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+66 photosLuxury home — 18 Adams Road · Ocean Shore Estates · Ocean Ridge







































































$1,974,999
18 Adams Road, Ocean Ridge, FL 33435
Ocean Ridge, FL, 33435
— bd · 4 ba · 2,208 sqft
Listed by RE/MAX Direct
18 Adams Road, Ocean Ridge, FL 33435
Listed by RE/MAX Direct
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Estimated monthly payment
$12,549/mo
Income & expenses
1 unit| Building totals | Monthly | Annual |
|---|---|---|
| Gross rental income | $3,250 | $39,000 |
| Operating expenses (est.) | $3,123 | $37,475 |
| Net operating income (est.) | $127 | $1,525 |
Expenses include estimated taxes, insurance, HOA and the 10% vacancy, repairs and management allowance. Loan payments are separate.
Yearly rent
$39,000
Property taxes after sale
$23,700
Florida average estimate
Insurance estimate
$9,875
South Florida average insurance estimate
Cap rate — optimistic
0.27%
NOI $5,425/yr
Rent minus taxes, insurance and HOA.
Cap rate — conservative
0.08%
NOI $1,525/yr
Also minus 10% for vacancy, repairs and management.
Cash flow with a loan
Conservative net operating income minus a 30-year loan payment at the price tested above.
Rent figures come from the listing. Taxes are estimated at the tested price, since Florida taxes reset on sale. Planning estimate only, not a quote. Actual premiums depend on roof age, wind mitigation, flood zone, claims history and the carrier. Verify all income and expenses with the seller's rent roll before writing an offer. Estimate only, not guaranteed. Verify before you buy or sell.
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $12,549/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesWhat 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.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 21%
The seller has come down from $2,500,000 to $1,974,999 — a $525,001 reduction since it came on the market.
592 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $12,549/mo
18 Adams Road, Ocean Ridge, FL 33435 · Ocean Ridge
Location
18 Adams Road, Ocean Ridge, FL 33435
What buyers ask about this home
What are the estimated monthly carrying costs at 18 Adams Road, Ocean Ridge, FL 33435?+
Property tax (after sale): $1,997/month est.; homeowners insurance: $304/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $2,301/month est. Principal and interest: $10,248/month; PMI: $0/month. Total for the payment scenario shown: $12,549/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 18 Adams Road, Ocean Ridge, FL 33435?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 18 Adams Road, Ocean Ridge, FL 33435 need flood insurance, and what drives the premium?+
Most of Ocean Ridge sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 18 Adams Road, Ocean Ridge, FL 33435?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 18 Adams Road, Ocean Ridge, FL 33435?+
This listing has been on the market 592 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Ocean Ridge, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Forest Park Elementary School
Elementary · 1.3 mi from this home · 1201 Sw 3Rd St, Boynton Beach
Congress Community Middle School
Middle school · 2.7 mi from this home · 101 S Congress Ave, Boynton Beach
Boynton Beach Community High
High school · 2.7 mi from this home · 4975 Park Ridge Blvd, Boynton Beach
Zone boundaries published by School District of Palm Beach County.
Other options for this address
Trinity Evangelical Lutheran Chrch Of Del Ray Bch
Elementary · Private · Christian · Grades PK–8 · Delray Beach
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.

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