Price Reduction - New Construction - Seller Financing
Address
1331 Ne 16th Ter, Fort Lauderdale, FL
Price
$ 2,695,000
Property Attributes
- MLS#A12042579
- TypeSingle Family
- Listing Status Active
- CountyBroward
- CityFort Lauderdale
- Area3380
- NeighborhoodPROGRESSO
- Zip33304
- Style
- Year Built2026
- Taxes$ 10553
- Price$ 2,695,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3438
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
1 SOLD 2 LEFT! Brand-new construction coming soon in the highly desirable Lake Ridge neighborhood. One of three exclusive single-family residences being developed on this rapidly transforming street, with one already under contract pre-construction and only two opportunities remaining. This thoughtfully designed residence will offer approximately 3,460 SQFT under air with 4 bedrooms and 4 bathrooms, including a first-floor bedroom with a private en-suite bath. Open-concept floor plan featuring spacious living areas, high ceilings, large impact windows and doors, and luxury finishes throughout. Buyers who secure the property during construction will have the opportunity to customize select finishes, colors, and design elements with the developer. Estimated completion approximately 11 months. ( early/mid 2027) Located on one of Lake Ridge's most active redevelopment streets, surrounded by new construction. The developer is also constructing 10 modern townhomes directly across the street, contributing to the area's continued growth and transformation. Conveniently located minutes from Las Olas Boulevard, Downtown Fort Lauderdale, Fort Lauderdale Beach, shopping, dining, and entertainment. A rare opportunity to own a new construction home in one of Fort Lauderdale's fastest-growing neighborhoods. Features, specifications, finishes, and dimensions are subject to change without notice. Estimated completion dates are approximate. Buyer to verify all information.
| Elementary School | Middle School | High School |
|---|---|---|
| Bennett Elementary School | Sunrise Middle School | Fort Lauderdale High School |
| Price History | |
|---|---|
| 6/24/2026 | Listed $2,625,000 |
| 9/3/2026 | 3$2,695,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air,Ceiling Fan(s) |
| Possession | Close Of Escrow |
| Roof | Other |
| Appliances | Dryer,Dishwasher,Disposal,Washer |
| Development Status | New Construction |
| Garage Spaces | 2 |
| Patio/Porch Features | Balcony,Open |
| Architectural Style | Two Story |
| Pool Features | Other,Pool |
| Security Features | Smoke Detector(s) |
| Restrictions | No Restrictions |
| Year Built | 2026 |
| View | Pool |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Other |
| County | Broward |
| New Construction | true |
| Property Type | Residential |
| Subdivision Name | PROGRESSO |
| Facing Direction | East |
| Garage Y/N | true |
| Full Baths | 4 |
| Status | Active |
| High School | Fort Lauderdale |
| City | Fort Lauderdale |
| Disclosures | Owner Is Listing Agent,Other |
| Senior Community Y/N | false |
| Zoning Description | RC-15 |
| MLS Area | 3380 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 13497 |
| Listing Terms | Owner May Carry,Other |
| Elementary School | Bennett |
| Year Built Details | New Construction |
| Tax Annual Amount | 10553 |
| Middle/Junior High School | Sunrise |
| MLS Area Minor | Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700) |
| Lease Considered Y/N | false |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A12042579 |
| Standard Status | Active |
| Occupancy Type | Call Agent |
| Property Sub Type Additional | Single Family Residence |
| PostalCity | Fort Lauderdale |
| Legal Description | PROGRESSO 2-18 D LOT 4,5 BLK 90 |
Interior Features
| Interior Amenities | Bedroom on Main Level,First Floor Entry |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 4 |
| Total Baths | 4 |
Exterior Features
| Exterior Amenities | Balcony,Barbecue,Other |
|---|---|
| Parking Features | Other,Garage Door Opener |
| Lot Features | < 1/4 Acre |
| Water Source | Public |
| Lot Size Area | 13497 |
| Private Pool | true |
| Waterfront Y/N | false |
| Covered Spaces | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33304
Price
Taxes
Year Built
In The Neighborhood
Seller Financing
Fort Lauderdale
$ 545,000
- Type
- Single Family
- Size
- 2,034 SqFt
- Rooms
- 4 Beds + 2 Baths
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 13, 2026 5:55 PM UTC
Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.
Data Last Updated: September 13, 2026 6:54 PM UTC
