Date
Details
Price
Change
Source
1/04/2026
Listed
$2,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,795,000
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Property 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. Complete Accordion Shutters. 100% occupied, annual leases. Some rents are below market. 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. Close to Downtown Delray beach, shopping, restaurants, and nightlife.
Full Property Details
Full Property Details for 1 Tropical Dr
General
- Price: $2,795,000
- Taxes: $21,714 (2025)
- Status: Active
- Type: Multi-Family
- Source: Regional
- MLS ID: RX-11151426
- Updated: 1/5/2026
- Added to Site: 13 day(s) ago
Interior
- Flooring: Terrazzo Floor, Tile
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: In-Ground
Exterior
- Exterior Features: Open Patio
Parking
- Carport Spaces: 1
Location
- Area: 4120
- County: Palm Beach
- Subdivision: Palm Beach Shore Acres
Community
- Community Features: Pool
- Home Owners Assn.: None
Heating & Cooling
- Cooling Type: Ceiling Fan, Wall-Win A/C
- Heating Type: Window/Wall
Utilities
- Utility Description: Cable, Electric, Public Sewer, Public Water
- Sep. Elec Meters: Yes
Structural Information
- Architectural Style: Duplex/Triplex/Quad
- Description/Design: Triplex
- Construction: CBS
- Roof: Concrete Tile
- Stories in Building: 1
- Square Feet: 3,397
- Sq. Ft. Source: Tax Rolls
- Year Built: 1956
Unit Information
Unit 1
- Unit Description: A/C Unit, Electric Meter, Kitchen, Patio, Range - Electric, Refrigerator
- Square Feet: 400
- Parking: Open Parking, Space Parking
Unit 2
- Unit Description: A/C Unit, Electric Meter, Kitchen, Patio, Range - Electric, Refrigerator
- Square Feet: 400
- Parking: Open Parking, Space Parking
Unit 3
- Unit Description: A/C Unit, Kitchen, Patio, Range - Electric, Refrigerator
- Square Feet: 400
- Parking: Open Parking, Space Parking
Lot Features
- Lot Size (Sq. Ft.): 13,051
- Zoning: RMM(ci
Water Features
- Water Front Desc.: None
Financial Considerations
- Price Per Sq. Ft.: $822.78
- Tax Amount: $21,714
- Tax Year: 2025
- Terms: Cash
- Tenant Pays: Cable, Electric
Disclosures and Reports
- Special Conditions: Sold As-Is
- Legal Description: PALM BEACH SHORE ACRES BLKS A~ B & Z E 126.05 FT OF W 144.05 FT OF LT 16 BLK A
- Restrictions: None
- APN: 46434534050010190
Listed by Compass Florida LLC
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— 1 Tropical Dr —
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Schools
Schools serving 1 Tropical Dr
School District:Palm Beach County School District
| Name | Grades | Distance |
|---|---|---|
Forest Park Elementary School 1201 Southwest 3rd Street, Boynton Beach, FL 33435 | PK-5 | 1.2 mi |
Boynton Beach Community High School 4975 Park Ridge Boulevard, Boynton Beach, FL 33426 | 9-12 | 3.1 mi |
Congress Community Middle School 101 South Congress Avenue, Boynton Beach, FL 33426 | 6-8 | 2.6 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 1 Tropical Dr
Tax History
Tax History for 1 Tropical Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,732
—
$1,142,525
—
2024
$21,666
2%
$1,143,753
-8%
2023
$21,206
13%
$1,243,398
28%
2022
$18,782
5%
$969,612
3%
2021
$17,966
—
$937,754
20%
2021
$17,966
16%
$779,630
6%
2019
$15,477
10%
$732,879
10%
2018
$14,008
8%
$666,254
10%
2017
$12,974
6%
$605,685
10%
2016
$12,268
8%
$550,623
10%
2015
$11,396
12%
$500,566
10%
2014
$10,216
4%
$455,060
5%
2013
$9,777
—
$432,484
—
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 1 Tropical Dr
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Sold by Kathleen Bowie
1 Tropical Drive, Ocean Ridge, FL 33435 (MLS# RX-11151426) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 1 Tropical Drive is currently listed for $2,795,000 and was received on January 04, 2026. Want to learn more about 1 Tropical Drive? Do you have questions about finding other Multi-Family real estate for sale in Ocean Ridge? You can browse all Ocean Ridge real estate or contact a Coldwell Banker agent to request more information.