$2,795,000
1 Tropical Drive
Ocean Ridge, FL, 33435
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Project Description
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. Whole building generator. Complete Accordion Shutters.100% occupied, annual leases. Some rents are lower than market due to the lease length of time. 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.
Financial
Utilities
Cable, Electric, Generator, Public Sewer, Public Water
Investment results for buyers and agents
Property Details
Price:
$2,795,000
MLS #:
RX-11142310
Status:
Active
Baths:
0
Type:
Commercial
Subtype:
MultiFamily (5+ Units)
Subdivision:
PALM BEACH SHORE ACRES
Listed Date:
Nov 20, 2025
Lot Size:
13,068 sqft / 0.30 acres (approx)
Year Built:
1956
Schools
Interior
Cooling
Ceiling Fan, Wall- Win A/C
Flooring
Terrazzo Floor, Tile
For Lease
No
Heating
Window/Wall
Exterior
% Air Conditioned
100.00
Construction
CBS
Roof
Concrete Tile, Tar/Gravel
de todo
Map
Quick Information

Profitability of the Property
Net Monthly Income:
Annual Profitability of:
Rental ROI
Property Direction
- Address1 Tropical Drive Ocean Ridge FL
- SubdivisionPALM BEACH SHORE ACRES
- CityOcean Ridge
- CountyPalm Beach
- Zip Code33435
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Listing courtesy of Compass Florida LLC, (561)–285–4794
© 2025 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed. This site was last updated Dec 07 2025 6:02:21 am.
© 2025 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed. This site was last updated Dec 07 2025 6:02:21 am.
1 Tropical Drive
Ocean Ridge, FL
