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16 Tropical Dr, Ocean Ridge FL 33435

House Active With Contract
$1,495,000

BTC: 24.75165563

ETH: 937.48628260

-$105K (2026/05/22)
75 days
3 bds
3 ba
1,716 sqft

Overview

HUGE PRICE ADJUSTMENT. SELLERS MOTIVATED Build Your Dream Coastal Home – Steps from the Beach with private access. Seize a rare opportunity to create a custom single-family residence just steps from the beach in the exclusive enclave of Ocean Ridge—known for its private beaches, low-density zoning, and strong redevelopment demand. This exceptional property offers the opportunity to take advantage of a great location, with a vision already in place. The home has been meticulously crafted to maximize the full potential of the lot, setting the stage for a stunning modern coastal retreat. The property comes with fully approved architectural, landscape, and interior design plans, saving you significant time, cost, and uncertainty. Skip the lengthy board approval process and bring your dream home to life immediately. In addition to its single-family potential, the property also presents a compelling investment opportunity as there's an existing two family dwelling. With renovation, this offers flexibility for rental income or long-term portfolio growth. Whether you're looking to build your dream home by the coast or capitalize on a high-yield investment, Ocean Ridge offers a rare combination of privacy, luxury, and proximity to Delray Beach, Boca Raton, and Palm Beach—making this a unique opportunity to step into a project with approvals already in place.

Location

Details

Type:
Residential
Parking:
Driveway
Year Built:
1970
Lot:
10000 Square Feet
Heating:
Central
Price/sqft:
$871
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,124,500
$355K – $2.5M
Confidence Low
List vs. estimate
$370K above estimate
List $1,495,000 · +32.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$871
-22.2% vs. city median $1,119
Based on
8 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $342K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,871
2025
View
None
All facts and features
  • Flooring

    • Carpet

    Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • First Floor Entry

    • Studio Apartment

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Parking

    • Driveway

    Property

    • Exterior Features: None

    Lot

    • Lot: 10000 Square Feet

    Other Property Information

    • Parcel Number: 46434534050010300

    • Zoning: RMM (cit

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $3,871

  • Source details

    • MLS ID: A11987325

    Other facts

    • Construction Materials: Stucco

    • Laundry Features: Washer/Dryer Hook-Up

    • Lot Features: Less Than 1/4 Acre Lot

    • Direction Faces: North

    • Architectural Style: Detached / One Story

    • Living Area: 1716

    • Water Source: Municipal Water

    • Subdivision Name: PALM BEACH SHORE ACRES

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: United Realty Group Inc