1 Tropical Dr
Description
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:...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.
Property Details for 1 Tropical Drive
Property Details for 1 Tropical Drive
| Status | Active |
|---|---|
| MLS # | R11142310 |
| Days on Market | 123 |
| Taxes | $21,714 / year |
| HOA Fees | - |
| Condo/Co-op Fees | $17,616 / month |
| Compass Type | Multi Family |
| MLS Type | Commercial Sale / Multi Family |
| Year Built | 1956 |
| Lot Size | 0.30 AC / 13,068 SF |
| County | Palm Beach County |
Location
Listing Courtesy of: .
Building Information for 1 Tropical Drive
Payment Calculator
$32,990 per month
30 year fixed, 6.11% Interest
$13,564
$1,810
$17,616
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1Property Information for 1 Tropical Drive
- Area: 4120
- Boat Access: Building Type: Y
- City and Location Text: Ocean Ridge
- County Land Code: Palm Beach County
- County Or Parish: Palm Beach County
- Geo Lat: 26.510354
- Information Available: Owner Managed
- Location: Beach Access, City Location, County Location
- Miles to Expressway: 2
- MLS Area: 4120
- MLS Sub Area: PB11, Palm Beach 4110; 4120
- Postal Code: 33435
- State: FL
- Street #: 1
- Zoning: RMM(ci
- Association Fee: $0
- Legal Desc: PALM BEACH SHORE ACRES BLKS A~ B & Z E 126.05 FT OF W 144.05 FT OF LT 16 BLK A
- Parcel ID: 46434534050010190
- Tax Year: 2025
- UnBranded Virtual Tour: https://www.propertypanorama.com/1-Tropical-Drive-Ocean-Ridge-FL-33435/unbranded
- Acres: 0.3
- Approx Sqft Total Area: 4310
- Lot Square Footage: 13068.0
- Property Condition: Resale
- Sq Ft: 4310
- Sq Ft Total: 4,310
- Type of Building: Hotel/Motel
- Property Type: Commercial Sale, Multi Family
- Avail Docs: Owner Managed
- Construction Type: Multi Family, Concrete, Tar/Gravel, Resale, CBS
- Document Count: 0
- Legal Description: PALM BEACH SHORE ACRES BLKS A~ B & Z E 126.05 FT OF W 144.05 FT OF LT 16 BLK A
- Type: Multi Family
- Year Built Description: 1956
- Cable Available: Yes
- Electric Service: Generator, Three Phase
- Num Meters: 8
- On Site Utilities: Cable Available
- Sewer Description: Public Sewer
- Utilities: Cable Available
- Balcony Porch/Patio: No
- Construction: CBS
- Guest Accommodations: No
- Roof: Concrete, Tar/Gravel
- Roof Description: Concrete, Tar/Gravel
- Security Information: Fire Alarm, Smoke Detector(s)
- Structure Type: Hotel/Motel
- Building Features: Laundry Facilities, Pool
- Baths Total: 8
- Building Includes: Building, Land
- Ceiling Description: Drywall
- Column Description: CBS
- Cooling: Ceiling Fan(s), Wall/Window Unit(s)
- Flooring: Terrazzo, Tile
- Heating: Window/Wall
- Heating Description: Window/Wall
- Maximum Ceiling Height: 8
- Num Floors: 1
- Num Toilets: 8
- Numof Units: 8
- Number of Stories: 1.0
- Unit Count: 8
- Income & Expenses: Annual Net Oper Inc: $124,731.00
- Exp Incl Pool Service: No
- Gross Operating Income: $124,731
- Service Expense: $80
- Source of Expenses: Owner Provided
- Total Expenses: $59,469
- Utility Expense: $5,483
- Baths Full: 1
- Baths Full: 1
- Baths Full: 1
- Baths Full: 1
- Baths Full: 1
- DXORIGMLNO: RML
- Possession Information: Close Of Escrow, Negotiable
- Rental Price/SqFt: $648.49
- Tenant Pays: Cable TV, Electricity
Property History for 1 Tropical Drive
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 5, 2026 | Listed (Active) Beaches MLS #R11151426 | $2,795,000 | — |
| Nov 20, 2025 | Listed (Active) Beaches MLS #R11142310 | $2,795,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/05/2026 | Listed (Active) Beaches MLS #R11151426 | $2,795,000 |
| 11/20/2025 | Listed (Active) Beaches MLS #R11142310 | $2,795,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1 Tropical Drive
Schools near 1 Tropical Drive
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Forest Park Elementary School PublicPK to 5 | ||
Congress Community Middle School Public6 to 8 | ||
Boynton Beach Community High School Public6 to 12 | ||
Poinciana Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
