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1020 NE 16th Ter, Fort Lauderdale FL 33304
1020 NE 16th Ter, Fort Lauderdale FL 33304
1020 NE 16th Ter, Fort Lauderdale FL 33304
1020 NE 16th Ter, Fort Lauderdale FL 33304
1020 NE 16th Ter, Fort Lauderdale FL 33304
1020 NE 16th Ter, Fort Lauderdale FL 33304
Florida>Fort Lauderdale>Lake Ridge

1020 NE 16th TerFort Lauderdale, FL 33304

For Sale

$579,000

Smart Buyer Rebate $4,475

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

Listed by Caroline Sesi

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License #3461168

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Keller Williams Realty Service

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954-319-6792

Last updated October 09, 2025

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Source: MIAMIRE #A11874270

Listing Facts

  • TypeMulti-family
  • NeighborhoodLake Ridge
  • Days on Prevu44
  • Taxes$7,278/year
  • Size1,104 sqft
  • Price per sqft$524

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

10/09/2025
Price Decreased
$579,000
09/08/2025
Listed by Keller Williams Realty Service
$699,999

Property Details for 1020 NE 16th Ter

Association

General

  • Number Of Units In Community: 2

Exterior

Construction

  • Roof: Flat Tile, Shingle
  • Stories: 1
  • Stories Total: 1
  • Structure Type: Duplex
  • Year Built: 1951
  • Year Built Details: Resale
  • Architectural Style: Attached, Ranch
  • Building Name: Lake Ridge Progresso
  • Construction Materials: Concrete Block With Brick, CBS Construction, Stucco

Measurements

  • Building Area Total: 1,104
  • Building Area Units: Square Feet
  • Lot Features: Less Than 1/4 Acre Lot
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 494234045530
  • Tax Annual Amount: $7,278.00
  • Tax Year: 2024

Interior

Features

  • Flooring: Terrazzo

Measurements

  • Living Area: 1,104
  • Living Area Units: Square Feet

Other

Location

  • Subdivision Name: Lake Ridge Progresso,Lake Ridge

Parking

Parking

  • Parking Total: 4

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Window/Wall
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Municipal Water

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.