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, re-imagine, 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 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.
For sale
$3,295,000
23 Sabal Island Dr, Ocean Ridge, FL 33435
2beds
1,460sqft
Single Family Residence, Residential
Built in 1974
0.25 Acres Lot
$3,053,800 Zestimate®
$2,257/sqft
$-- HOA
What's special
Premier waterfront propertyTwo-car garagePrivate beach accessQuarter-acre estateProtected waterways
- 162 days |
- 288 |
- 7 |
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
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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: $2,257/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
$3,053,800
$2.90M - $3.21M
$5,928/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | $326,482 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 33435
Nearby schools
GreatSchools rating
- 2/10Rolling Green Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 3/10Boynton Beach Community High SchoolGrades: PK,6-12Distance: 2.2 mi
- 3/10Lantana Middle SchoolGrades: 6-8Distance: 3.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Palm Beach County
- Ocean Ridge
- 33435
- 23 Sabal Island Dr







