$2,795,000

1 Tropical Drive, Ocean Ridge, FL 33435

Multi-Family Home
Built in 1956
0.3acre lot
—— car garage
$——/sqft
Listed 29 days ago

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. Whole building generator. Complete Accordion Shutters.100% occupied, annual leases. Some rents are lower than market due to the lease length of time. 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.

Listing Status:: Active
Date Added:: November 16, 2025 at 06:00AM
Listing Office:: Compass Florida LLC : (561) 285-4794
Listing Agent:: Joshua McDonald : (561) 633-6345
MLS ID:: R11142310

Flooring: TerrazzoTile
A/C: Ceiling Fan(s)Wall/Window Unit(s)
Heating: Wall Furnace

Roofing: ConcreteTar/Gravel
General: Block1

Originating MLS: FTL_RMLS
County: Palm Beach

Zoning: PALM BEACH SHORE ACRES BLKS A~ B & Z E 126.05 FT OF W 144.05 FT OF LT 16 BLK A46434534050010190

Utilities: Cable AvailableElectricity AvailableSewer AvailableWater AvailableGenerator
Water: Public
Sewer: Public Sewer

Source: FTL_RMLS

This listing courtesy of Joshua McDonald, Compass Florida LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Forest Park Elementary School

1201 SW 3rd St, Boynton Beach, FL, 33435

Grades PK-5

1.18 miles away

Plumosa School of the Arts

2501 Seacrest Blvd, Delray Beach, FL, 33444

Grades KG-8

1.82 miles away

South Area Secondary Intensive Transition Program

1300 SW 3OTH Avenue, Boynton Beach, FL, 33426

Grades 6-12

2.10 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.