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1 Tropical Drive Ocean Ridge, FL 33435
3,397 Sqft, Triplex
AGENT'S REMARKS ABOUT 1 TROPICAL DRIVE
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.PROPERTY DETAILS
- Property Type: Triplex
- Approx Living Area: 3,397 SqFt
- Year Built: 1956
- Lot Size: 13,051 SqFt
- Flooring: Tile, Terrazzo
- Pool Description: In Ground
- Roof: Concrete
- Age Restrictions: No
- Construction: CBS
- Cooling System: Ceiling Fan(s), Wall/Window Unit(s)
- Heating: Window/Wall
- Utility Information: Cable Available, Sewer Available, Water Available
- County: Palm Beach
- Area: 4120
- Subdivision: PALM BEACH SHORE ACRES
- Community Features: Pool
- Age Restricted: No
- Annual Property Taxes: $21,714
MAP LOCATION FOR 1 TROPICAL DRIVE OCEAN RIDGE, FL 33435
Do you have questions about 1 Tropical Drive Ocean Ridge, FL 33435? Contact us for more information and to schedule a tour. You can browse all Ocean Ridge Real Estate and Homes for Sale. Brett Colby Group is a local top real estate service in Palm Beach County, FL. Your complete satisfaction is our First Priority.
Listing courtesy of Compass Florida LLC 04.09.2026