Lake Ridge Progresso,Lake Ridge
1020 NE 16th Ter, Fort Lauderdale FL 33304
1,104 ft²
1,104
Sq. Ft.
1951
Year Built
1
Stories
45
Days on Market
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
Facts
- MLS#
- A11874270
- Subdivision
- Lake Ridge Progresso,Lake Ridge
- Property Type
- Residential Income
- Property Sub Type
- Duplex
- Year Built
- 1951
- Lot Size
- 0 sqft
- Sq. Ft.
- 1,104 ft²
- Sq. Mt.
- 103 m²
- Price per sq. ft.
- $524/ft²
- Price per sq. mt.
- $5,621/m²
- Stories
- 1
- Garage
- —
- Pool
- —
- Days on Market
- 45 days
- Listed
- Sep 8, 2025
- Last Updated
- Nov 18, 2025
- Price/Lot Sq.Ft.
- —
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Market insights for Fort Lauderdale
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
51
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).
| 11/18/2025 | Sold | $579,000 |
| 10/9/2025 | Price change | $579,000-17.3% |
| 9/8/2025 | Listed for sale | $699,999 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Brickell International AcademyPK,KG · private · 0.1 mi
- Worlded International School
6,7,8,9,10,11,12 · private · 0.1 mi
- Tiniciti Preschool
PK,KG · private · 0.2 mi
- Southside Elementary School
PK,KG,1,2,3,4,5,6,7,8 · public · 0.2 mi
- Kingsbury Academy
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.2 mi
- Key Point Academy
PK,KG,1,2,3,4,5,6,7,8 · private · 0.3 mi
- Key Point Academy
PK,TK,KG,1,2,3,4,5,6,7,8 · private · 0.3 mi
- Kla Elementary
KG,1,2,3,4,5 · private · 0.4 mi
- Mater Virtual Academy Charter Middle/High School
KG,1,2,3,4,5,6,7,8,9,10,11,12 · charter · 0.5 mi
- International Studies Virtual
6,7,8,9,10,11,12 · charter · 0.5 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$3,714/mo
Principal & Interest
$3,082
Property Tax
$483
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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