1 Tropical Drive FL Ocean Ridge FL MLS #R11142310

1 Tropical Drive FL
Ocean Ridge, FL,
$2,795,000
Beds
8 Baths
0 SqFt
0.3 Acres
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MLS #R11142310 image #0
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.
Listing Provided Courtesy of Compass Florida LLC

Property Details

Price:
$2,795,000
MLS #:
R11142310
Status:
Active
Beds:
0
Baths:
8
Type:
Commercial
Subtype:
Multi Family
Neighborhood:
4120
Listed Date:
Nov 20, 2025
Total Sq Ft:
4,310
Lot Size:
13,068 sqft / 0.30 acres (approx)
Year Built:
1956

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Schools

Interior

Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Flooring
Terrazzo, Tile
Heating
Window/Wall

Exterior

Construction Materials
CBS
Roof
Concrete, Tar/Gravel
Security Features
Fire Alarm, Smoke Detector(s)

Financial

Maintenance Fee
$17,616
Net Operating Income
$124,731
Tax Year
2025
Taxes
$21,714

Map

Community

Subdivisions in Ocean Ridge

Market Summary

Current real estate data for Commercial in Ocean Ridge as of Feb 03, 2026
1
Commercial Listed
74
Avg DOM
$2,795,000
Avg List Price

Property Summary

    1 Tropical Drive FL Ocean Ridge FL is a Commercial for sale in Ocean Ridge, FL, . It is listed for $2,795,000 To schedule a showing of MLS#r11142310 at 1 Tropical Drive FL in Ocean Ridge, FL, contact your Acquire Palm Beach LLC agent at 561-279-3333.

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disclosure
Courtesy of Compass Florida LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broward, Palm Beaches & St. Lucie Realtors®. Detailed information about real estate listings held by brokerage firms other than Acquire Palm Beach LLC include the name of the listing broker. Neither the listing company nor Acquire Palm Beach LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Broward, Palm Beaches & St. Lucie Realtors®. All rights reserved.
Rover IDX
1 Tropical Drive FL
Ocean Ridge, FL