17
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3 Sabal Island Drive
About This Property
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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 |
|---|---|---|---|
| Nov 13, 2025 | Listed by Premier Listings | $3,900,000 | |
| Listed by Premier Listings | |||
| Oct 1, 2025 | Listed | $3,900,000 | |
| Listed | |||
| | |||
|
Prime waterfront living in the heart of Ocean Ridge! This beautifully appointed 3BR/2BA single-story home sits on an oversized 11,000 sq ft lot with 100+ ft of Intracoastal frontage and ocean access just minutes away. Enjoy an open floor plan, split-bedroom layout, and a cozy saltwater pool—perfect for entertaining or unwinding. Boaters will love the private dock, which accommodates two vessels. Whether you’re relaxing poolside, cruising the waterways, or hosting friends and family, this home offers the ultimate coastal lifestyle. A rare opportunity to own a piece of
paradise in one of South Florida’s most sought-after communities!
| |||
| Jul 8, 2025 | Price Decreased |
$3,900,000
↓ $200K
(4.9%) | |
| Price Decreased | |||
| Mar 24, 2025 | Listed | $4,100,000 | |
| Listed | |||
| | |||
|
Prime waterfront living in the heart of Ocean Ridge! This beautifully appointed 3BR/2BA single-story home sits on an oversized 11,000 sq ft lot with 100+ ft of Intracoastal frontage and ocean access just minutes away. Enjoy an open floor plan, split-bedroom layout, and a cozy saltwater pool—perfect for entertaining or unwinding. Boaters will love the private dock, which accommodates two vessels. Whether you’re relaxing poolside, cruising the waterways, or hosting friends and family, this home offers the ultimate coastal lifestyle. A rare opportunity to own a piece of paradise in one of South Florida’s most sought-after communities!
| |||
| Nov 6, 1997 | Sold | ||
| Sold | |||
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About Mc Cormick Mile
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$7,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017