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Lake Ridge, 1020 NE 16th Ter, Fort Lauderdale, FL 33304
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Status:
Sold - Nov 18, 2025
Size: 1,104 SqFt (103 m2)
Price: $466/SqFt ($5,021/m2)
Type: Multi Family
Built: 1951
MLS Number: A11874270
On Site: 213 Days
Updated: 142 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
THINKING OF SELLING
IN Lake Ridge at Fort Lauderdale?
IN Lake Ridge at Fort Lauderdale?
Position your home correctly from day one with a data-backed
pricing strategy and targeted marketing plan
pricing strategy and targeted marketing plan
Price History
11/18/2025
Date
Sold
Event
$515K
Price
0%
Change Rate
$466 ft2 / $5,021 m2
Price Per
10/09/2025
Date
Price Reduced
Event
$515K
Price
-11.05%
Change Rate
$466 ft2 / $5,021 m2
Price Per
10/09/2025
Date
Price Reduced
Event
$579K
Price
-17.29%
Change Rate
$524 ft2 / $5,645 m2
Price Per
09/08/2025
Date
Listed
Event
$700K
Price
$634 ft2 / $6,825 m2
Price Per
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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