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1 Tropical Drive, Ocean Ridge, FL 33435

Ocean Ridge
Local realty services provided by:CENTURY 21 All Professional
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:1 day(s) ago
  • Updated:February 27, 2026 at 11:24 AM

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
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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