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$2,625,000 Just Listed
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Property Description
1 SOLD 2 LEFT! Brand-new construction coming soon in the highly desirable Lake Ridge neighborhood. One of three exclusive single-family residences being developed on this rapidly transforming street, with one already under contract pre-construction and only two opportunities remaining. This thoughtfully designed residence will offer approximately 3,460 SQFT under air with 4 bedrooms and 4 bathrooms, including a first-floor bedroom with a private en-suite bath. Open-concept floor plan featuring spacious living areas, high ceilings, large impact windows and doors, and luxury finishes throughout. Buyers who secure the property during construction will have the opportunity to customize select finishes, colors, and design elements with the developer. Estimated completion approximately 11 months. ( early/mid 2027) Located on one of Lake Ridge's most active redevelopment streets, surrounded by new construction. The developer is also constructing 10 modern townhomes directly across the street, contributing to the area's continued growth and transformation. Conveniently located minutes from Las Olas Boulevard, Downtown Fort Lauderdale, Fort Lauderdale Beach, shopping, dining, and entertainment. A rare opportunity to own a new construction home in one of Fort Lauderdale's fastest-growing neighborhoods. Features, specifications, finishes, and dimensions are subject to change without notice. Estimated completion dates are approximate. Buyer to verify all information.
Full Property Details
Full Property Details for 1331 NE 16th Terrace
General
- Price: $2,625,000
- Taxes: $10,553 (2025)
- Status: Active
- Type: Single Family
- Source: Greater_Miami
- MLS ID: A12042579
- Updated: 6/24/2026
- Added to Site: 5 day(s) ago
Interior
- Interior Features: First Floor Entry, Other
- Appliances: Dishwasher, Disposal, Dryer, Washer
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
- Bedroom Features: At Least 1 Bedroom Ground Level
Other Rooms
- Living Room: Other Sq. Ft.
Additional Information
- Pool: Yes
- Pool Description: Other, 15x30
- Security/Safety: Smoke Detector
- Equipment: Automatic Garage Door Opener
Exterior
- Exterior Features: Barbecue, Open Balcony, Other
- Deck/Patio: Open Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Other
Location
- Area: Progresso
- County: Broward County
- Subdivision: PROGRESSO
- Building Name: PROGRESSO
- Direction Faces: East
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), Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Attached, Two Story
- Structure Type: Pool Only, House
- Detached/Attached: Detached
- Roof: Other
- Square Feet: 3,438
- Living Area: 3,438 Sq. Ft.
- Year Built: 2026
- Property Condition: New Construction
Lot Features
- Property View: Pool
- Lot Size (Sq. Ft.): 13,497
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: RC-15
Financial Considerations
- Price Per Sq. Ft.: $763.53
- Tax Amount: $10,553
- Tax Year: 2025
- Terms: Owner Will Carry
Disclosures and Reports
- Legal Description: PROGRESSO 2-18 D LOT 4, 5 BLK 90
- Restrictions: No Restrictions
- Property ID: 494234028060
Listed by REI By Zip LLC
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Schools
Schools serving 1331 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 | 0.3 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 1331 NE 16th Terrace
Date
Details
Price
Change
Source
6/24/2026
Listed
$2,625,000
133.33%
MLS
9/10/2025
Sold
$1,125,000
—
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 1331 NE 16th Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,553
3%
$674,850
7%
2024
$10,219
—
$632,010
-6%
2024
$10,219
4%
$673,410
1%
2023
$9,808
32%
$665,260
47%
2021
$7,404
-13%
$451,500
-21%
2022
$8,504
15%
$571,610
48%
2021
$7,404
22%
$385,900
44%
2019
$6,054
11%
$267,870
10%
2018
$5,448
8%
$243,520
-26%
2017
$5,047
12%
$328,490
26%
2016
$4,508
9%
$261,680
43%
2015
$4,152
9%
$182,980
10%
2014
$3,808
7%
$166,350
10%
2013
$3,545
—
$151,230
—
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 1331 NE 16th Terrace
1331 NE 16th Ter, Fort Lauderdale, FL 33304 (MLS# A12042579) is a Single Family property with 4 bedrooms and 4 full bathrooms. 1331 NE 16th Ter is currently listed for $2,625,000 and was received on June 24, 2026. Want to learn more about 1331 NE 16th Ter? Do you have questions about finding other Single Family 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.

