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1 Tropical Drive
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PRICED AT ONLY: $2,795,000

Address: 1 Tropical Drive, Ocean Ridge, FL 33435

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. 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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  • MLS#: R11151426 ( Residential Income )
  • Street Address: 1 Tropical Drive
  • Viewed: 32
  • Price: $2,795,000
  • Price sqft: $648
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 4310
  • Total Baths: 2
  • Days On Market: 29

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. 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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Features
Building and Construction
  • Flooring: Terrazzo, Tile
  • Roof: Concrete
Eco-Communities
  • Pool Features: In Ground
  • Water Source: Public
Utilities
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Electric: Three Phase
  • Heating: Window/Wall
  • Road Frontage Type: East of US-1
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
Amenities
  • Association Amenities: Pool
Finance and Tax Information
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Cable TV, Electricity
Other Features
  • Legal Description: PALM BEACH SHORE ACRES BLKS A~ B & Z E 126.05 FT OF W 144.05 FT OF LT 16 BLK A
  • Parcel Number: 46434534050010190
  • Views: 32
  • Zoning Code: RMM(ci
Nearby Subdivisions
Amended Place Of Boyntons   Boynton Beach Park   Boynton Beach Park In   Boynton Sub   Boynton Sub.   Coastal Shores West   Inlet Cay   Island Drive South Estates   Mc Cormick Mile   Mc Cormick Mile Add   Mc Cormick Mile Add 1   Mccormick Mile   Ocean Ridge   Ocean Shore Estates   Palm Beach Shore Acres   Palm Beach Shore Acres Blks A,   Ridge Harabour Ests In   Ridge Harbour Estates   Shore View   Shoreview   Tropical Park   Tropical Shores  
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Details for 917 36th Court, Boynton Beach, FL 33435
$2,999,000.00 ($633.24 / sqft )

917 36th Court Virtual Tour More Like This

Coastal Modern Luxury in Lake Eden 5 Bedrooms | 5 Bathrooms Welcome to your private coastal retreat in the coveted Lake Eden neighborhood of Boynton Beach, ideally located adjacent to Lake Ida and

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  1. Bedrooms: 5
  2. Baths: 5
  3. Approx. 4736 sqft
  1. MLSID: R11150370
  2. Provided by The Corcoran Group
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