For sale

$2,795,000

1 Tropical Drive, Ocean Ridge, FL 33435

--beds

3,397sqft

Est.:

Triplex

Built in 1956

-- sqft lot

$-- Zestimate^®

$823/sqft

$-- HOA

What's special

Swimming poolShared coin laundryComplete 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.

18 days

335

13

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 2
Full bathrooms: 2

Heating

Window/Wall

Cooling

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

Appliances

Included: Electric Range, Refrigerator, Range - Electric

Features

Kitchen
Flooring: Terrazzo, Tile
Windows: Complete Accordion Shutters

Interior area

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

Property

Parking

Total spaces: 1
Parking features: Open, Space Parking, Open Parking
Carport spaces: 1
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Open Patio, Patio
Has private pool: Yes
Pool features: In Ground, Community
Waterfront features: None

Lot

Size: 0.3 Acres
Features: 1/4 to 1/2 Acre, East of US-1

Details

Parcel number: 46434534050010190
Zoning: RMM(ci

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex
Attached to another structure: Yes

Materials

CBS
Roof: Concrete

Condition

Resale
New construction: No
Year built: 1956

Utilities & green energy

Electric: Electric Meter, Separate Electrical Meters
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected, Electricity Connected

Community & HOA

Community

Subdivision: Palm Beach Shore Acres

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
Listing terms: Cash
Tenant pays: Cable TV, Electricity
Electric utility on property: Yes

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