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1020 Ne 16th Ter, Fort Lauderdale, FL 33304

$515,000
: 1,104
SqFt

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Sold Price: $515,000
List Price: $579,000
Closing Date: Nov 18, 2025
MLS: A11874270
Complex Name: Lake Ridge Progresso
Status: CLOSED
Type: Multifamily
Living Area: 1,104

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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

+1-954-990-5004

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Additional Information

Days on Market: 45
Style: Duplex
Water Access: None
#Parking Spaces: 4
Year Built: 1951
Development Name: Lake Ridge Progresso, Lake Ridge
#Stories: 1
Construction Type: Concrete Block With Brick, CBS Construction, Stucco
Section: 34