Rio-Mar Apartments Co-Op
Homes for Sale in Pompano Beach, FL

Rio-Mar Apts Co-Op is a cooperative ownership community in Pompano Beach. With only two closings in the past two years, it operates more like a tightly held building than an active resale market.

BeachesMLS sales records identify 7 homes in Rio-Mar Apartments Co-Op that have changed hands since 2020, built between 1961 and 1961 (median 1961), with a median living area of about 600 sq ft and a typical 1-bedroom, 1-bath layout. Source: BeachesMLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Rio-Mar Apartments Co-Op is too small for its own price trend, so here is the market around it.

In ZIP 33062, 753 homes are on the market and 10% are under contract — a slower corner of Pompano Beach.

Across Broward County, 14,784 homes are active and 2,812 pending (16% under contract).

In ZIP 33062 (Pompano Beach), 72 homes closed in the last 12 months at a median of $510K ($385/sq ft), down 12.5% year over year, with a median 70 days on market. Right now 22 active and 8 pending listings. See the live ZIP 33062 housing market and the Broward County market.

ZIP and county figures describe the wider market, not Rio-Mar Apartments Co-Op specifically. Momentum Research analysis of MLS records.

• Cresthaven · Elementary
• Pompano Beach · Middle
• Blanche Ely · High

Zoned schools reflect the assignments reported on recent Rio-Mar Apartments Co-Op listings and can change; always confirm with Broward County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Rio-Mar Apartments Co-Op address.

Cooperative ownership is rare in Florida—most buyers have never encountered it. You do not receive a deed; you own shares in a corporation, and the corporation owns the real estate. Your occupancy is governed by a proprietary lease. The board of directors has broad authority: they interview prospective buyers, review financials in detail, and can reject a sale for reasons that would be prohibited in condo governance. Many co-ops restrict or prohibit financing, requiring all-cash purchase. The ones that do allow loans require a lender familiar with share-loan structures, and those lenders are fewer and their rates higher.

The upside is that co-op fees often cover more than condo fees (sometimes including property taxes and utilities), and boards maintain tight control over who lives in the building—appealing to buyers who value stability and low turnover. The downside is illiquidity: your buyer pool is small, your sale timeline is long, and you are subject to board discretion at both entry and exit. Rio-Mar's two closings over two years underscore that reality.

We have no amenity data from current listings, which is consistent with older, smaller co-op buildings that emphasize affordability and low-overhead operation over resort-style features. Location in Pompano Beach offers proximity to the coast and Broward's infrastructure, but co-op ownership here is a niche play—appropriate for a specific buyer, problematic for most.

Co-op transactions require an agent who understands corporate governance, share-loan mechanics, and board approval timelines—and who will walk you away if the structure does not fit your goals. We coordinate with the handful of lenders who handle co-op financing, manage board-package preparation, and set realistic expectations for approval and closing. If you are a seller, we identify the narrow but real audience of cash buyers and co-op-experienced investors who can actually close. This is not a market for volume; it is a market for precision, and we do not take the listing unless we believe we can deliver a vetted buyer the board will approve.