Sold for $560,000

$560,000

1116 NE 17th Terrace, Fort Lauderdale, FL 33304

4beds

4baths

1,553sqft

Triplex, Multi Family, Multi Family

Built in 1953

-- sqft lot

$-- Zestimate^®

$361/sqft

$1,600 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,600/mo

Zestimate^® history

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$1,600/mo

Rent Zestimate^®

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$3,941/mo

Est. payment

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$3,941/mo

Est. payment

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What's special

Prime development opportunity in Lake Ridge! This 135' x 50' lot is perfect for building two luxury townhomes, each with 25' of frontage. New construction townhomes in the area are selling for upwards of $1.3M, making this an excellent investment for developers. Existing multifamily structure has month-to-month tenants who have been notified of the sale. Property is being sold at land value. Zoned for multifamily use and located just minutes from downtown Fort Lauderdale, beaches, and shopping. Don’t miss this chance to build in one of Fort Lauderdale’s fastest-growing neighborhoods.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Central

Cooling

Central Air

Features

Flooring: Tile

Interior area

Total interior livable area: 1,553 sqft

Property

Features

Patio & porch: Porch, Balcony
Exterior features: Balcony

Lot

Features: < 1/4 Acre

Details

Parcel number: 494234044340
Zoning: RC-15

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex, Multi Family, Multi Family

Materials

Block
Roof: Spanish Tile,Tar/Gravel

Condition

Resale
New construction: No
Year built: 1953

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Cable Available

Community & HOA

Community

Subdivision: Progresso 2-18 D

HOA

Has HOA: No
Services included: Sewer

Location

Region: Fort Lauderdale

Financial & listing details

Price per square foot: $361/sqft
Annual tax amount: $11,482
Date on market: 6/2/2025
Cumulative days on market: 27 days
Listing terms: Cash

Price history

Date	Event	Price
7/30/2025	Sold	$560,000-6.7%$361/sqft
Source: BeachesMLS #F10506298 Report a problem
6/2/2025	Listed for sale	$600,000$386/sqft
Source: BeachesMLS #F10506298 Report a problem