1020 NE 16th Ter, Fort Lauderdale, FL 33304

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1020 NE 16th Ter,Fort Lauderdale, FL 33304
$699,999
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  • - Beds
  • - Baths
  • 1,104 sq. ft.
  • Multi-family
  • Active
Listed by:caroline sesi
Office:keller williams realty service
MLS#:A11874270
Source:SEFMLS

Price summary

  • Price:$699,999
  • Price per sq. ft.:$634.06

About this home

Redevelopment opportunity in the heart of Fort Lauderdale’s Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development. Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality

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Home facts

  • Year built:1951
  • Listing ID #:A11874270
  • Updated:September 30, 2025 at 05:54 PM

Rooms and interior

  • Living area:1,104 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Flat, Shingle, Tile
  • Year built:1951
  • Building area:1,104 sq. ft.

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$699,999
  • Price per sq. ft.:$634.06
  • Tax amount:$7,278 (2024)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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