Homes for sale - 1 Tropical DR, Ocean Ridge, FL 33435

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Galen Walter

galen@haven.realty +1(828) 329-9213

Listed by Compass Florida LLC

$ 2,795,000

Est. payment | -/mo

8 Baths

4,310 SqFt

Save Virtual Tour

$ 2,795,000

Est. payment | -/mo

Save Virtual Tour

8 Baths

4,310 SqFt

Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 4,310 sqft

Price per Sqft $648

Subdivision Palm Beach Shore Acres

MLS Listing ID RX-11142310

Construction Status Resale

Year Built 1956

Annual Tax Amount $21,714

Tax Year 2025

Lot Size 0.300 Acres

Property Sub-Type MultiFamily (5+ Units)

Property 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.

Location

State FL

County Palm Beach

Area 4120

Zoning RMM(ci

Interior

Heating Window/Wall

Cooling Ceiling Fan, Wall-Win A/C

Flooring Terrazzo Floor, Tile

Fireplaces Type Smoke Alarm, Smoke Detector

Exterior

Utilities Available Cable, Electric, Generator, Public Sewer, Public Water

Roof Type Concrete Tile,Tar/Gravel

Building

Story 100.00

Foundation CBS

Construction Status Resale

Others

Miscellaneous Laundry

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

Financing Cash,Exchange

Virtual Tour https://www.propertypanorama.com/1-Tropical-Drive-Ocean-Ridge-FL-33435/unbranded

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 16

8

S. D. Spady Elementary School

Public | PK - 6
8

Crosspointe Elementary School

Public | KG - 5
7

Poinciana Elementary School

Public | KG - 5
5

Plumosa School of the Arts

Public | KG - 5
5

Forest Park Elementary School

Public | KG - 5
5

Galaxy Elementary School

Public | PK - 5
2

Boynton Beach Community High School

Public | PK - 12
0

Daughter of Zion Junior Academy

Private | PK - 7
0

Trinity Lutheran School

Private | PK - 8
0

Trinity Evangelical Lutheran Chrch of del Ray Bch

Private | PK - 8
0

St Vincent Ferrer School

Private | PK - 8
0

Unity School

Private | PK - 8
0

St Joseph's Episcopal School

Private | PK - 8
0

Gulf Stream School

Private | PK - 8
0

Daystar Academy of Excellence Charter School

Public | KG - 5
0

Charter School of Boynton Beach

Public | KG - 9

Middle Schools 3

3

Congress Middle School

Public | 6 - 8
0

Igeneration Empowerment Academy

Public | 6 - 12
0

South Tech Preparatory Academy

Public | 6 - 8

High Schools 5

4

South Tech Academy

Public | 9 - 12
0

Tomorrow's Promise Community School

Public | 9 - 12
0

Gulfstream L.I.F.E. Academy

Public | 9 - 12
0

South Technical Adult Education

Public | 9 - 12
0

Quantum High School

Public | 9 - 12

School and business data provided by Attom Data.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(828) 329-9213

galen@haven.realty

1 Tropical DR Ocean Ridge, FL 33435