Multifamily in Fort Lauderdale, FL 33304Lake Ridge, 1020 NE 16th Ter
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Closed
1,104
SqFtStatus
Sold - Nov 18, 2025
Size
1,104 SqFt (103 m2)
Price
$466/SqFt ($5,021/m2)
Type
Multifamily
Built
1951
MLS Number
A11874270
On Site
368 Days
Updated
14 Days ago
Page Views
0
Redevelopment opportunity in the heart of Fort Lauderdale’s Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development.
Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: WallFurnace
- Cooling Description: WallWindowUnits
Building and Construction
- Floor Description: Terrazzo
- Year Built: 1951
- Year Built Description: Resale
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-09-08T12:43:47.000-00:00
Taxes, Fees & More
- Taxes: 7278
Apples-to-Apples Comparables
Price History
Current
$515K
High
$700K
Low
$515K
Total Change
-26.4%Date
Event
Price
Change
Price Per
11/18/2025
Sold
$515K
0%$466 ft2
$5,021 m2
10/09/2025
Price Reduced
$515K
-11.05%$466 ft2
$5,021 m2
10/09/2025
Price Reduced
$579K
-17.29%$524 ft2
$5,645 m2
09/08/2025
Listed
$700K
$634 ft2
$6,825 m2
11/18/2025
$515K
Event
Sold
Change
0%Price Per
$466 ft2
$5,021 m2
10/09/2025
$515K
Event
Price Reduced
Change
-11.05%Price Per
$466 ft2
$5,021 m2
10/09/2025
$579K
Event
Price Reduced
Change
-17.29%Price Per
$524 ft2
$5,645 m2
09/08/2025
$700K
Event
Listed
Price Per
$634 ft2
$6,825 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Caroline Sesi • Keller Williams Realty Service • Buyer Agency Compensation .
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Scores
81
100
38
100
57
100
77
100
0
100
29
100
1
100
Community Snapshot
1 – 4 BR
Bedrooms
$145K – $1.6M
Price Tier
540 - 10,650
SqFt Range
2004
Year Build
2
Total Floors
Subdivision Amenities
None
Pool
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Lake Ridge Communities in Fort Lauderdale, FL
Mid-Tier
Mid-Tier 4
Premium
Premium 2
Entry-Level
Entry-Level 4
Inactive Segment
Inactive Segment 2
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