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Palm Beach Shore Acres, 1 Tropical Dr 1 #, Ocean Ridge, FL, Florida 33435

3,397SqFt

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Details

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Status:
Active
Size: 3,397 SqFt (316 m2)
Price: $823/SqFt ($8,856/m2)
Type: Multi Family
Built: 1956
MLS Number: R11151426
On Site: 10 Days
Updated: 9 Days ago
Page Views: 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.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: OutdoorLivingArea
      Interior, Heating and Cooling
      • Heating Description: WallFurnace
      • Cooling Description: CeilingFans, WallWindowUnits
      Building and Construction
      • Floor Description: Terrazzo,Tile
      • Year Built: 1956
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2026-01-04T19:00:00.000-00:00
        Taxes, Fees & More
        • Taxes: 21714
        • Total Units in Complex: 8

        Apples-to-Apples Comparables

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        Price History

        01/05/2026

        Date

        Listed

        Event

        $2.8M

        Price

        $823 ft2 / $8,856 m2

        Price Per

        Price per square foot and days on website are not provided values and are calculated by Subdivisions.

        Listed by Joshua McDonaldCompass Florida LLC • Buyer Agency Compensation .

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        Palm Beach Shore Acres Communities in Ocean Ridge, FL

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