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$560,000
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Property Description
Prime development opportunity in Lake Ridge! This 135' x 50' lot is perfect for building two luxury townhomes, each with 25' of frontage. New construction townhomes in the area are selling for upwards of $1.3M, making this an excellent investment for developers. Existing multifamily structure has month-to-month tenants who have been notified of the sale. Property is being sold at land value. Zoned for multifamily use and located just minutes from downtown Fort Lauderdale, beaches, and shopping. Don't miss this chance to build in one of Fort Lauderdale's fastest-growing neighborhoods.
Full Property Details
Full Property Details for 1116 NE 17th Terrace
General
- Sold For: $560,000
- Taxes: (2024)
- Status: Closed
- Type: Residential Lots
- Source: Ft_Lauderdale
- MLS ID: F10506940
- Added to Site: 231 day(s) ago
Location
- Area: 3380
- County: Broward County
- Subdivision: Progresso 2-18 D
- Direction Faces: West
Lot Features
- Lot Size (Acres): 0.155
- Lot Size (Sq. Ft.): 6,746
- Lot Size: 6746
- Development Status: Other Development Incl
- Trees/Vegetation: Other Trees
- Zoning: RC-15
Financial Considerations
- Tax Year: 2024
- Terms: Cash
Disclosures and Reports
- Legal Description: PROGRESSO 2-18 D LOT 17 BLK 160
- Property ID: 494234044340
Listed and Sold by Compass Florida, LLC
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Schools
Schools serving 1116 NE 17th Terrace
School District:Broward County School District
| Name | Grades | Distance |
|---|---|---|
Bennett Elementary School 1755 Northeast 14th Street, Fort Lauderdale, FL 33304 | K-5 | 0.4 mi |
Sunrise Middle School 1750 Northeast 14th Street, Fort Lauderdale, FL 33304 | 6-8 | 0.3 mi |
Fort Lauderdale High School 1600 Northeast 4th Avenue, Fort Lauderdale, FL 33305 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1116 NE 17th Terrace
Date
Details
Price
Change
Source
7/30/2025
Sold
$560,000
-6.67%
MLS
6/02/2025
Listed
$600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1116 NE 17th Ter, Fort Lauderdale, FL 33304 (MLS# F10506940) is a Residential Lots property that was sold at $560,000 on July 30, 2025. Want to learn more about 1116 NE 17th Ter? Do you have questions about finding other Residential Lots real estate for sale in Lake Ridge? You can browse all Lake Ridge real estate or contact a Coldwell Banker agent to request more information.

