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33966264
33966263

14 Tropical Drive, Ocean Ridge, FL 33435

CB
FL FL3283455
Hampton Real Estate Group
Listed by Hampton Real Estate Group
$1,495,000
9 days on market
Updated 2 days ago

14 Tropical Drive

Details
APN 46434534050010310
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,062
Units 4
Cap Rate 4.00%
NOI $50,981
Occupancy 100%
Year Built 1950
Acreage 0.230
Zoning RMM

Multifamily | 4.00% CAP | 4 Units

Marketing description

Exceptional investment opportunity at 14 Tropical Drive in Ocean Ridge. This unique triplex offers immediate rental income while providing incredible future upside on a rare, buildable lot in one of South Florida's most sought-after beachside communities. The property includes deeded beach access, allowing owners and tenants to enjoy the pristine Atlantic Ocean just moments away. Whether you're looking to hold as an income-producing asset, renovate, build a custom coastal estate, or explore redevelopment potential (subject to local approvals), this property offers unmatched flexibility. Surrounded by luxury homes and tropical landscapes, 14 Tropical Drive is ideally located near world-class dining, shopping, marinas, golf courses, and the vibrant downtown districts of Delray Beach and Palm Beach. Opportunities combining income, a buildable homesite, and deeded beach access in Ocean Ridge are exceptionally rare.

Investment highlights

Rare opportunity to own a 10,000± square foot multi-family zoned lot in the highly desirable coastal community of Ocean Ridge. Just a short walk to the beach, this prime property offers the perfect blend of investment potential and relaxed South Florida living. Enjoy a peaceful stroll to the ocean along a charming beach access path owned and maintained by the neighboring street residents, adding to the unique character and privacy of the area. Surrounded by beautiful coastal homes and tropical landscapes, this property presents endless possibilities for development, whether creating luxury income-producing residences, vacation rentals, or a boutique coastal retreat. Ocean Ridge is known for its quiet beachside atmosphere, upscale lifestyle, and ideal location just minutes from Delray Beach

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Listing Contacts

CB
FL FL3283455
Hampton Real Estate Group
Listed by Hampton Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$50,981.00
$4,248.42/mo

Valuation Metrics

0
DSCR
3.41%
Cap Rate
3.41%
ROI

Map

Zoning

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RMM ResidentialMulti FamilyMedium Density Multiple Family Residential
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View all 11 uses
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Curtis Brown
License
FL3283455
Brokerage Phone
561 278 5104
Brokerage Address
5108 North Ocean Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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