$930,000
Sold · November 10, 2025
1040 NE 16th Avenue
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
- $930,000
- Vs. list price
- 4.6% under
- Days on market
- 186
- Price per sq ft
- $182
This multi-family property in Lake Ridge sold for $930,000 on November 10, 2025. That was 4.6% below its final list price of $975,000. It first came on the market at $1,200,000, so the price was adjusted before it sold. It spent 186 days on the market.
Listing Snapshot
- Sold Price
- $930,000
- Sold On
- November 10, 2025
- Days on Site
- 186 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 5,097 sqft
- Total Sq Ft
- 6,509 sqft
- Year Built
- 1978
- Property Type
- Multi-Family
- MLS #
- A11768220
- Property Tax
- $16,533 (2024)
- Subdivision
- LAKE RIDGE
- County
- Broward
- Status
- Sold
About This Property
PRICE IMPROVEMENT on This fabulous triplex, located in beautiful Lake Ridge is super clean and well maintained. The owner’s unit is one level. The living space is open, with plenty of room for dining and entertainment areas. The third bedroom has potential to be the primary bedroom suite or an in-law suite. The two attached townhouses, each have two bedrooms, 1.5 baths, and separate utilities. Shared private pool/ patio oasis is tucked away in the back of the house. Laundry is coin op, and is is in an enclosed area. The owners unit is currently vacant, and could rent for $3000/month. The townhouses have long term tenants, month to month occupancy. Ideal for investment or owner operator. Conveniently located to shopping, dining, 2.5 miles to beach, call and make an appointment today!
Virtual TourGeneral Features
- Property Type
- Multi-Family
- Status
- Sold
- Year Built
- 1978
- Property Condition
- Resale
- Number of Stories
- 2
- Living Sq Ft
- 5,097
- Total Sq Ft
- 6,509
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- RMM-25
Interior Features
- Cooling
- Central Air
- Heating
- Other / Separate Meters
- Flooring
- Ceramic Tile
- Laundry
- Outside
Exterior Features
- Construction
- Block
- Roof
- Shingle
- Private Pool
- Yes
- Pool Features
- In Ground
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 3380
Features & Amenities
About the Community
Lake Ridge is a community in Fort Lauderdale, Broward County, Florida. Active listings are priced from $615,000 to $1,200,000. Homes were built between 1949 and 2022. Pure Equity lists homes in Lake Ridge 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
- 10
- Under Contract
- 3
- Median List Price
- $1,175,000
- Median $/Sq Ft
- $552
- Avg Days on Market
- 87
Frequently Asked Questions
- How do I schedule a tour of 1040 NE 16th Avenue, Fort Lauderdale, FL 33304?
- Use the Tour button on this listing to request a showing of 1040 NE 16th Avenue, 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 1040 NE 16th Avenue, Fort Lauderdale, FL 33304 still available?
- 1040 NE 16th Avenue, Fort Lauderdale, FL 33304 is currently listed as Sold, and has been on the market 186 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 1040 NE 16th Avenue, Fort Lauderdale, FL 33304?
- With 20% down ($195,000) on the $975,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1040 NE 16th Avenue, Fort Lauderdale, FL 33304 is about $5,124/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 1040 NE 16th Avenue, Fort Lauderdale, FL 33304?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1040 NE 16th Avenue, 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 1040 NE 16th Avenue, Fort Lauderdale, FL 33304?
- Often, yes. The right offer on 1040 NE 16th Avenue, 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 LPT Realty, LLC
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.
$930,000
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Listed by Anthony Mauro, LPT Realty, LLC
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Recent Sales
Recently sold homes in Lake Ridge
These are the last 6 recorded closings in Lake Ridge, with the price each home actually sold for rather than what it was listed at. They closed at a median of $534 per square foot. The most recent closed on July 20, 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$1,500,000
Sold · July 20, 2026
1232 NE 17th Terrace
3 bed · 3.5 bath
Sold$1,500,000
Sold · July 7, 2026
1137 NE 11th Avenue
4 bed · 3.5 bath
$95,000 under the asking price
Sold$1,395,000
Sold · March 24, 2026
1215 N Victoria Park Road
3 bed · 3.5 bath · 3,103 sqft · $450/sqft
$55,000 under the asking price
Sold$1,400,000
Sold · February 20, 2026
1320 NE 16th Avenue B
3 bed · 3.5 bath · 2,330 sqft · $601/sqft
$100,000 under the asking price
Sold$700,000
Sold · February 12, 2026
1124 NE 18th Avenue
2 bed · 2.5 bath · 1,363 sqft · $514/sqft
$49,999 under the asking price
Sold$610,000
Sold · December 29, 2025
1200 NE 12 Avenue
2 bed · 1 bath · 1,143 sqft · $534/sqft
$60,000 under the asking price
See every recorded sale in Lake Ridge or find out what your Lake Ridge home is worth.
