1 Tropical Dr Boynton Beach, FL 33435
Estimated payment $16,512/month
Highlights
- Private Pool
- Cooling System Mounted To A Wall/Window
- Tile Flooring
- No HOA
- Patio
- Ceiling Fan
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $21,714
Year Built
- Built in 1956
Lot Details
- 0.3 Acre Lot
Home Design
- Triplex
- Concrete Roof
Interior Spaces
- 2 Bathrooms
- 3,397 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Flooring
- Tile
- Terrazzo
Outdoor Features
- Private Pool
- Patio
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 46434534050010190
Community Details
Overview
- No Home Owners Association
- 8 Units
- Palm Beach Shore Acres Subdivision
Recreation
- Community Pool
Building Details
- Gross Income $184,200
- Net Operating Income $58,443
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,666 | $1,142,525 | -- | -- |
| 2024 | $21,666 | $1,141,456 | -- | -- |
| 2023 | $21,206 | $1,037,687 | $0 | $0 |
| 2022 | $18,782 | $943,352 | $0 | $0 |
| 2021 | $17,966 | $937,754 | $682,593 | $255,161 |
| 2020 | $15,909 | $779,630 | $550,800 | $228,830 |
| 2019 | $15,477 | $753,573 | $520,200 | $233,373 |
| 2018 | $14,008 | $741,903 | $543,257 | $198,646 |
| 2017 | $12,974 | $680,353 | $452,714 | $227,639 |
| 2016 | $12,268 | $550,623 | $0 | $0 |
| 2015 | $11,396 | $500,566 | $0 | $0 |
| 2014 | $10,216 | $455,060 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/05/2026 01/05/26 | For Sale | $2,795,000 | -- | $823 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $400,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $10,252 | New Conventional |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: R11151426
APN: 46-43-45-34-05-001-0190
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
- 30 Oceanview Dr
- 5111 N Ocean Blvd Unit B
- 5109 N Ocean Blvd Unit H
- 5111 N Ocean Blvd Unit A
- 5109 N Ocean Blvd Unit E
- 211 S Heron Dr Unit O
- 21 Hersey Dr
- 18 Juniper Dr Unit J
- 8 Sailfish Ln
- 21 Bamboo Dr Unit Cd21
- T-202 N Ibis Dr Unit S
- 12 Hibiscus Dr Unit H
- 207 N Heron Dr Unit P
- 20 Juniper Dr Unit K
- 21 Ruthmary Ave Unit G
- 23 Hibiscus Dr Unit I
- 24 Juniper Dr Unit K
- 21 Hibiscus Dr Unit I
- 5015 Old Ocean Blvd
- 204 Flamingo Dr Unit 1
- 11 Tropical Dr Unit 3
- 11 Tropical Dr Unit 2
- 49 Douglas Dr
- 11 Hersey Dr
- 5111 N Ocean Blvd Unit C
- 30 Hersey Dr
- 21 Ruthmary Ave Unit G
- 21 Oceanview Dr
- 38 Hersey Dr
- 5520 N Ocean Blvd Unit 208
- 7 Fayette Dr
- 5505 N Ocean Blvd Unit 11-107
- 5505 N Ocean Blvd Unit 3-205
- 5505 N Ocean Blvd Unit 2-204
- 5500 Old Ocean Blvd Unit 2100
- 2004 S Federal Hwy Unit 4030
- 2008 S Federal Hwy Unit 3010
- 2008 S Federal Hwy Unit 2070
- 4603 N Ocean Blvd Unit SI ID1018165P
- 4603 N Ocean Blvd Unit SI ID1018163P
Ask me questions while you tour the home.