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14 Sabal Island Drive
About This Property
Located on the prestigious Sabal Island in Ocean Ridge, the home benefits from its inclusion in the highly sought-after McCormick Mile. Ownership includes access to a deeded beach house directly across A1A on the ocean, offering the rare combination of premier Intracoastal living with convenient beach access.
Ocean Ridge is known for its quiet, seaside charm, private police department, and excellent security, while still offering easy access to shopping and dining. Palm Beach is just to the north, and Delray Beach is minutes to the south.
For boaters, this location is exceptional. Multiple fuel docks are located just minutes away, and direct ocean access is approximately two minutes from your dock via the Boynton Inlet, making this an ideal home base for both Intracoastal cruising and offshore boating.
While the existing home is a candidate for renovation, the true value lies in the land, location, elevation, waterfrontage, and extraordinary views. This is a rare opportunity to acquire a truly irreplaceable waterfront property at an incredible price point.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Jan 26, 2026 | In contract | - | |
| In contract | |||
| Jan 19, 2026 | Listed by Douglas Elliman | $3,150,000 | |
| Listed by Douglas Elliman | |||
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About Mc Cormick Mile
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017