to Apartments.com.<\/p>\n

Listed as a smoke-free community, Breakwater Studios includes a grilling and picnic area, laundry facilities, key fob entry, a clubhouse, a courtyard and bicycle storage. Property management and maintenance are on-site.<\/p>\n

The apartments are near the Jacksonville Zoo and Botanical Gardens, west of Interstate 95 and north of Zoo Parkway.<\/p>\n

The property last sold in October 2022 for $7.39 million.<\/p>\n

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