Florida
Fort Lauderdale
1020 NE 16th Ter

$579,000

1020 NE 16th Ter, Fort Lauderdale, FL 33304

1,104 sqft

Duplex
Built in 1951
—— sqft lot
—— car garage
$524/sqft
Listed 1 month ago

Property 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

Listing Status:: Active
Date Added:: September 8, 2025 at 05:00AM
Listing Office:: Keller Williams Realty Service : 561-245-4000
Listing Agent:: Caroline Sesi : 954-319-6792
MLS ID:: A11874270

Flooring: Terrazzo
A/C: Wall/Window Unit(s)
Heating: Window/Wall

Style: AttachedRanch

Roofing: Flat TileShingle
General: Concrete Block With BrickCBS ConstructionStucco1

Originating MLS: Miami Association of REALTORS®
County: Broward County

Zoning: RMM-25PROGRESSO 2-18 D LOT 18 BLK 169494234045530

Water: Municipal Water
Sewer: Public Sewer

Source: Miami Association of REALTORS®

This listing courtesy of Caroline Sesi, Keller Williams Realty Service

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Bennett Elementary School

1755 NE 14th St, Fort Lauderdale, FL, 33304

Grades KG-5

0.51 miles away

Sunrise Middle School

1750 NE 14th St, Fort Lauderdale, FL, 33304

Grades 6-8

0.43 miles away

Fort Lauderdale High School

1600 NE 4th Ave, Fort Lauderdale, FL, 33305

Grades 9-12

1.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.