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MLS ID: A11874270
List price: $ 579 000
Sold price: $ 515 000 (-11%)
Status: Closed
Listing date: 09/08/2025
Closing date: 11/18/2025
Days on market: 71
Sold price per unit of area: $ 466 /sqft

1020 NE 16th Ter, Fort Lauderdale

#MLS: A11874270
$ 579 000
1020 NE 16th Ter, Fort Lauderdale — A11874270

Property details and amenities

Listing date09/08/2025
CityFort Lauderdale, FL 33304
Address1020 NE 16th Ter
Area1104 sqft
Tax/year$ 7 278
Built year1951

Property description

Redevelopment opportunity in the heart of Fort Lauderdales 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

Photo gallery

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1020 NE 16th Ter, Fort Lauderdale, FL 33304 · MLS# A11874270

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