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1 Tropical Drive Ocean Ridge, FL $ 2,795,000
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$ 2,795,000 Get more info
1 Tropical Drive
$ 2,795,000
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1 Tropical Drive

Ocean Ridge, FL, 33435
$ 2,795,000
Baths2.0 Sq 3,397

Monthly Estimate*

$ 17,209

1 Tropical Drive, Ocean Ridge, FL 33435 - Image 1
Studio

Multi-Family Home for sale in Ocean Ridge, FL

for $2,795,000 with 2 full baths. This 3,397 square foot home was built in 1956 on a lot size of 0.29961.

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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Multi-Family Active

Price

$ 2,795,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 21,714

Style

Triplex

Lot Size

0.29961

Year Built

1956

Town/City

Ocean Ridge

County/Region

Palm Beach

MLS | Web ID

RX11151426
Features
Exterior
Lot Description 1/4 to 1/2 Acre East of US-1
Exterior Amenities Open Patio
Waterfront No None
Private Pool Y/N Yes
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General
Construction CBS
Heating Window/Wall
Cooling Ceiling Fan Wall-Win A/C
Utilities Cable Electric Public Sewer Public Water
Possession At Closing Funding
Roof Concrete Tile
Zoning RMM(ci
HOA None
Status Active
Year Built 1956
REO No
Subdivision PALM BEACH SHORE ACRES
Stories Count 1.0
Type Triplex
Property Type B
Area 4120
Auction No
Tax Year 2025
Terms Considered Cash
Gated Community No
Short Sale No
Restrict None
Special Info Sold As-Is
Taxes 21714.00
Adult 55+ No Hopa
Geo Area PB11
Legal Description PALM BEACH SHORE ACRES BLKS A~ B & Z E 126.05 FT OF W 144.05 FT OF LT 16 BLK A
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Interior
Flooring Terrazzo Floor Tile
SqFt - Living 3397.00
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Internal Only
OriginalMLSID RX-11151426
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* Excluded Features
List By
Joshua McDonald

Listing Agent

Compass Florida Llc

Broker

myrealtorjoshua@gmail.com

Email

Affordability Calculator

$19,019
Per Month
90%
10%
0%
Monthly Principal & Interest
$17,209
Monthly Property Taxes
$1,810
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
368239 Elementary School
368240 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/5/2026$2,795,000 Listed Price

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1 Tropical Drive, Ocean Ridge, FL, 33435 is a Multi-Family Home for sale at $2,795,000 with 3,397 sqft and a lot size of 0.29961. 1 Tropical Drive is a studio with 2.0 baths and was built in 1956. The property's zip code is 33435 which is in Ocean Ridge, FL

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