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23 Sabal Island Drive, Ocean Ridge FL 33435

House For Sale
$2,995,000

BTC: 36.64729275

ETH: 1,217.47967480

-$300K (2026/10/06)
268 days
Waterfront
2 bds
2 ba
1,460 sqft

Overview

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

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Parking Garage
Year Built:
1974
Lot:
0.25 Acres
Heating:
Central
Price/sqft:
$2,051
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$529,000
$405K – $1.9M
Confidence Low
List vs. estimate
$2.5M above estimate
List $2,995,000 · +466.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$2,051
+100.8% vs. city median $1,021
Based on
7 MLS comparables
+ 10 public-records sales within 0.5 mi
Median actual sale: $2.6M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$9,167
2025
Pool
Private
View
Intracoastal View, Pool
Waterfront
Canal Front, Canal
Garage
2 car garage
Pets
Allowed
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Electric Range

    • Refrigerator

    • Washer

    Other interior features

    • No Interior Features

    • Family Room

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • 2 Or More Spaces

    • Parking Garage

    Property

    • Levels: 1

    • Pool Private: Yes

    Lot

    • Lot: 0.25 Acres

    Other Property Information

    • Parcel Number: 46434522090000230

    • Zoning: RSF(ci

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Septic

    • Water Connected

    • Water Available

  • Other financial information

    • Annual tax amount: $9,167

  • Source details

    • MLS ID: R11155024

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot / Less Than 1 Acre / Septic

    • Direction Faces: West

    • Other Structures: Livable

    • Waterfront: Yes

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 1460

    • Water Source: Public

    • Subdivision Name: MC CORMICK MILE

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: The Corcoran Group