1 Tropical Drive, Ocean Ridge, FL, 33435
1 Tropical Drive, Ocean Ridge, FL, 33435
$2,795,000
Basics
- Сomwire last checked: 11:21 am on March 07, 2026
- Listing updated: February 04, 2026 at 7:19 am
- Days on Сomwire: 61
- Year built: 1956
- Status: Active
- Price per sqft: $822.78
- Date added: January 05, 2026 at 10:49 am
- Bathrooms: 1
- HOA Dues $: $1
- Est. Taxes: $21,714
- For Sale: No
- For Lease: No
- SqFt Living: 3397.00 sq ft
- SqFt Total: 4310.00 sq ft
- 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
- Zoning: RMM(ci
Building Details
- Type: Triplex
Additional Info
- Listing Agent: Joshua McDonald
- Listing Agent Phone: (561) 633-6345
- MLS ID: RX-11151426
- MLS Source: Greater Fort Lauderdale Realtors
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.