1 Tropical Drive, Ocean Ridge, FL, 33435
1 Tropical Drive, Ocean Ridge, FL, 33435
$2,795,000
Basics
- Listing updated: February 04, 2026 at 11:13 am
- Days on Сomwire: 106
- Year built: 1956
- Status: Active
- Price per sqft: $648.49
- Date added: November 20, 2025 at 8:33 pm
- Building size (SF): 4310.00 sq ft
- Acres: 0.30 sq ft
- For Sale: Yes
- For Lease: No
- Listing Office Name: Compass Florida LLC
Description
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Description:
Prime Location: Located one block from the beach in Ocean Ridge, a prestigious and highly desirable area in Florida.8 units comprised of 3 studios and five 1 bed, 1 bath. All on separate elec. meters. Shared coin laundry. Complete Accordion Shutters.100% occupied, annual leases. Some rents are below market. Investment Potential: Ideal for investors looking for a stable income property with strong appreciation. Outdoor Space: features patios, swimming pool, barbecue, Etc. Redevelopment Opportunity: Potential for redevelopment into luxury townhomes or condos, given the upscale neighborhood. Community Appeal: Ocean Ridge is known for its community feel, and exclusivity.Close to Downtown Delray beach, shopping, restaurants, and nightlife.
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Location
- County: Palm Beach
- Subdivision: PALM BEACH SHORE ACRES
- State: FL
- City / Department: Ocean Ridge
- Legal Description: PALM BEACH SHORE ACRES BLKS A~ B & Z E 126.05 FT OF W 144.05 FT OF LT 16 BLK A
- Zoning: RMM(ci
- Land Use: Hotel/ Motel,Income,Mixed
- Parcel ID: 46434534050010190
- Utilities: Cable, Electric, Generator, Public Sewer, Public Water
Building Details
- Type: MultiFamily (5+ Units)
- Building Type: Hotel / Motel, Income, Resident. Multi-Fam.
- Heating: Window/Wall
- Construction: CBS
- Floor covering: Terrazzo Floor, Tile
- Roof: Concrete Tile, Tar/Gravel
- Real Estate Taxes: $21,714
- Tax Year: 2025
- Cooling: Ceiling Fan,Wall-Win A/C
- Docs Available: None
- Info Available: Owner managed
Additional Info
- Listing Agent: Joshua McDonald
- Listing Agent Phone: (561) 633-6345
- Listing Office: Compass Florida LLC
- MLS ID: RX-11142310
- MLS Source: Realtor Association of the Palm Beaches (RAPB)
Website provided by Comwire Realty. Data provided by The Beaches MLS, though FLEXMLS.
The data is obtained from various sources and may not have been verified by the broker or the MLS.