Lake Ridge, 1116 NE 17th Ter #1-3

$600K6.7%
$560,000
0.16
Acre
Status
Sold - Jul 30, 2025
Size
0.16 Acres (627 m2)
Price
$3,500,000/Acre ($894/m2)
Type
Land
MLS Number
F10506940
On Site
467 Days
Updated
229 Days ago
Page Views
0
Prime development opportunity in Lake Ridge! This 135' x 50' lot is perfect for building two luxury townhomes, each with 25' of frontage. New construction townhomes in the area are selling for upwards of $1.3M, making this an excellent investment for developers. Existing multifamily structure has month-to-month tenants who have been notified of the sale. Property is being sold at land value. Zoned for multifamily use and located just minutes from downtown Fort Lauderdale, beaches, and shopping. Don’t miss this chance to build in one of Fort Lauderdale’s fastest-growing neighborhoods.

Features

All features
  • Current Use: Other,Unimproved
  • Approx SqFt Total Area: 6746
  • Property SqFt: 6746
  • Remarks: Prime development opportunity in Lake Ridge! This 135' x 50' lot is perfect for building two luxury townhomes, each with 25' of frontage. New construction townhomes in the area are selling for upwards of $1.3M, making this an excellent investment for developers. Existing multifamily structure has month-to-month tenants who have been notified of the sale. Property is being sold at land value. Zoned for multifamily use and located just minutes from downtown Fort Lauderdale, beaches, and shopping. Don’t miss this chance to build in one of Fort Lauderdale’s fastest-growing neighborhoods.
  • Internet Remarks: Prime development opportunity in Lake Ridge! This 135' x 50' lot is perfect for building two luxury townhomes, each with 25' of frontage. New construction townhomes in the area are selling for upwards of $1.3M, making this an excellent investment for developers. Existing multifamily structure has month-to-month tenants who have been notified of the sale. Property is being sold at land value. Zoned for multifamily use and located just minutes from downtown Fort Lauderdale, beaches, and shopping. Don’t miss this chance to build in one of Fort Lauderdale’s fastest-growing neighborhoods.
  • Waterfront: No info
  • Directions: West
  • Days on Market: 27
  • Closing Date: 2025-07-30
  • Compass Point: NE
  • Office Name: Compass Florida, LLC
  • Area: 6746
  • Taxes: 11482
  • Tax Year: 2024
  • Listing Date: 2025-06-01T20:00:00.000-00:00
  • Lot Size Square Feet: 6746

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Price History

Current
$560K
High
$600K
Low
$560K
Total Change
-6.7%
$605K$580K$555KJun 25Jul 25Jul 25
Date
Event
Price
Change
Price Per
07/30/2025
Sold
$560K
0%
$83 ft2
$894 m2
07/30/2025
Price Reduced
$560K
-6.67%
$83 ft2
$894 m2
06/02/2025
Listed
$600K
 
$89 ft2
$957 m2
07/30/2025
$560K
Event
Sold
Change
0%
Price Per
$83 ft2
$894 m2
07/30/2025
$560K
Event
Price Reduced
Change
-6.67%
Price Per
$83 ft2
$894 m2
06/02/2025
$600K
Event
Listed
Price Per
$89 ft2
$957 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Vito Labalestra • Compass Florida, LLC • Buyer Agency Compensation .

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Scores

Walk Score®
Very Walkable. Most errands can be accomplished on foot
81

100
Transit Score®
Some Transit. A few nearby public transportation options
38

100
Bike Score®
Bikeable. Some bike infrastructure
57

100
Sound Score®
Bearable noise
77

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
29

100
Local Score
Limited local amenities nearby
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

Fort Lauderdale
Mid-Tier
Mid-Tier Homes & Condos

Lake Ridge Communities in Fort Lauderdale, FL