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Duplex - Lake Ridge Progresso

1020 NE 16th Ter, Fort Lauderdale, FL 33304Closed - 11/18/2025
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$515,000  Built: 1951
N/A N/A N/A
Type of PropertyDuplex
Style of PropertyDuplex
Property Ft²1,104
Living Ft²1,104
Price per Ft²$466.49
PetsN/A
WaterfrontN/A
PoolN/A
FurnitureN/A
Property description of Duplex - Lake Ridge Progresso

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

Exterior Features
No information about Exterior Features.
Interior Features
No information about Interior Features.
Amenities
No information about Amenities.
Equipment/Appliances
No information about Equipment/Appliances.
Property Features
NameLake Ridge Progresso
MLSA11874270
ForeclosureN/A
Short SaleN/A
Parking 
Parking Restrictions 
Parking Spaces4
Lot Ft² 
Approx. Lot Size 
Boat DockNone
Last Update238 days
Pet Restrictions 
Floor Number 
Cooling DescriptionWall/Window Unit(s)
Heating DescriptionWindow/Wall
View 
ConstructionConcrete Block With Brick, CBS Construction, Stucco
Flooring TypeTerrazzo
Maintenance Fees 
Taxes$7,278
Property contact form
Gladys Martinez PA
Gladys Martinez PA305-321-7889gmrealtor7@gmail.com
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Fort Lauderdale

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MLS Data Source: Miami Association of REALTORS. Copyright SEFMLS © 2026
Listing is a courtesy of Keller Williams Realty Service. Office (abarbar@kw.com, 561-245-4000). Agent (csesi@hireanagent.net, 954-319-6792).
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

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Gladys Martinez - Real Estate Sales AssociateCompass Florida, LLC.NAR RealtorEqual Housing Opportunity

Gladys Martinez is a real estate agent affiliated with Compass Florida, LLC.. Compass Florida, LLC. is a licensed real estate broker and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. no statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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