$515,000
Sold · November 18, 2025
1020 NE 16th Terrace
Fort Lauderdale, FL 33304
Lake Ridge Progresso
Explore the area: Fort Lauderdale homes for sale · Broward County real estate
Sale Summary
What this home sold for
- Sold price
- $515,000
- Vs. list price
- 11.1% under
- Days on market
- 45
- Price per sq ft
- $466
This multi-family property in ZIP 33304 sold for $515,000 on November 18, 2025. That was 11.1% below its final list price of $579,000. It first came on the market at $699,999, so the price was adjusted before it sold. It spent 45 days on the market.
Listing Snapshot
- Sold Price
- $515,000
- Sold On
- November 18, 2025
- Days on Site
- 45 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 1,104 sqft
- Total Sq Ft
- 1,104 sqft
- Year Built
- 1951
- Property Type
- Multi-Family
- MLS #
- A11874270
- Property Tax
- $7,278 (2024)
- Subdivision
- Lake Ridge Progresso
- Development
- Lake Ridge
- County
- Broward
- Status
- Sold
About This Property
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
MLS media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Sold
- Year Built
- 1951
- Property Condition
- Resale
- Number of Stories
- 1
- Living Sq Ft
- 1,104
- Total Sq Ft
- 1,104
- Structure Type
- Duplex
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- RMM-25
Interior Features
- Cooling
- Wall Window Units
- Heating
- Separate Meters / Wall Furnace
- Flooring
- Terrazzo
Exterior Features
- Construction
- Block / Stucco
- Roof
- Flat / Shingle / Tile
- Waterfront Features
- None
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Conventional / FHA / Va Loan
- MLS Area
- 3380
Features & Amenities
About the Area
Browse Fort Lauderdale homes for sale across every neighborhood and price point in Broward. Available homes span single-family, townhome, and condo segments throughout the city. Fort Lauderdale includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Broward, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Broward market data, see Florida Realtors' monthly statistics. Browse the latest Fort Lauderdale listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 2,781
- Under Contract
- 489
- Median List Price
- $695,000
- Median Sale Price (September)
- $550,000
- Median $/Sq Ft
- $467
- Avg Days on Market
- 144
Frequently Asked Questions
- How do I schedule a tour of 1020 NE 16th Terrace, Fort Lauderdale, FL 33304?
- Use the Tour button on this listing to request a showing of 1020 NE 16th Terrace, Fort Lauderdale, FL 33304. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1020 NE 16th Terrace, Fort Lauderdale, FL 33304 still available?
- 1020 NE 16th Terrace, Fort Lauderdale, FL 33304 is currently listed as Sold, and has been on the market 45 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1020 NE 16th Terrace, Fort Lauderdale, FL 33304?
- With 20% down ($115,800) on the $579,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1020 NE 16th Terrace, Fort Lauderdale, FL 33304 is about $3,043/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1020 NE 16th Terrace, Fort Lauderdale, FL 33304?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1020 NE 16th Terrace, Fort Lauderdale, FL 33304. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 1020 NE 16th Terrace, Fort Lauderdale, FL 33304?
- Often, yes. The right offer on 1020 NE 16th Terrace, Fort Lauderdale, FL 33304 depends on how it's priced against comparable multi-family sales in Fort Lauderdale, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Keller Williams Realty Service
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$515,000
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Listed by Caroline Sesi, Keller Williams Realty Service
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Recent Sales
Recently sold homes in ZIP 33304
These are the last 6 recorded closings in ZIP 33304, with the price each home actually sold for rather than what it was listed at. They closed at a median of $541 per square foot. The most recent closed on October 15, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$417,000
Sold · October 15, 2026
215 N Birch Road 4c
1 bed · 1 bath · 1,000 sqft · $417/sqft
$57,999 under the asking price
Sold$280,000
Sold · October 15, 2026
505 N Fort Lauderdale Beach Boulevard 2205
1 bed · 1.5 bath · 906 sqft · $309/sqft
$49,000 under the asking price
Sold$1,470,000
Sold · October 15, 2026
1133 NE 12th Avenue
3 bed · 3.5 bath · 2,717 sqft · $541/sqft
$80,000 under the asking price
Sold$700,000
Sold · October 15, 2026
3101 Bayshore Drive 1205
2 bed · 2 bath · 1,176 sqft · $595/sqft
$50,000 under the asking price
Sold$530,000
Sold · October 14, 2026
341 N Birch Road 315
1 bed · 1 bath · 685 sqft · $774/sqft
$45,000 under the asking price
Sold$2,150,000
Sold · October 9, 2026
2617 NE 13th Court
0 bed · 0 bath
$325,000 under the asking price
See every recorded sale in ZIP 33304 or find out what your ZIP 33304 home is worth.
