1020 NE 16th Terrace, Fort Lauderdale, FL 33304
- $515,000
- 1,104
- SqFt
- Sold Price
- $515,000
- List Price
- $579,000
- Days on Market
- 45
- Closing Date
- Nov 18, 2025
- MLS#
- A11874270
- Sq. Ft
- 1,104
- Subtype
- Duplex
- County
- Broward
- Subdivision
- Lake Ridge Progresso
- Year Built
- 1951
Property Description
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
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Additional Information
- Construction
- Block, Stucco
- Cooling
- Wall/Window Unit(s)
- Flooring
- Terrazzo
- Heating
- Separate Meters, Wall Furnace
- Roof
- Flat, Shingle, Tile
- Taxes
- $7,278
- Utilities
- Cable Available
- Waterfront
- None
- Stories
- 1
- Price Per Sqft
- $466
Mortgage Calculator
Listing courtesy of Keller Williams Realty Service. Contact:
Selling Office: Keller Williams Realty Service.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Caroline Sesi | Email: csesi@hireanagent.net