1020 NE 16th Terrace Fort Lauderdale, FL 33304
Lake Ridge NeighborhoodEstimated payment $4,849/month
Total Views
3,612
0.16
Acre
$4,750,000
Price per Acre
6,751
Sq Ft Lot
About This Lot
Excellent opportunity for builders or investors looking to undertake a development in a sought-after urban development. Property is zooned for duplex or a multi-family structure ( 3 units) up to 5 story high ( 55 feet high) Lot is 6,762sf (0.16AC) Prime location with excellent visibility and accessibility. Strong demand for housing space in the area. Note: some of the photos depict renderings. Multifamily Ref's: Lot Size Min 5,000sfHeight Max: 55 ft Lot Width Min: 50ftFront Set Back: 25ftSide set back: 10ftRear Set-back: 20ftLand Density: 3.8 units rounded down 3 units Maxduplex #1 is 1bdr 1 bath* similar structure generates $2k a monthduplex#2 is 2br 1 bath* similar structure generates $2.5K a monthwater meter is shared, 2 meters for electricity, roof 2010
Property Details
Property Type
- Land
Est. Annual Taxes
- $7,278
Year Built
- 1952
Lot Details
- 6,751 Sq Ft Lot
- Property is zoned RMM-25
Property Views
- Water Views
Community Details
- Progresso Subdivision
Listing and Financial Details
- Assessor Parcel Number 494234045530
- Seller Considering Concessions
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,278 | $307,750 | -- | -- |
| 2024 | $6,935 | $307,750 | -- | -- |
| 2023 | $6,935 | $254,350 | $0 | $0 |
| 2022 | $5,993 | $231,230 | $0 | $0 |
| 2021 | $5,639 | $210,210 | $0 | $0 |
| 2020 | $4,901 | $230,160 | $54,010 | $176,150 |
| 2019 | $4,028 | $200,070 | $54,010 | $146,060 |
| 2018 | $3,481 | $173,780 | $54,010 | $119,770 |
| 2017 | $3,250 | $143,590 | $0 | $0 |
| 2016 | $3,038 | $130,540 | $0 | $0 |
| 2015 | $2,777 | $118,680 | $0 | $0 |
| 2014 | $2,626 | $108,930 | $0 | $0 |
| 2013 | -- | $102,740 | $54,010 | $48,730 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/14/2025 03/14/25 | Price Changed | $760,000 | -2.6% | -- |
| 02/22/2025 02/22/25 | Price Changed | $780,000 | -2.5% | -- |
| 01/28/2025 01/28/25 | For Sale | $799,999 | -- | -- |
Source: BeachesMLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $43,214 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $66,250 | Commercial |
Source: Public Records
Similar Properties in Fort Lauderdale, FL
Source: BeachesMLS
MLS Number: R11056770
APN: 49-42-34-04-5530
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