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
For sale
$2,995,000
23 Sabal Island Dr, Ocean Ridge, FL 33435
2beds
1,460sqft
Single Family Residence, Residential
Built in 1974
0.25 Acres Lot
$2,786,000 Zestimate®
$2,051/sqft
$-- HOA
What's special
Two-car garagePrivate beach accessIsland settingTwo bedroomsTwo bathsWaterfront propertyOutstanding boating access
- 278 days
- 567
- 22
Zillow last checked:
Listing updated:
Listed by:
STEVEN R PRESSON 561-843-6057,
The Corcoran Group,
HUNTER PRESSON 561-945-1988
Source: Palm Beach BOR,MLS#: 26-97
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Main
- Area: 144
- Dimensions: 12 x 12
Kitchen
- Level: Main
- Area: 112
- Dimensions: 8 x 14
Living room
- Level: Main
- Area: 192
- Dimensions: 16 x 12
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Refrigerator, Electric Range, Dishwasher, Washer, Dryer
Features
- Flooring: Tile
- Windows: Jalousie
Interior area
- Total structure area: 2,522
- Total interior livable area: 1,460 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Levels: One
- Patio & porch: Patio
- Has private pool: Yes
- On waterfront: Yes
- Waterfront features: Canal Front
Lot
- Size: 0.25 Acres
- Dimensions: 100
Details
- Parcel number: 46434522090000230
- Zoning: RSF
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Block, Stucco
- Roof: Tile
Condition
- Year built: 1974
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Subdivision: McCormick Mile
Location
- Region: Ocean Ridge
Financial & listing details
- Price per square foot: $2,051/sqft
- Tax assessed value: $2,162,943
- Annual tax amount: $8,896
- Date on market: 1/16/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$2,786,000
$2.65M - $2.93M
$5,631/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Listed for sale | $2,995,000-9.1%$2,051/sqft |
Source: | ||
| 1/16/2026 | Listed for sale | $3,295,000$2,257/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,167 +3% | $534,050 +2.9% |
| 2024 | $8,896 +2.5% | $518,999 +3% |
| 2023 | $8,683 +0.5% | $503,883 +3% |
| 2022 | $8,639 +0.5% | $489,207 +3% |
| 2021 | $8,598 +1.4% | $474,958 +1.4% |
| 2020 | $8,478 +1.3% | $468,400 +2.3% |
| 2019 | $8,367 | $457,869 +1.9% |
| 2018 | $8,367 +5% | $449,332 +2.1% |
| 2017 | $7,967 +1.3% | $440,090 +2.1% |
| 2016 | $7,867 -0.7% | $431,038 +0.7% |
| 2015 | $7,919 -2.4% | $428,042 +0.8% |
| 2014 | $8,117 +1.3% | $424,645 +1.5% |
| 2013 | $8,009 +0.5% | $418,369 +1.7% |
| 2012 | $7,972 +1.6% | $411,376 +3% |
| 2011 | $7,846 +0.9% | $399,394 +1.5% |
| 2010 | $7,776 +5.8% | $393,492 +2.7% |
| 2009 | $7,348 +7.6% | $383,147 +0.1% |
| 2008 | $6,828 +3% | $382,764 +3% |
| 2007 | $6,629 -3.7% | $371,616 +2.5% |
| 2006 | $6,887 | $362,552 +3% |
| 2005 | -- | $351,992 +3% |
| 2004 | $3,619 +3380.2% | $341,740 +1.9% |
| 2003 | $104 -98.4% | $335,368 +2.4% |
| 2002 | $6,437 +0.3% | $327,508 +1.6% |
| 2001 | $6,417 +4% | $322,350 +3% |
| 2000 | $6,169 +4.8% | $312,961 -4.1% |
| 1999 | $5,886 | $326,482 |
Find assessor info on the county website
Monthly payment
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