About this home
Rare Waterfront Opportunity in Ocean Ridge - 100 Feet of Deep-Water Frontage. An extraordinary opportunity to own a premier waterfront property on the highly coveted Sabal Island in Ocean Ridge, Florida. This quarter-acre estate boasts 100 feet of true deep-water frontage, offering direct access to one of the finest waterways in the area—perfect for boating enthusiasts and those seeking the ultimate coastal lifestyle. The existing residence offers 2 bedrooms, 2 baths, a den, a two-car garage across approximately 2,500 square feet—an excellent opportunity to renovate, reimagine, or create your custom dream home. Whether you choose to transform the current home or start fresh, the value lies in the land, the water frontage, and the unmatched location. Ocean Ridge is one of South Florida's best-kept secrets. The charming coastal town is known for its beauty, tranquility, and exceptional sense of privacy and security. With no commercial congestion and a strong residential character, Ocean Ridge offers a peaceful seaside lifestyle while remaining centrally located between Palm Beach and Delray Beach. Enjoy quick access to Atlantic Avenue in Delray Beach, renowned for its dining, shopping, and nightlife, or head north to Palm Beach's Worth Avenue, 25 minutes away. This property also includes membership to the exclusive McCormick Beach Club, providing private beach accessan invaluable amenity that completes the ultimate Florida waterfront lifestyle. Ocean Ridge represents one of the best value price points in all of South Florida for waterfront living. With limited inventory, protected waterways, and a highly desirable location, opportunities like this are increasingly rare. Dream home. Dream location. Exceptional value. A truly special offering in one of South Florida's most beautiful and sought-after coastal communities.
Listing last checked: Listing updated:
Listed by Steven R. Presson, Hunter Presson · The Corcoran Group · MLS #R11155024
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Details at a glance
Interior2 property facts
- Heating
- Central
- Cooling
- Central Air
Building3 property facts
- Style
- Single Family Residence
- Year built
- 1974
- Garage
- 2
Land & utilities5 property facts
- Lot size
- 0.25 acres
- Water
- Public
- Sewer
- Septic Tank
- Waterfront
- Y
- Zoning
- RSF(ci
Financial2 property facts
- Annual taxes
- $9,168
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $3,295,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$17,425 / monthAdjust
- Principal & interest
- $16,661
- Property tax
- $764
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $9,168. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 23 Sabal Island Drive
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