1 Tropical Drive, Ocean Ridge, FL 33435
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- MLS#: R11151426 ( Residential Income )
- Street Address: 1 Tropical Drive
- Viewed: 53
- Price: $2,795,000
- Price sqft: $648
- Waterfront: No
- Year Built: 1956
- Bldg sqft: 4310
- Total Baths: 2
- Days On Market: 47
- Additional Information
- Geolocation: 27 / -80
- County: Palm Beach
- City: Ocean Ridge
- Zipcode: 33435
- Subdivision: Palm Beach Shore Acres
- Provided by: Compass Florida LLC
- DMCA Notice
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DescriptionPrime 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.
Property Location and Similar Properties
Features
Possible Terms
- Cash
Association Amenities
- Pool
Close Date
- 0000-00-00
Cooling
- Ceiling Fan(s)
- Wall/Window Unit(s)
Electric
- Three Phase
Flooring
- Terrazzo
- Tile
Heating
- Window/Wall
Legal Description
- PALM BEACH SHORE ACRES BLKS A~ B & Z E 126.05 FT OF W 144.05 FT OF LT 16 BLK A
Parcel Number
- 46434534050010190
Pool Features
- In Ground
Property Type
- Residential Income
Road Frontage Type
- East of US-1
Roof
- Concrete
Sewer
- Public Sewer
Tax Year
- 2025
Tenant Pays
- Cable TV
- Electricity
Utilities
- Cable Available
- Sewer Available
- Water Available
Views
- 53
Virtual Tour Url
- https://www.propertypanorama.com/1-Tropical-Drive-Ocean-Ridge-FL-33435--RX-11151426/unbranded
Water Source
- Public
Year Built
- 1956
Zoning Code
- RMM(ci


