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 #:
R11151426
Status:
Active
Beds:
0
Baths:
2
Type:
Multi Family
Subtype:
Triplex
Subdivision:
PALM BEACH SHORE ACRES
Neighborhood:
4120
Listed Date:
Jan 5, 2026
Finished Sq Ft:
3,397
Total Sq Ft:
4,310
Lot Size:
13,068 sqft / 0.30 acres (approx)
Year Built:
1956
Units:
3
See this Listing
Schools
Interior
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Flooring
Terrazzo, Tile
Heating
Window/Wall
Exterior
Association Amenities
Pool
Construction Materials
CBS
Roof
Concrete
Financial
Tax Year
2025
Taxes
$21,714
Map
Community
- Address1 Tropical Drive Ocean Ridge FL
- SubdivisionPALM BEACH SHORE ACRES
- CityOcean Ridge
- CountyPalm Beach
- Zip Code33435
Subdivisions in Ocean Ridge
- BOYNTON BEACH PARK
- BOYNTON BEACH PARK IN
- BOYNTON SUB
- BOYNTON SUB AMNDED PL
- CAPRI CO-OP APTS INC
- COASTAL SHORES WEST
- Colonial Ridge Corp
- Colonial Ridge Corp, Fairfax
- Crown Colony
- DUNES OF OCEAN RIDGE CONDO
- GULF STREAM VIEWS CONDO BLDG 4
- INLET CAY
- INLET PLAZA CONDO
- MC CORMICK MILE
- MC CORMICK MILE ADD 1
- MCCORMICK MILE REPLAT NO 1
- Ocean Manor
- Ocean Manor Cond
- OCEAN PARK MANOR
- OCEAN PARK MANOR CONDO
- OCEAN RIDGE YACHT CLUB
- OCEAN SHORE ESTATES
- Oceanwalk Condo
- Oyster Bay
- PAGET HOUSE CONDO
- PALM BEACH SHORE ACRES
- PALM BEACH SHORE ACRES BLKS A,B & Z
- Pelican Beach Condos
- PELICAN COVE OF
- PELICAN COVE PLAT OF
- PORTOFINO OF OCEAN RIDGE CONDO
- QUEENS COVE HOUSE ,CROWN COLONY, CROWN COLONY CLUB
- RIDGE HARABOUR ESTS IN
- RIDGE HARBOUR ESTATES
- RIDGE HOMES CONDO
- SHORE VIEW
- Shoreview
- TAMARIND CONDO
- TROPICAL PARK
- TROPICAL SHORES
- TURTLE BEACH CONDO
- VILLAS OF OCEAN RIDGE CONDO
- WELLINGTON ARMS CONDOS
Market Summary
Current real estate data for Multi Family in Ocean Ridge as of Feb 03, 2026
3
Multi Family Listed
16
Avg DOM
967
Avg $ / SqFt
$2,330,000
Avg List Price
Property Summary
- Located in the PALM BEACH SHORE ACRES subdivision, 1 Tropical Drive Ocean Ridge FL is a Multi Family for sale in Ocean Ridge, FL, 33435. It is listed for $2,795,000 To schedule a showing of MLS#r11151426 at 1 Tropical Drive in Ocean Ridge, FL, contact your Acquire Palm Beach LLC agent at 561-279-3333.
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