Ocean Ridge, FL·For Sale
1 Tropical Drive
Offered at
$2,795,000
1 Tropical Drive, Ocean Ridge, FL 33435
- 0
- Beds
- 2
- Full Baths
- 3,397
- Sq.Ft.
Listing courtesy of Joshua McDonald, Compass Florida LLC
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.
Overview
At a glance
- Property Type
- Residential Income
- Property Sub-Type
- Triplex
- Address
- 1 Tropical Drive, Ocean Ridge, FL 33435
- Zoning
- RMM(ci
- MLS ID
- R11151426
- Listing Date
- 2026-01-04
- Last Updated
- 4/9/2026, 4:20:42 AM
- Days on Market
- 115
- Subdivision
- PALM BEACH SHORE ACRES
- Stories
- 1
Features & Amenities
The Details
Interior
- Flooring
- Tile, Terrazzo
Exterior
- Construction
- CBS
- Patio & Porch
- Patio - Open, Patio
- Pool
- In Ground
- Water Source
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Available, Sewer Available, Water Available
- Cooling
- Ceiling Fan(s), Wall/Window Unit(s)
- Heating
- Window/Wall
Details
- Building Area
- 4,310 sq.ft.
- Lot Size
- 13,051 sq.ft.
- Lot Size (Acres)
- 0.3 acres
- Subdivision
- PALM BEACH SHORE ACRES
- Stories
- 1
- Year Built
- 1956
- County
- Palm Beach
- Zoning
- RMM(ci
Financial
- List Price
- $2,795,000
- Original List Price
- $2,795,000
- Annual Tax
- $21,714/yr
- Tax Year
- 2025
Location
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Request a Private Showing
Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.