23 Sabal Island Drive, Ocean Ridge, FL 33435 — MLS photo

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23 Sabal Island Drive, Ocean Ridge, FL 33435

Active · SingleFamilyResidence

$2,995,000

23 Sabal Island Drive, Ocean Ridge, FL 33435

Beds
2
Baths
2
Living area
1,460 sq ft
$ / sq ft
$2,051/sq ft
Year built
1974
Lot size
11,008 sq ft
HOA fee
—
Annual tax
—

About this property

Sabal Island, Ocean Ridge — A Rare Waterfront Setting for Your Forever Home. Just reduced $300,000 and priced to sell, this exceptional waterfront property offers an A+ location, 100 feet of deep-water frontage, and the opportunity to create a forever home just steps from the beach. Set on coveted Sabal Island in the small seaside town of Ocean Ridge, this approximately quarter-acre property brings together the qualities that make coastal real estate so desirable: an island setting, outstanding boating access, private beach access, and a location with lasting appeal. Here, the opportunity extends beyond the existing home—it is the chance to create something truly special on a valuable piece of waterfront land. The current residence offers two bedrooms, two baths, a den, and a two-car garage across approximately 2,500 square feet. Renovate and reimagine the home or explore building a custom residence tailored to your vision. With 100 feet of waterfront, there is an exceptional foundation for a life centered on the water. Membership to the exclusive McCormick Beach Club provides private beach access, placing boating and beach days within the same everyday lifestyle. Ocean Ridge offers a rare balance of privacy, tranquility, and convenience. Its residential character and uncrowded coastal setting feel worlds away, yet the restaurants, boutiques, and nightlife of Delray Beach's Atlantic Avenue are close by, with Palm Beach's Worth Avenue a short drive north. A meaningful price reduction. A premier island location. An extraordinary opportunity to create your forever home in one of South Florida's most desirable coastal communities

Property location

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23 Sabal Island Drive, Ocean Ridge, FL 33435

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,460 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1974
Lot size
11,008 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$0
County
Palm Beach
MLS listing ID
R11155024
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$10,909

Cap rate
1.3%
Net yield
1.3%
Cash-on-cash return
-15.6%
Gross yield
4.4%
Mortgage payment
$14,198/mo
Down payment
$748,750
Loan amount
$2,246,250
Annual NOI
$39,461

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.