About 1020 Ne 16th Terrace
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 of 1020 Ne 16th Terrace
| MLS® # | A11874270 |
|---|---|
| USD | $515,000 |
| CAD | $716,015 |
| CNY | 元3,457,710 |
| EUR | €446,508 |
| GBP | £382,346 |
| RUB | ₽43,593,823 |
| Last Listing Price | $579,000 |
| Year Built | 1951 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Closed |
| HOPA | No Hopa |
Community Information
| Address | 1020 Ne 16th Terrace |
|---|---|
| Area | 3380 |
| Subdivision | Lake Ridge Progresso |
| Development | Lake Ridge |
| City | Fort Lauderdale |
| County | Broward |
| State | FL |
| Zip Code | 33304 |
Amenities
| Utilities | Cable Available |
|---|---|
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Heating | Window/Wall, Separate Meters |
|---|---|
| Cooling | Wall/Window Unit(s) |
| # of Stories | 1 |
Exterior
| Roof | Flat, Shingle, Tile |
|---|---|
| Construction | Stucco, CBS, Concrete Block - No Stucco |
Additional Information
| Date Closed | November 18th, 2025 |
|---|---|
| Date Listed | September 8th, 2025 |
| Days on Market | 372 |
| Zoning | RMM-25 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Parcel ID | 494234045530 |
Listing Details
| Office | Keller Williams Realty Service |
|---|