by Global Lifestyle Properties
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Ocean Ridge 33435 Mc Cormick Mile
16 Sabal Island Drive
$1,400,000
● House - Off Market

16 Sabal Island Drive

Ocean Ridge, FL 33435
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,132 Ft²
$2,702,657
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model

About This Property

FABULOUS 5 BEDROOM PLUS DEN AND 5 1/2  BATHS, LOCATED CUL-DE-SAC ON SABAL  ISLAND DRIVE!  250 FT ON THE CANAL, 2 DOCKS - 2 BOAT LIFTS, PORTION OF BACKYARD FENCED.  BEAUTIFUL OVERSIZED FULLY TILED POOL!  35 KW GENERATER, 25 SOLAR PANAL FOR HOT WATER HEATER.  SOLAR PANELS FOR POOL.  PRIVATE SAUNA OUTSIDE & SAUNA IN MASTER BATH, ALONG WITH BEAUTIFUL TUB IN MASTER BEDROOM.
Unit Size
4,132 Ft²
Days on Market
93 days
Land Size
-
Price per sqft
$362
Property Type
House
Property Taxes
$1,088
HOA Dues
-
Year Built
2018

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 4 months ago (Beaches MLS #R10010253)

Price History

Date / Event Date Event Price
Mar 14, 2023 Sold
Premium
Sold
Oct 3, 2022 Listed by Realty Associates/Boca Raton $8,295,000
Listed by Realty Associates/Boca Raton
Jan 9, 2019 Sold
Premium
Sold
Sep 25, 2018 Listed by Realty Associates/Boca Raton $4,795,000
Listed by Realty Associates/Boca Raton
Sep 7, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 7
  • Partial Bathrooms: 7
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 736
  • Parking Space Count: 2
  • Patio Type: 60
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 18,535
  • Lot Size Depth Feet: 80
  • Lot Size Frontage Feet: 2,260
  • Total Building Area: 6,847
  • Gross Building Area: 6,847
  • Building Area: 5,395
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 5,395
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MC CORMICK MILE
  • Land Acres: 0000000426
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: MC CORMICK MILE LT 16

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005411

Zoning

  • Zoning: RSF

Geography

  • Assessors Map Reference: 308
  • Parcel: 46-43-45-22-09-000-0160
  • Lot: 16
  • Meridian: SEC 22 TWN 45S RNG 43E
  • Municipality: OCEAN RIDGE
  • Latitude: 26.5365
  • Longitude: -80.0481

    Address

  • Full Address: 16 Sabal Island Dr
  • Address - House Number: 16
  • Address - Street Name: Sabal Island
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Ocean Ridge
  • Carrier Code: C001
  • 4-Digit Zip Code: 3321
  • Zip Code: 33435

Valuation

    Tax

  • Total Area: 5,750
  • Tax Year: 2022
  • Tax Amount: $7,358,191
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: 46984

    Appraisal Valuation

  • Standard Deviation: 0.1876
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 6,894,602
  • High Value: 8,188,291
  • Low Value: 5,600,913

    Market Valuation

  • Market Total Value: $4,372,235
  • Market Land Value: $1,927,200
  • Market Improvement Value: $2,445,035

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,646,899

    Sales

  • Current Sale Contract Date: Mar 08, 2023
  • Current Sale Recording Date: Mar 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 83635
  • Previous Sale Recording Date: Jan 09, 2019
  • Previous Sale Contract Date: Jan 08, 2019
  • Previous Sale Amount: $4,300,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Mc Cormick Mile

Stats & Trends

Median Asking:

$3,325,000

Sale Price/ft²

$1,060

Below Asking

0.03%

Average Days on Market

216

Average Home Size

1460 ft²

Average Home Age

52 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 125 Se 6th Avenue, BOYNTON BEACH, FL, 33435

$1,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,224 ft²
125 Se 6th Avenue, BOYNTON BEACH, FL, 33435 Listing by Merly Esgro

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: June R Dunlea
Realty Associates/Boca Raton
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# R10010253
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 16 Sabal Island Drive built and last sold?
The property at 16 Sabal Island Drive was built in 2018 and last sold on Mar 8, 2023 for $6,600,000.
How much is this home worth?
The estimated value of the home located at 16 Sabal Island Drive is $8,166,339.
What are some comparable homes to 16 Sabal Island Drive?
There are currently no comparable homes to 16 Sabal Island Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Ocean Ridge Homes for Sale
Ocean Ridge Houses for Sale
Ocean Ridge Condos for Sale
Ocean Ridge Townhouses for Sale
Ocean Ridge Land for Sale
Ocean Ridge Homes with Basements
Ocean Ridge Homes with Pools
Ocean Ridge Homes with Parking
Nearby Cities
Lantana Homes for Sale
Hypoluxo Homes for Sale
San Castle Homes for Sale
Gulf Stream Homes for Sale
Briny Breezes Homes for Sale
Nearby Property Records
Palm Beach County, FL Property Records
Broward County, FL Property Records
Martin County, FL Property Records
St. Lucie County, FL Property Records
Hendry County, FL Property Records
Glades County, FL Property Records
Miami-Dade County, FL Property Records
Okeechobee County, FL Property Records
Neighborhoods
Rolling Green Ridge Real Estate
Lantana Pines Real Estate
Ocean Breeze Real Estate
Gulf Stream Estates Real Estate
Central Park Real Estate
Crestview Real Estate
Gulfstream Golf Course Real Estate
Top Real Estate Agents
Top Agents in Mc Cormick Mile
Top Agents in Ocean Ridge
Top Agents in 33435
Top Agents in Lantana
Top Agents in Hypoluxo
Top Agents in San Castle
Top Agents in Rolling Green Ridge
Top Agents in Lantana Pines