5 photos$2,000,000list price
Price cut$750,000
3 bd · 2 ba · 1,958 sq ft House
35 ANNA ST, OCEAN RIDGE, FL 33435
Listing courtesy of The Mastropieri Group, LLC. MLS# B26033525.On the MLS · Listed Jun 2
$1,974,999
18 ADAMS RD, OCEAN RIDGE, FL 33435
4 baths2,208 sq ft2 to 4 unitsBuilt 1959
Updated today, November 3, 2026This home against Ocean Ridge
$894 per sq ft, 8% over the Ocean Ridge median
585 days on the market
Price cut $525,001 since it was listed at $2,500,000
$18,160 in property taxes (2024)
8,712 sq ft lot
Ocean Ridge today: 43 homes for sale, median list price $1,795,000.
About this home
What an AMAZING OPPORTUNITY! Seize this exceptional chance to own a multifamily quadplex in the exclusive and rapidly growing Ocean Ridge neighborhood, situated east of A1A and less than a minute's walk from deeded beach access. This multifamily quadplex presents an exceptional income-generating opportunity, is ideal for investors looking to capitalize on short term, seasonal and long-term rental demand. Situated on approximately 65' x 137' lot, this 2,700 sq. ft. quadplex, consists of four spacious 1-bedroom, 1-bathroom units, each offering a comfortable coastal retreat. 1 unit can be converted to a very spacious 2 bedroom, 1 bath unit. Unit 4 currently has an annual lease in place with tenant's paying $3,250 per month. Unit 3 currently has an annual lease in place with tenant paying $2,025 per month. New Upgrades include: Recently installed new roof (2025), impact-resistant windows and doors. All four units have been tastefully updated. Kitchens with white quartz countertops, white shaker cabinets, and stainless-steel appliances. Renovated and updated baths in all four units. Terrazzo floors in unit 4 and new vinyl flooring throughout the remaining 3 units. The property is zoned RMM Medium Density Residential, allowing for single-family and multifamilydevelopment offering potential for future expansion or redevelopment. Unbeatable Location: Less than a minute's walk to the beach, bike trails, and scenic oceanfront roads. High Rental Demand: Strong monthly, seasonal, and annual rental potential due to its prime location. Conveniently close to Downtown Delray Beach, residents enjoy easy access to top-tier dining, shopping, and entertainment. Whether you're looking to enhance your investment portfolio or create a bespoke coastal retreat, this property offers unmatched potential for income generation and future development. Don't miss out on this rare opportunity. Schedule your private showing today.
Listing courtesy of RE/MAX Direct. MLS# R11076354.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed March 28, 2025.
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