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Lake Ridge, 1116 NE 17th Ter #1-3, Fort Lauderdale, FL 33304
0.16Acre
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Details
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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: 289 Days
Updated: 51 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
07/30/2025
Date
Sold
Event
$560K
Price
0%
Change Rate
$83 ft2 / $894 m2
Price Per
07/30/2025
Date
Price Reduced
Event
$560K
Price
-6.67%
Change Rate
$83 ft2 / $894 m2
Price Per
06/02/2025
Date
Listed
Event
$600K
Price
$89 ft2 / $957 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Vito LabalestraCompass Florida, LLC • Buyer Agency Compensation .
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