1 Tropical Drive, Ocean Ridge, FL 33435

Ocean Ridge
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1 Tropical Drive,Ocean Ridge, FL 33435
$2,795,000
Virtual Tour
  • - Beds
  • 2 Baths
  • 3,397 sq. ft.
  • Multi-family
  • Active
Listed by: joshua mcdonald
Office: compass florida llc.
MLS#:R11151426
Source:RMLS

Price summary

  • Price:$2,795,000
  • Price per sq. ft.:$648.49

About this home

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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Home facts

  • Year built:1956
  • Listing ID #:R11151426
  • Added:27 day(s) ago
  • Updated:March 26, 2026 at 02:41 PM

Rooms and interior

  • Total bathrooms:2
  • Flooring:Terrazzo, Tile
  • Living area:3,397 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Concrete
  • Year built:1956
  • Building area:3,397 sq. ft.
  • Lot area:0.3 Acres
  • Construction Materials:Block
  • Exterior Features:Patio
  • Levels:1 Story

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$2,795,000
  • Price per sq. ft.:$648.49
  • Tax amount:$21,714 (2025)

Features and amenities

  • Pool features:Association, In Ground, Pool
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