NOT LISTED FOR SALE

11 Tropical Dr Ocean Ridge, FL 33435

Ocean Ridge Area

Estimated Value: $1,136,000 - $1,648,000

5 Beds
4 Baths
2,995 Sq Ft
$477/Sq Ft Est. Value

Sale Details

Date Sold: March 5, 2021

Last sale price $949,000 $317 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $9,681 / mo

179 Days on Market

Highlights

  • Property has ocean access
  • Outdoor Living Area
  • Covered Patio or Porch
  • Room in yard for a pool
  • No HOA
  • Terrazzo Flooring

About This Home

As of March 2021

PLEASE VIEW THE VIDEO/VIRTUAL TOUR ON THE SECOND SLIDE OF THE PHOTOS. WHAT AN AMAZING OPPORTUNITY! IN THE EXCLUSIVE NEIGHBORHOOD OF OCEAN RIDGE! YOU CAN KEEP CURRENT RENTAL RATES OR HIGHER THEM SEASONALLY! JUST HALF A BLOCK WALK TO THE BEACH. THIS AREA OF OCEAN RIDGE IS GENTRIFYING QUICK AND YOU WON'T REGRET INVESTING IN THIS COMMUNITY. RENT ABILITY IS GREAT DUE TO ITS PROXIMITY TO THE BEACH! THIS ALREADY EXISTING MULTIFAMILY WITH 4 UNITS IS ZONED FOR RMM MEDIUM DENSITY(MULTI FAMILY RESIDENTIAL DISTRICT. (SINGLE FAMILY DWELLING AND MULTIFAMILY DEVELOPMENT)JUST UNDER 5% CAP RATE PLEASE READ ABOVE REMARKS FOR INCOME DETAILS. 100×100. SURVEILLANCE ON PREMISES. PLEASE CALL OR TEXT FOR SHOWINGS

Last Agent to Sell the Property

Lina Navarrete

Real Broker, LLC License #3383684 Listed on: 11/05/2020

Last Buyer's Agent

Magdalena Troczynska

Compass Florida LLC License #3322336

Compass Florida LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,500

Year Built

  • Built in 1956

Lot Details

  • 10,082 Sq Ft Lot

Home Design

  • Quadruplex
  • Concrete Roof
  • Stucco

Interior Spaces

  • 4 Bathrooms
  • 2,995 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Terrazzo

Laundry

  • Laundry Located Outside
  • Washer and Dryer Hookup

Outdoor Features

  • Room in yard for a pool
  • Property has ocean access
  • Covered Patio or Porch
  • Outdoor Living Area

Utilities

  • Central Heating and Cooling System
  • Water Not Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water
  • Assessor Parcel Number 46434534050010200

Community Details

Overview

  • No Home Owners Association
  • Palm Beach Shore Acres Subdivision

Building Details

  • Gross Income $76,800
  • Net Operating Income $48,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,500

Year Built

Built in 1956

Lot Details

10,082 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: From I95 heading north make a right on Woolbright heading East all the way to N. Ocean. Make a right and a few blocks down you will make a left on Tropical Dr. It is located half way down the block.
  • Year Built: 1956
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Carpet, Terrazzo
  • Living Area: 2995.0

Exterior Features

  • Exterior Features: Outdoor Living Area, Room For Pool
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • Waterfront Features: Ocean Access
  • Waterfront: No
  • Construction Type: Block, Stucco
  • Patio And Porch Features: Covered, Patio, Porch
  • Property Condition: Resale
  • Roof: Concrete

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Outside
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: None

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Parcel #: 46434534050010200
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10018.8
  • Mobile Dim Units: Feet
  • Zoning: RMM(ci

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water

Multi Family

  • Property Net Operating Income: 48300.0
  • Annual Gross Income: 76800.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 16499.6

