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

Rio-Mar Apartments Co-Op market snapshot (as of September 20, 2026): the median sale price is about $159K ($265 per sq ft over the trailing 12 months of closed sales), and a median 26 days on market for closed sales. The trailing-12-month median is up 12% from the prior 12 months, computed from record-level Beaches MLS closed sales (3 closings in the current window).

In ZIP 33062 (Pompano Beach), 585 homes closed in the last 12 months at a median of $510K ($388/sq ft), up 0.6% year over year, with a median 72 days on market. Right now 233 active and 43 pending listings put supply at about 7.0 months — a buyer's market. See the live ZIP 33062 housing market and the Broward County market.

County records show 4 qualified sales in Rio-Mar Apartments Co-Op across 2024–2025 (1 in 2024, 3 in 2025), median $155,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Rio-Mar Apartments Co-Op is a community of 27 homes in Pompano Beach, Broward County, built between 1947 and 2018 (median 1961), with a median living area of about 600 square feet. 38% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

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.

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.

Listings in this community report association dues of about $450 per month ($5,400 a year) — the median AssociationFee across 24 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.