Basic Information
- MLS # A11874270
- Type Duplex / Quad Plex / Triplex
- Subdivision/Complex Lake Ridge Progresso
- Year Built 1951
- Total Sqft 1,104
- Date Listed 09/08/2025
- Days on Market 7
Redevelopment opportunity in the heart of Fort Lauderdale’s Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development. Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description
Interior Features
- Adjusted Sqft 1,104Sq.Ft
- Sqft 1,104 Sq.Ft
Property Features
- Aprox. Lot Size 1,104
- Furnished Info No
- Lot Description Less Than Quarter Acre
- Short Sale Regular Sale
- HOA Fees N/A
- Subdivision Complex
- Subdivision Info Lake Ridge Progresso
- Tax Amount $7,278
- Tax Year 2024
1020 NE 16th Ter
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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Keller Williams Realty Service. tel: 561-245-4000
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