Henri’s Apartments

Located in the exclusive, upscale town of Ocean Ridge, 1 Tropical Drive offers a rare investment opportunity within South Florida’s most coveted coastal settings. Positioned at the corner of N Ocean Blvd and Tropical Drive, this 8-unit multifamily property is nestled east of the Intracoastal Waterway, just a short stroll from a private beach. Ocean Ridge is known for its tranquil, affluent ambiance and limited commercial development, surrounded primarily by luxury single-family homes and select high-value townhomes that can command prices of up to $1,400 per square foot. This prime location attracts tenants seeking privacy, stunning beaches, and direct access to upscale dining, shopping, and convenient transit routes. With limited multifamily options available in Ocean Ridge, this property presents an exceptional redevelopment opportunity for a developer looking to create high-end residences in one of South Florida’s most desirable, secluded coastal communities.Henri’s Apartments at 1 Tropical Drive is an 8-unit, fully-leased multifamily property in the exclusive coastal town of Ocean Ridge. Spanning 4,310 square feet across three buildings on a 0.3-acre corner lot, it includes three studios and five one-bedroom units, with deeded private beach access and a commercial-sized pool. Currently generating cash flow with potential for rental growth, the property also has city-approved redevelopment potential for four luxury townhomes, offering a unique opportunity for both steady income and long-term appreciation in a prime South Florida market.