$2,695,000
1331 NE 16th Terrace
Fort Lauderdale, FL 33304
Explore the area: Fort Lauderdale homes for sale · Broward County real estate
Price Check
How this price compares
- List price
- $2,695,000
- Price per sq ft
- $784
- Vs. nearby sales
- 63.3% above
- Days on market
- 91
This 4-bedroom single-family home in Progresso is listed at $2,695,000, or $784 per square foot. It has been on the market for 91 days. The 5 most recent single-family home sales in the closings shown below sold at a median of $480 per square foot, so the asking price is 63.3% above what comparable homes here actually sold for.
Estimated monthly payment
$14,163 /mo
Principal and interest only, based on $539,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $2,695,000
- Days on Site
- 91 Days
- Bedrooms
- 4
- Total Baths
- 4
- Full Baths
- 4
- Living Area
- 3,438 sqft
- Lot Size
- 0.31 Acres
- Year Built
- 2026
- Property Type
- Single Family
- MLS #
- A12042579
- Property Tax
- $10,553 (2025)
- Subdivision
- PROGRESSO
- County
- Broward
- Status
- Active
About This Property
1 SOLD 2 LEFT! Brand-new construction coming soon in the highly desirable Lake Ridge neighborhood. One of three exclusive single-family residences being developed on this rapidly transforming street, with one already under contract pre-construction and only two opportunities remaining.This thoughtfully designed residence will offer approximately 3,460 SQFT under air with 4 bedrooms and 4 bathrooms, including a first-floor bedroom with a private en-suite bath. Open-concept floor plan featuring spacious living areas, high ceilings, large impact windows and doors, and luxury finishes throughout.Buyers who secure the property during construction will have the opportunity to customize select finishes, colors, and design elements with the developer. Estimated completion approximately 11 months. ( early/mid 2027)Located on one of Lake Ridge's most active redevelopment streets, surrounded by new construction. The developer is also constructing 10 modern townhomes directly across the street, contributing to the area's continued growth and transformation. Conveniently located minutes from Las Olas Boulevard, Downtown Fort Lauderdale, Fort Lauderdale Beach, shopping, dining, and entertainment.A rare opportunity to own a new construction home in one of Fort Lauderdale's fastest-growing neighborhoods. Features, specifications, finishes, and dimensions are subject to change without notice. Estimated completion dates are approximate. Buyer to verify all information.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Active
- Year Built
- 2026
- Property Condition
- New Construction
- New Construction
- Yes
- Number of Stories
- 2
- Levels
- Two
- Garage Spaces
- 2
- Parking
- Garage / Garage Door Opener
- Direction Faces
- East
- Lot Size (Acres)
- 0.31
- Living Sq Ft
- 3,438
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- RC-15
Interior Features
- Appliances
- Dryer / Dishwasher / Disposal / Washer
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central
- Interior Features
- Main Level Primary
Exterior Features
- Roof
- Other
- Exterior Features
- Balcony / Barbecue / Outdoor Living Area / Other
- Private Pool
- Yes
- Pool Features
- Other
- Patio & Porch
- Open / Balcony
- View
- Pool
Community & HOA
- Association Amenities
- Other
- Security
- Smoke Detectors
- Financing Terms
- Owner Will Carry / Other
- Restrictions
- No Restrictions
- MLS Area
- 3380
Schools
- Elementary School
- Bennett
- Middle School
- Sunrise
- High School
- Fort Lauderdale
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
- 190
- Under Contract
- 22
- Median List Price
- $767,000
- Median Sale Price (September)
- $650,000
- Median $/Sq Ft
- $472
- Avg Days on Market
- 97
Frequently Asked Questions
- How do I schedule a tour of 1331 NE 16th Terrace, Fort Lauderdale, FL 33304?
- Use the Tour button on this listing to request a showing of 1331 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 1331 NE 16th Terrace, Fort Lauderdale, FL 33304 still available?
- 1331 NE 16th Terrace, Fort Lauderdale, FL 33304 is currently listed as Active, and has been on the market 91 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 1331 NE 16th Terrace, Fort Lauderdale, FL 33304?
- With 20% down ($539,000) on the $2,695,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1331 NE 16th Terrace, Fort Lauderdale, FL 33304 is about $14,163/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 1331 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 1331 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.
- What schools serve 1331 NE 16th Terrace, Fort Lauderdale, FL 33304?
- 1331 NE 16th Terrace, Fort Lauderdale, FL 33304 is zoned for Bennett (elementary), Sunrise (middle), Fort Lauderdale (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 1331 NE 16th Terrace, Fort Lauderdale, FL 33304?
- Often, yes. The right offer on 1331 NE 16th Terrace, Fort Lauderdale, FL 33304 depends on how it's priced against comparable single 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 REI By Zip 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 June 25, 2026.
$2,695,000
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Listed by Amit Drore, REI By Zip LLC
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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 $480 per square foot. The most recent closed on September 30, 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$610,000
Sold · September 30, 2026
1432 NE 2ND Avenue
3 bed · 2 bath · 1,272 sqft · $480/sqft
$19,000 under the asking price
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
See every recorded sale in Progresso or find out what your Progresso home is worth.
