16 Tropical Dr, Ocean Ridge, FL 33435 — MLS photo

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16 Tropical Dr, Ocean Ridge, FL 33435

Active · SingleFamilyResidence

$1,395,000

16 Tropical Dr, Ocean Ridge, FL 33435

Beds
3
Baths
3
Living area
1,716 sq ft
$ / sq ft
$813/sq ft
Year built
1970
Lot size
10,000 sq ft
HOA fee
—
Annual tax
—

About this property

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 worth over $100,000, 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.

Property location

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16 Tropical Dr, Ocean Ridge, FL 33435

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,716 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1970
Lot size
10,000 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Palm Beach
MLS listing ID
A11987325
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$3,403

Cap rate
2.8%
Net yield
2.8%
Cash-on-cash return
-10.5%
Gross yield
6.0%
Mortgage payment
$6,613/mo
Down payment
$348,750
Loan amount
$1,046,250
Annual NOI
$38,520

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.