About 1 Tropical Drive, Ocean Ridge, Florida, 33435
Prime Location: Located one block from the beach in Ocean Ridge, a prestigious and highly desirable area in Florida.8 units comprised of 3 studios and five 1 bed, 1 bath. All on separate elec. meters. Shared coin laundry. Whole building generator. Complete Accordion Shutters.100% occupied, annual leases. Some rents are lower than market due to the lease length of time. Investment Potential: Ideal for investors looking for a stable income property with strong appreciation. Outdoor Space: features patios, swimming pool, barbecue, Etc. Redevelopment Opportunity: Potential for redevelopment into luxury townhomes or condos, given the upscale neighborhood. Community Appeal: Ocean Ridge is known for its community feel, and exclusivity.
Total Units : 8
Unit 1: Unit Description : 1 Bedroom
Unit 1: Full Baths: 1
unit 2: Unit Description : 1 Bedroom
unit 2: Full Baths: 1
unit 3: Unit Description : 1 Bedroom
unit 4: Unit Description : Efficiency
unit 4: Full Baths: 1
unit 5: Unit Description : Efficiency
unit 6: Unit Description : Efficiency
unit 6: Full Baths: 1
unit 7: Unit Description : 1 Bedroom
unit 7: Full Baths: 1
unit 8: Unit Description : 1 Bedroom
unit 8: Full Baths: 1
Utilities : Cable, Electric, Generator, Public Sewer, Public Water
Property Use : Hotel/ Motel, Income, Mixed
Type of Building : Hotel / Motel, Income, Resident. Multi-Fam.
Location : Beach Area, City, County, Investment
Available Info : Owner managed
Zoning : RMM(ci
Fire Protect : Smoke Alarm, Smoke Detector
Heating System : Window/Wall
Cooling System : Ceiling Fan, Wall-Win A/C
Construction : CBS
Roof : Concrete Tile, Tar/Gravel
Flooring : Terrazzo Floor, Tile
Ceiling : Sheet Rock
Miscellaneous 1 : Laundry
Miscellaneous 2 : Pool
Total Units : 8
Unit 1: Unit Description : 1 Bedroom
Unit 1: Full Baths: 1
unit 2: Unit Description : 1 Bedroom
unit 2: Full Baths: 1
unit 3: Unit Description : 1 Bedroom
unit 4: Unit Description : Efficiency
unit 4: Full Baths: 1
unit 5: Unit Description : Efficiency
unit 6: Unit Description : Efficiency
unit 6: Full Baths: 1
unit 7: Unit Description : 1 Bedroom
unit 7: Full Baths: 1
unit 8: Unit Description : 1 Bedroom
unit 8: Full Baths: 1
Utilities : Cable, Electric, Generator, Public Sewer, Public Water
Property Use : Hotel/ Motel, Income, Mixed
Type of Building : Hotel / Motel, Income, Resident. Multi-Fam.
Location : Beach Area, City, County, Investment
Available Info : Owner managed
Zoning : RMM(ci
Fire Protect : Smoke Alarm, Smoke Detector
Heating System : Window/Wall
Cooling System : Ceiling Fan, Wall-Win A/C
Construction : CBS
Roof : Concrete Tile, Tar/Gravel
Flooring : Terrazzo Floor, Tile
Ceiling : Sheet Rock
Miscellaneous 1 : Laundry
Miscellaneous 2 : Pool

Street Address: 1 Tropical Drive
City: Ocean Ridge
State: Florida
Postal Code: 33435
County: Palm Beach
Directions: East on E Woolbright Rd, South on Jimmy Buffet Mem Hwy, property is on East side of road

Property Information :
Listing Status: Active
Size: 4,310 Sqft
MLS #: 11142310
Bathrooms: 8 ba
Price: $2,795,000
Tax Amount: 21714.00
Construction Status: Built in 1956
Last Modified : Nov 21 2025 5:30PM

Courtesy of: Joshua McDonald, Compass Florida LLC (MLS# 276719540)
Source MLS: BEACHES