1 Tropical Dr

Beds
Baths
3,397 Sq. Ft.
$823 / Sq. Ft.
3,397
Sq. Ft.
$823
per Sq. Ft.

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:...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.

Listing Agent

  1. Joshua McDonald

    Joshua McDonald

    Listing Agent

    Compass

Property Details for 1 Tropical Drive

Subdivision
PALM BEACH SHORE ACRES
Waterfront
No
Waterfront Details
None
Style
Pool Only
LISTING UPDATED: 01/05/2026 09:48 AM

Property Details for 1 Tropical Drive

StatusActive
MLS #RX-11151426
Days on Market7
Taxes$21,714 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1956
Lot Size0.30 AC / 13,051 SF
CountyPalm Beach County
Add your commute

Building Information for 1 Tropical Drive

Stories1Residences8Year Built1956Building Size-Lot Size0.30 AC / 13,051 SF

Payment Calculator

$15,432 per month

30 year fixed, 6.15% Interest

Principal and Interest

$13,622

Property Taxes

$1,810

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1 Tropical Drive

Summary
Location and General Information
  • Property Condition: Resale
  • Geo Area: Palm Beach 4110; 4120
  • Special Info: Sold As-Is
  • Street Number: 1
  • Subdivision Complex Bldg: PALM BEACH SHORE ACRES
  • Municipal Code: Ocean Ridge
  • State: FL
  • City Postal ID: 33435
  • MLS Area: 4120
  • MLS Sub Area: PB11
Parking
  • Carport Spaces: 1
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2025
Property
Lot Information
  • Area: 4120
  • HOA Amenities: None
  • Lot Description: 1/4 to 1/2 Acre, East of US-1
  • Parcel ID: 46434534050010190
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 4,310
  • Square Ft Source: Tax Rolls
  • Zoning: RMM(ci
Property and Assessments
  • Legal Desc: PALM BEACH SHORE ACRES BLKS A~ B & Z E 126.05 FT OF W 144.05 FT OF LT 16 BLK A
  • Sq Ft Liv Area: 3397.0
  • Legal Description: PALM BEACH SHORE ACRES BLKS A~ B & Z E 126.05 FT OF W 144.05 FT OF LT 16 BLK A
Utilities
  • Utilities: Cable, Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: Open Patio
  • Private Pool: Yes
  • Storm Protection: Accordion Shutters: Complete
  • Subdiv Amenities: Pool
  • Gated Community YN: No
  • Structure Type: Triplex
Interior Features
  • Roof: Concrete Tile
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Cooling: Ceiling Fan, Wall-Win A/C
  • Flooring: Terrazzo Floor, Tile
  • Heating: Window/Wall
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $58,443.00
  • Income & Expenses: Annual Total Expense: $59,469.00
  • Income & Expenses: Gross Operating Inc: $184,200.00
  • Tenant Pays: Cable, Electric
Unit 1
  • Unit 1 Desc: A/C Unit, Electric Meter, Kitchen, Patio, Range - Electric, Refrigerator
  • Unit 1 Info: Hotel
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 2,200
  • Unit 1 Info: SqFt: 400.0
  • Unit 1 Parking: Open Parking, Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Electric Meter, Kitchen, Patio, Range - Electric, Refrigerator
  • Unit 2 Info: Hotel
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $2,200
  • Unit 2 Info: SqFt: 400.0
  • Unit 2 Parking: Open Parking, Space Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Kitchen, Patio, Range - Electric, Refrigerator
  • Unit 3 Info: Hotel
  • Unit 3 Info: Monthly Income: $2,200.00
  • Unit 3 Info: SqFt: 400.0
  • Unit 3 Parking: Open Parking, Space Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 1 Tropical Drive

DateEvent & SourcePriceAppreciation
Jan 4, 2026

Listed (Active)

RAPB #RX-11151426

$2,795,000
Nov 16, 2025

Listed (Active)

RAPB #RX-11142310

$2,795,000
DateEvent & SourcePrice
01/04/2026

Listed (Active)

RAPB #RX-11151426

$2,795,000
11/16/2025

Listed (Active)

RAPB #RX-11142310

$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

Taxable ValueLand$896,854Additions$245,671Total$1,142,525
Tax Record2025$21,732 ($1,811 / month)
Home Facts
Baths8Total Finished SqFt1,176 SqFtAbove Grade Finished SqFt1,176 SqFtStories1Lot Size13,051 SqFtStyleDuplexYear Built1956ZoningRMMCountyPALM BEACHAPN46-43-45-34-05-001-0190

Schools near 1 Tropical Drive

This home is within Palm Beach.
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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1 Tropical Drive is a multi-family home for sale in Ocean Ridge, FL 33435. This property was listed for sale on January 4, 2026 by Compass, it's currently listed at $2,795,000. This listing's school district is Palm Beach. Nearby schools include Forest Park Elementary School, Congress Community Middle School and Boynton Beach Community High School. 1 Tropical Drive is a 0-bed, 0-bath, 3,397 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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.