$585,000
Sold · April 14, 2026
1025-1027 NE 16 Terrace
Fort Lauderdale, FL 33304
Explore the area: Fort Lauderdale homes for sale · Broward County real estate
Sale Summary
What this home sold for
- Sold price
- $585,000
- Vs. list price
- 22% under
- Days on market
- 95
- Price per sq ft
- $139
This multi-family property in Progresso sold for $585,000 on April 14, 2026. That was 22% below its final list price of $750,000. It first came on the market at $799,000, so the price was adjusted before it sold. It spent 95 days on the market.
Listing Snapshot
- Sold Price
- $585,000
- Sold On
- April 14, 2026
- Days on Site
- 95 Days
- Bedrooms
- 0
- Total Baths
- 4
- Living Area
- 4,223 sqft
- Total Sq Ft
- 6,753 sqft
- Lot Size
- 0.16 Acres
- Year Built
- 1960
- Property Type
- Multi-Family
- MLS #
- R11132122
- Property Tax
- $15,157 (2024)
- Subdivision
- Progresso
- County
- Broward
- Status
- Sold
About This Property
Don't miss this great investment opportunity in Lake Ridge! This Quadplex needs work to become an updated property. It is currently rented & offers strong income potential. Or, if preferred, it can be quickly readied for tear down. It's in a prime walkable location near downtown, beaches, shopping, and dining. The lot includes two buildings: a one-story with two 1/1s, and a two-story with two 2/1s, one of which has 25 feet ceilings. Each unit features a private yard or patio. Each building has separate water meters, and each unit has its own electric meter. Please do not disturb tenants or walk the property without an appointment.
Virtual TourGeneral Features
- Property Type
- Multi-Family
- Status
- Sold
- Year Built
- 1960
- Property Condition
- Resale
- Levels
- Two
- Lot Size (Acres)
- 0.16
- Living Sq Ft
- 4,223
- Total Sq Ft
- 6,753
- Structure Type
- Quadruplex
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- RMM-25
Interior Features
- Cooling
- Ceiling Fans / Wall Window Units
- Heating
- Other
- Flooring
- Tile
Exterior Features
- Construction
- Frame
- Roof
- Other
- Exterior Features
- Outdoor Living Area
- Patio & Porch
- Covered / Deck / Patio
- Lot Features
- Less Than Quarter Acre
- Waterfront Features
- None
Community & HOA
- Association Amenities
- None
- Utilities
- Cable Available / Sewer Available / Water Available
- Financing Terms
- Cash / Other
- Restrictions
- No Restrictions
- MLS Area
- 3380
About the Community
Progresso is a community in Fort Lauderdale, Broward County, Florida. Active listings are priced from $244,900 to $2,900,000. Homes were built between 1931 and 2027. Pure Equity lists homes in Progresso and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 187
- Under Contract
- 22
- Median List Price
- $767,000
- Median Sale Price (September)
- $690,000
- Median $/Sq Ft
- $472
- Avg Days on Market
- 98
Frequently Asked Questions
- How do I schedule a tour of 1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304?
- Use the Tour button on this listing to request a showing of 1025-1027 NE 16 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 1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304 still available?
- 1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304 is currently listed as Sold, and has been on the market 95 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 1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304?
- With 20% down ($150,000) on the $750,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304 is about $3,942/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 1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1025-1027 NE 16 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 1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304?
- Often, yes. The right offer on 1025-1027 NE 16 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 CENTURY 21 Tenace Realty
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.
$585,000
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Listed by Debra J Temkin, CENTURY 21 Tenace Realty
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Recent Sales
Recently sold homes in Progresso
These are the last 6 recorded closings in Progresso, with the price each home actually sold for rather than what it was listed at. They closed at a median of $468 per square foot. The most recent closed on September 28, 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$520,000
Sold · September 28, 2026
1625 NW 2nd Avenue
3 bed · 2 bath · 1,111 sqft · $468/sqft
$29,800 under the asking price
Sold$690,000
Sold · September 25, 2026
1436 NE 17TH Terrace
5 bed · 4 bath · 1,668 sqft · $414/sqft
$60,000 under the asking price
Sold$1,170,000
Sold · September 25, 2026
1424 NE 16TH Avenue
4 bed · 3 bath · 1,780 sqft · $657/sqft
$25,000 under the asking price
Sold$525,000
Sold · September 22, 2026
1732 NE 15TH Avenue
3 bed · 2 bath · 1,080 sqft · $486/sqft
$25,000 under the asking price
Sold$900,000
Sold · September 21, 2026
848 NW 2nd Avenue
0 bed · 0 bath · 1,936 sqft · $465/sqft
$75,000 under the asking price
Sold$1,650,000
Sold · September 21, 2026
842 NW 1st Avenue
0 bed · 0 bath · 4,753 sqft · $347/sqft
$250,000 under the asking price
See every recorded sale in Progresso or find out what your Progresso home is worth.
