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11 DOUGLAS Drive, Ocean Ridge, FL 33435 (MLS# R2737153)

11 DOUGLAS Drive, Ocean Ridge, FL 33435

$2,150,000
Property Type: Commercial Sale Square Footage: 10,765 Status: Closed
Current Price: $2,150,000 List Date: 10/26/2006 Last Modified: 5/22/2026

Overview

Description

OCEAN RIDGE-INVESTMENT OPPORTUNITY, 16 UNIT APARTMENT COMPLEX EAST OF A1A. IDEAL FOR CONDO CONVERSION OR DEVELOPMENT. STEPS FROM THE OCEAN, 3 LOTS, MONTHLY RENTAL INCOME $14,000. NEXT TO BRINY BREEZES.

Listing Details MLS# R2737153

General Property Information

Building Area Main
10765
Year Built
1952
Stories
Yes

Property Features

Documents Available: Existing Survey Electric: Separate Meters Flooring: Ceramic Tile Heating: Window/Wall Location of Property: Beach Access Possession: Close Of Escrow Sale Includes: Building; Land Source Of Expenses: Owner Provided Tenant Pays: Electricity Construction Materials: CBS Cooling: Wall/Window Unit(s) Listing Terms: Cash; Conventional Roof: Tar/Gravel Security Features: None Sewer: Septic Tank Utilities: Cable Available Water Source: Public Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
2499999

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
11
Street Name
DOUGLAS
Street Suffix
Drive
City Name
Ocean Ridge
State Or Province
FL
Postal Code
33435
Area
4120
Geographic Area
PB11
Parcel Number
46434534050010550
Zoning
Rmm
Directions
WOOLBRIGHT TO A1A, SOUTH TO DOUGLAS, EAST TO PROPERTY
Property Description
16 APT BLDG ON 3 LOT

Financial Information

Tax Annual Amount
27533
Tax Year
2005
Tax Legal Description
Blks A,B&Z PB Shore Acres Pt Of Lts 19&20 In Db900p619 & 622 & Db1033p84 /Being Lts 27-A,27-B, 28 & 29, Unrec Pl Of Blue

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y

More Information

Status Change Information

Major Change Timestamp
2007-04-20T16:37:00Z
Major Change Type
Contingency
Status Change Date
2007-06-01
Under Contract Date
2007-05-30
Close Date
2007-05-31
Close Price
2150000
Buyer Financing
Conventional

Building and Property Details

# Of Tenants
14
# Of Toilets
16
% Air Conditioned
100
Interior Ceiling Height
8
Maximum Ceiling Height
9

Distance To Information

Miles to Expressway
4

Meter Information

Number Of Meters Total
15

Income and Expenses

Gross Scheduled Income
172500
Inc/Exp Statement Period
2006
Net Operating Income
122000
Operating Expense
50500

Description of Unit Type 1

Unit Type
2 Bedroom
Units Total
5
Full Baths
5
Annual Rent
975

Description of Unit Type 2

Unit Type
1 Bedroom
Units Total
5
Full Baths
Yes
Annual Rent
875

Description of Unit Type 3

Unit Type
Efficiency
Units Total
6
Full Baths
Yes
Annual Rent
775

Price Calculations

Current Price To SqFt
199.72
Original List Price To Close Price
1.16

Originating Details

Originating System Key
20130215220708068600000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Separate Meters
Yes

Flooring

Ceramic Tile
Yes

Documents Available

Existing Survey
Yes
Photos
Yes

Tenant Pays

Electricity
Yes

Location of Property

Beach Access
Yes

Possession

Close Of Escrow
Yes

Sewer

Septic Tank
Yes

Utilities

Cable Available
Yes

Heating

Window/Wall
Yes

Sale Includes

Building
Yes
Land
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Tar/Gravel
Yes

Security Features

None
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

Call Listing Agent
Yes
Listing Office: Hampton Real Estate Group
IDX
Last Updated: May - 22 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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