Home » Ocean Ridge » 15 Tropical Drive, Ocean Ridge, FL 33435 | R10914048/RX-10914048

15 Tropical Drive, Ocean Ridge, FL 33435 | Sold

$1,299,999
closed for a price of $1,150,000

Property Highlights

Listing ID R10914048/RX-10914048 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Living Space 1,625 Sqft/150.97 m2 approx. Building Area 2,004 Sqft/186.18 m2 approx. Year Built 1950 Time of this property from published date until Closing Date 126 Days
42 Photos of this Property

15 Tropical Drive, Ocean Ridge, FL 33435

Property Description: Very sort after quadplex with huge income potential. Located 1/2 block west of the beach this property is in the prime Ocean Ridge community. Lots of potential for high income. 2 Tenants on Month to month leases. New Roof. Room for a pool.

Residential Income (Multifamily 2-4) Sold located at 15 Tropical Drive Ocean Ridge FL 33435 in Palm Beach County referenced as ID MLS # R10914048. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Contingency:Appraisal
Original List Price:$1,550,000
Close Price:$1,150,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
  • Flood Zone
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Number of Units Total:4
Property Condition:
  • Resale
Levels:One
Construction Materials:
  • Block
Flooring:
  • Terrazzo
Stories:1

Property Features

View from the Property:
  • Garden
Waterfront:No
Exterior Features:
  • Room For Pool
Roof:
  • Composition
Window Features:
  • Metal
  • Double Hung
Air Conditioning:Yes
Air Conditioning System:
  • Ceiling Fan(s)
  • Wall/window Unit(s)

Taxes and Expenses

Tax Annual Amount:$12,975

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022
Association Fee Frequency:
  • Monthly

Terms

Disclosures:
  • Pet On Property
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Before Closing
Buyer Financing:
  • Other
  • See Remarks
Tenant Pays:
  • Exterior Electric
Lease Considered:No

Community

Subdivision Name:Palm Beach Shore Acres BL
Community Features:
  • Non-gated
Complex Name:Palm Beach Shore Acres BL
Senior Community:No
Restrictions:No Restrictions

Parking

Covered Spaces:0

Utilities

Sewer:
  • Septic Tank
Utilities Available:
  • Cable Available
  • Electricity Available

More Details

Other Information:
Housing Older Persons Act: No HOPA
Data exchange original Listing Number: RX-10914048

Zoning and Legal

Tax Legal Description:Palm Beach Shore AcresBLKS A,B & Z E 66 FT of W 426 FT of LT 16 (less S 10FT Tropical Dr R/W) BLK A
Real Estate Folio Number (Parcel Number):46434534050010251
Zoning Description:RMM- Med

Listing History

Update/EventDate/Days
Published Date:August 23, 2023 8:10 pm
On Market Date:August 23, 2023
Listing Contract Date:August 23, 2023
Contingent Date:October 24, 2023
Activation Date:August 28, 2023
Close Date:December 27, 2023
Price Change Date Time:October 12, 2023 12:00 am
Last Important Update Description:Closed
Date and Time of Last Important Update:June 28, 2024 12:14 pm
Status Last Changed:June 28, 2024 12:00 am
Photos Last Modified:February 9, 2024 7:27 am
Last Modified:June 28, 2024 7:23 pm
Days on the Market Reference Date:June 28, 2024
Days on the Market (updated on Last Modified*):55
Cumulative Days on the Market (updated on Last Modified**):55

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot,East Of Us 1,Flood Zone Lot
Number of Photos Count:42
Geographical Area:Palm Beach 4110; 4120
Area:4120
Ref ID:1043840916
Automated Valuation Display:Yes
Courtesy of:Kroll Realty
Universal Property Id:US-12099-N-46434534050010251-R-N

Location

Show Property Address:Yes
Street Name:Tropical Drive
Street Number:15
Street Address:15 Tropical Drive
City : Ocean Ridge
State : Florida
Zip Code : 33435
County : Palm Beach County
Full Address:15 Tropical Drive, Ocean Ridge, FL 33435
Latitude:N26° 30' 37.3''
Longitude:W81° 56' 51.9''

Neighborhood

Postal City:Ocean Ridge

Property Map