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2020
Closed on
Mar 5, 2021
Sold by
Bought by
Seller's Agent
Lina Navarrete
Real Broker, LLC
Buyer's Agent
Magdalena Troczynska
Compass Florida LLC
List Price
$1,250,000
Sold Price
$949,000
Premium/Discount to List
-$301,000
-24.08%
Current Estimated Value
$1,429,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$480,799
Avg. Annual Appreciation
7.87%
Original Mortgage
$711,750
Outstanding Balance
$623,373
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$806,426

Purchase Details

Closed on
Jan 14, 2020
Sold by
Bought by

Purchase Details

Closed on
Nov 16, 2015
Sold by
Bought by

Purchase Details

Listed on
Jun 27, 2014
Closed on
Sep 29, 2014
Sold by
Bought by
Seller's Agent
Avis Brown
RE/MAX Direct
Buyer's Agent
Eileen Vecchio
Realty Home Advisors Inc
List Price
$695,000
Sold Price
$600,000
Premium/Discount to List
-$95,000
-13.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%
Original Mortgage
$400,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2013
Sold by
Bought by

Purchase Details

Closed on
Jun 17, 2013
Sold by
Bought by

Purchase Details

Closed on
May 30, 2013
Sold by
Bought by

Purchase Details

Closed on
May 28, 2013
Sold by
Bought by

Purchase Details

Closed on
May 23, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 26, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 23, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.88%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 22, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$949,000 Big Wave Title Llc
-- Attorney
-- Attorney
$600,000 Attorney
-- Attorney
-- Attorney
-- Attorney
-- Attorney
-- Attorney
$900,000 Members Title Services Inc
$300,000 --
$259,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $711,750
Previous Owner $400,000
Previous Owner $104,000
Previous Owner $521,250
Previous Owner $104,000
Previous Owner $660,000
Previous Owner $400,000
Previous Owner $315,000
Previous Owner $262,500
Previous Owner $30,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/05/2021 03/05/21 Sold $949,000 -24.1% $317 / Sq Ft
02/03/2021 02/03/21 Pending -- -- --
08/10/2020 08/10/20 For Sale $1,250,000 +108.3% $417 / Sq Ft
09/29/2014 09/29/14 Sold $600,000 -13.7% $200 / Sq Ft View Prior Sale
08/30/2014 08/30/14 Pending -- -- --
10/20/2013 10/20/13 For Sale $695,000 -- $232 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $21,963 $1,228,559
2024 $21,963 $1,223,372
2023 $21,621 $1,164,282 $0 $0
2022 $19,925 $1,075,549 $0 $0
2021 $19,175 $1,024,238 $800,082 $224,156
2020 $16,936 $852,020 $648,000 $204,020
2019 $16,668 $820,084 $612,000 $208,084
2018 $15,229 $779,723 $607,170 $172,553
2017 $13,987 $704,694 $505,975 $198,719
2016 $13,371 $653,283 $0 $0
2015 $12,062 $569,872 $0 $0
2014 $10,077 $467,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lina Navarrete

    Real Broker, LLC

    (786) 290-4789

    6 Total Sales

    Lina Navarrete
    Section Image
  • Magdalena Troczynska

    Buyer's Agent in 2021

    Magdalena Troczynska

    Compass Florida LLC

    (561) 285-4283

    24 Total Sales

    Magdalena Troczynska
    Section Image
  • Avis Brown

    Seller's Agent in 2014

    Avis Brown

    RE/MAX

    (561) 706-6410

    16 Total Sales

    Avis Brown
    Section Image

  • E

    Buyer's Agent in 2014

    Eileen Vecchio

    Realty Home Advisors Inc

    (561) 289-3698

    28 Total Sales

    Eileen Vecchio
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10645723

BeachesMLS (Greater Fort Lauderdale)

APN: 46-43-45-34-05-001-0200

Florida Palm Beach County Ocean Ridge 33435

11 Tropical Dr, Ocean Ridge, FL

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.

BeachesMLS (Greater Fort Lauderdale) 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.

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