For sale

$2,795,000

1 Tropical Drive, Ocean Ridge, FL 33435

--beds

2baths

3,397sqft

Est.:

Triplex, Multi Family, Multi Family

Built in 1956

-- sqft lot

$-- Zestimate^®

$823/sqft

$-- HOA

What's special

Swimming poolComplete accordion shutters

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.

73 days

313

7

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 2

Heating

Wall Furnace

Cooling

Ceiling Fan(s), Wall/Window Unit(s)

Features

Flooring: Terrazzo, Tile

Interior area

Total structure area: 4,310
Total interior livable area: 3,397 sqft

Video & virtual tour

View virtual tour

Property

Features

Levels: One
Stories: 1
Patio & porch: Patio
Exterior features: Outdoor Living Area
Has private pool: Yes
Pool features: In Ground, Association
Waterfront features: None

Lot

Size: 0.3 Acres
Features: 1/4 to 1/2 Acre Lot

Details

Parcel number: 46434534050010190
Zoning: RMM(ci
Special conditions: Listed As-Is

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex, Multi Family, Multi Family

Materials

Block
Roof: Concrete

Condition

Resale
New construction: No
Year built: 1956

Utilities & green energy

Electric: 3 Phase
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Sewer Available, Water Available

Community & HOA

Community

Subdivision: PALM BEACH SHORE ACRES

HOA

Has HOA: No
Amenities included: Pool

Location

Region: Ocean Ridge

Financial & listing details

Price per square foot: $823/sqft
Tax assessed value: $1,143,753
Annual tax amount: $21,714
Date on market: 1/5/2026
Cumulative days on market: 74 days
Listing terms: Cash
Tenant pays: Cable TV, Electricity

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
1/5/2026	Listed for sale	$2,795,000+598.8%$823/sqft
Source: BeachesMLS #RX-11151426 Report a problem
8/16/1996	Sold	$400,000$118/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$21,665 +2.2%	$1,141,456 +10%
2023	$21,205 +12.9%	$1,037,687 +10%
2022	$18,781 +4.5%	$943,352 +10%
2021	$17,965 +12.9%	$857,593 +10%
2020	$15,909 +3.8%	$779,630 +6.4%
2019	$15,323	$732,879 -1.2%
2018	$15,323 +9.4%	$741,903 +9%
2017	$14,008 +8%	$680,353 +23.6%
2016	$12,974 +5.8%	$550,623 +10%
2015	$12,268 +7.7%	$500,566 +10%
2014	$11,396 +16.6%	$455,060 +5.2%
2013	$9,777 +3.8%	$432,484 +5.5%
2012	$9,420 -1%	$410,080 +1%
2011	$9,515 +9.2%	$406,056 +10%
2010	$8,711 -7.7%	$369,142 -11.4%
2009	$9,441 -21.2%	$416,657 -28%
2008	$11,983 -35.2%	$578,651 -35.4%
2006	$18,484	$895,539 +30.5%
2005	--	$686,142 +34.4%
2004	$5,834 +1275.9%	$510,510 +59.2%
2003	$424 -94.1%	$320,573 -0.2%
2002	$7,152 +33.7%	$321,372 +37.9%
2000	$5,348 +9%	$233,061 0%
1999	$4,904	$233,095