Lake Ridge Progresso Duplex For Sale
1020 Ne 16th Ter, Fort Lauderdale, FL 33304

$699,999
New For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11874270
  • Virtual Tour: YES
  • List Price: $699,999
  • Living Area: 1104 Ft² / 103 M²
  • Price Per Foot/Meter: $634 / $6,825
  • Taxes:$7,278
  • Year Built:1951
  • Listing Date:September 8, 2025
  • Days On Market:22

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

Features


  • Floor:Terrazzo
  • Exterior Feature:

Location


Request Information
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker