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$1,425,000
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Property Description
Welcome to Lake Ridge-one of Fort Lauderdale's fastest-growing and most exciting neighborhoods, where new construction homes are selling faster than they can be developed. This remarkable collection has already proven its demand: four residences are under contract, four are rented, and only two remain available for purchase. Step inside and immediately experience the difference. Offering over 2,600 square feet under air, each residence features three oversized bedrooms, three-and-a-half luxurious bathrooms, an expansive open-concept layout, and a private resort-style pool. Every detail was carefully selected to deliver the look and feel of a multimillion-dollar custom home. Highlights include a spectacular glass-enclosed chef's kitchen, panel-ready appliances, integrated sinks, wine coolers, smart toilets, solid wood doors, oversized designer tile, dramatic ceiling-mounted faucets, and beautifully curated finishes throughout. This is more than a townhome-it is a statement of modern luxury, thoughtful design, and exceptional craftsmanship. With 10 luxury townhomes and three single-family residences developed along this street, the neighborhood has been completely transformed into one of Fort Lauderdale's most desirable new-construction destinations. The success speaks for itself. Only two opportunities remain-secure yours before the final residences are gone.
Full Property Details
Full Property Details for 1320 NE 16th Terrace
General
- Price: $1,425,000
- Taxes: $7,313 (2025)
- Status: Active
- Type: Townhouse
- Source: Greater_Miami
- MLS ID: A12061845
- Updated: 7/30/2026
- Added to Site: 51 day(s) ago
Interior
- Interior Features: First Floor Entry
- Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave, Other Equipment/Appliances
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
- Bedroom Features: Other
Additional Information
- Shared Amenities: Private Pool
- Maint. Includes: No Maintenance Included
- Security/Safety: Secured Garage/Parking, TV Camera
- Equipment: Automatic Garage Door Opener
Exterior
- Exterior Features: Other
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Parking Features: 2 Or More Spaces
Location
- Area: Progresso
- County: Broward County
- Subdivision: PROGRESSO
- Building Name: Lake Ridge
School Information
- Elementary School: Bennett
- Middle School: Sunrise
- High School: Fort Lauderdale
Community
- Community Name: Progresso
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s)
- Heating Type: Central
Structural Information
- Architectural Style: Twin Home
- Structure Type: Townhouse Fee Simple, Townhouse
- Detached/Attached: Attached
- Construction: Other
- Doors: High Impact Doors
- Entry Floor Number: 1
- Building Size: 1415
- Square Feet: 993
- Living Area: 993 Sq. Ft.
- Year Built: 2026
- Property Condition: New Construction
Lot Features
- Property View: Pool Area View
- Fencing (Description): Fenced
Financial Considerations
- Price Per Sq. Ft.: $1,435.05
- Tax Amount: $7,313
- Tax Year: 2025
- Terms: Owner Will Carry
Disclosures and Reports
- Legal Description: PROGRESSO 2-18 D LOT 18 BLK 91
- Restrictions: No Restrictions
- Property ID: 494234028390
Listed by REI By Zip LLC
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Schools
Schools serving 1320 NE 16th Terrace
School District:Broward County School District
| Name | Grades | Distance |
|---|---|---|
Bennett Elementary School 1755 Northeast 14th Street, Fort Lauderdale, FL 33304 | K-5 | 0.2 mi |
Sunrise Middle School 1750 Northeast 14th Street, Fort Lauderdale, FL 33304 | 6-8 | 0.2 mi |
Fort Lauderdale High School 1600 Northeast 4th Avenue, Fort Lauderdale, FL 33305 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1320 NE 16th Terrace
Date
Details
Price
Change
Source
7/29/2026
Listed
$1,425,000
159.09%
MLS
2/18/2025
Sold
$550,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1320 NE 16th Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,313
2%
$168,850
-62%
2024
$7,135
—
$438,870
-8%
2024
$7,135
7%
$478,550
8%
2023
$6,656
15%
$442,030
17%
2022
$5,769
15%
$378,000
28%
2021
$5,027
—
$295,960
18%
2021
$5,027
24%
$251,040
44%
2019
$4,043
12%
$174,090
10%
2018
$3,626
8%
$158,270
-26%
2017
$3,365
11%
$212,860
24%
2016
$3,032
9%
$171,930
45%
2015
$2,788
9%
$118,920
10%
2014
$2,565
8%
$108,110
10%
2013
$2,383
—
$98,290
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1320 NE 16th Terrace
1320 NE 16th Ter, Fort Lauderdale, FL 33304 (MLS# A12061845) is a Townhouse property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 1320 NE 16th Ter is currently listed for $1,425,000 and was received on July 29, 2026. Want to learn more about 1320 NE 16th Ter? Do you have questions about finding other Townhouse real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.

