- MLS#: R11151426 ( Residential Income )
- Street Address: 1 Tropical Drive
- Viewed: 2
- Price: $2,795,000
- Price sqft: $648
- Waterfront: No
- Year Built: 1956
- Bldg sqft: 4310
- Total Baths: 2
- 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
Nearby Subdivisions
Amended Place Of Boyntons
Boynton Beach Park
Boynton Beach Park In
Boynton Sub
Coastal Shores West
Inlet Cay
Mc Cormick Mile
Mc Cormick Mile Add
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Palm Beach Shore Acres
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Shore View
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Tropical Park
Tropical Shores
PRICED AT ONLY: $2,795,000
Address: 1 Tropical Drive, Ocean Ridge, FL 33435
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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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Building and Construction
- Flooring: Terrazzo, Tile
- Roof: Concrete
Eco-Communities
- Pool Features: In Ground
- Water Source: Public
Utilities
- Cooling: Ceiling Fan(s), Wall/Window Unit(s)
- Electric: Three Phase
- Heating: Window/Wall
- Road Frontage Type: East of US-1
- Sewer: Public Sewer
- Utilities: Cable Available, Sewer Available, Water Available
Amenities
- Association Amenities: Pool
Finance and Tax Information
- Tax Year: 2025
Rental Information
- Tenant Pays: Cable TV, Electricity
Other Features
- 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
- Zoning Code: RMM(ci
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