5
Map
7 SABAL ISLAND Drive
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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 |
|---|---|---|---|
| Aug 4, 2026 | Sold | ||
| Sold | |||
| Aug 1, 2026 | In contract | - | |
| In contract | |||
| Jul 31, 2026 | Listed by Douglas Elliman | $13,000,000 | |
| Listed by Douglas Elliman | |||
| Sep 14, 2022 | Sold | ||
| Sold | |||
| Jun 16, 2022 | Listed by The Corcoran Group | $3,750,000 | |
| Listed by The Corcoran Group | |||
| | |||
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Build Your Waterfront Island Dream Home in Prestigious Ocean Ridge.
If you've always dreamed of living in a secure, safe, small island community with direct Intracoastal access to the Ocean in just minutes, this .26-acre premium lot with 8' elevation is your dream come true.
Located on the only natural island in Ocean Ridge, this spectacular lot offers you the opportunity to build up to a 3800-SF +|- two-story home with deep water access and 121-feet of direct Intracoastal and recently capped seawall.
Let your imagination run, as you design the perfect home for fabulous south Florida waterfront living in upscale Ocean Ridge. This fabulous lot offers you incredible sunset views off the Intracoastal Waterway and direct boating access to the ocean from the Boynton Inlet just minutes away. World class fine dining and shopping is available in nearby Boca Raton and along Worth Avenue in prestigious Palm Beach, and the Palm Beach International Airport is just a short drive from your home.
Live the quiet, secure south Florida waterfront lifestyle you've always wanted, in the home of your dreams on this perfect island location.
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About Mc Cormick Mile
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
- 2 Beds
- 2 Baths
- 2,476 ft²
$3,500 /mo
- 1 Bed
- 1 Bath
- 702 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017