LAKE RIDGE

1040 NE 16th Ave, Fort Lauderdale FL 33304

5,097 ft²

Closed

$975,000

18.75%

Est. Payment $5,189/mo

MLS Sheet Video

5,097

Sq. Ft.

1978

Year Built

2

Stories

186

Days on Market

Description

PRICE IMPROVEMENT on This fabulous triplex, located in beautiful Lake Ridge is super clean and well maintained. The owner’s unit is one level. The living space is open, with plenty of room for dining and entertainment areas. The third bedroom has potential to be the primary bedroom suite or an in-law suite. The two attached townhouses, each have two bedrooms, 1.5 baths, and separate utilities. Shared private pool/ patio oasis is tucked away in the back of the house. Laundry is coin op, and is is in an enclosed area. The owners unit is currently vacant, and could rent for $3000/month. The townhouses have long term tenants, month to month occupancy. Ideal for investment or owner operator. Conveniently located to shopping, dining, 2.5 miles to beach, call and make an appointment today!

Facts

MLS#
A11768220
Subdivision
LAKE RIDGE
Property Type
Residential Income
Property Sub Type
Triplex
Year Built
1978
Lot Size
0 sqft
Sq. Ft.
5,097 ft²
Sq. Mt.
474 m²
Price per sq. ft.
$191/ft²
Price per sq. mt.
$2,057/m²
Stories
2
Garage
Pool
Days on Market
186 days
Listed
Mar 22, 2025
Last Updated
Nov 11, 2025
Price/Lot Sq.Ft.

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Fort Lauderdale

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100
Buyers marketSellers market

36

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

11/11/2025Sold$975,000
9/10/2025Price change$975,000-18.7%
3/22/2025Listed for sale$1,200,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

1040 NE 16th Ave, Fort Lauderdale FL 33304Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$6,152/mo

Principal & Interest

$5,189

Property Tax

$813

Insurance

$150

HOA

$0

20% ($195,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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