NOT LISTED FOR SALE

7 Sabal Island Dr Boynton Beach, FL 33435

Estimated Value: $9,044,000

4 Beds
3 Baths
1,703 Sq Ft
$5,311/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $3,650,000 $2,143 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $51,648/month

59 Days on Market

Highlights

  • 121 Feet of Waterfront
  • Private Pool
  • 2 Car Garage
  • Property has ocean access
  • Central Heating and Cooling System
  • Family Room

About This Home

As of September 2022

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.

Last Agent to Sell the Property

Steven Presson

The Corcoran Group License #3135349 Listed on: 06/16/2022

The Corcoran Group

Last Buyer's Agent

Steven Presson

The Corcoran Group License #3135349 Listed on: 06/16/2022

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,870

Year Built

  • Built in 1973

Lot Details

  • 0.26 Acre Lot
  • 121 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • Property is zoned RSF(ci

Parking

  • 2 Car Garage

Interior Spaces

  • 1,703 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Private Pool
  • Property has ocean access

Utilities

  • Central Heating and Cooling System

Community Details

  • MC Cormick Mile Subdivision

Listing and Financial Details

  • Assessor Parcel Number 46434522090000070

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,870

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: OCEAN AVE TO A1A N. TO SABAL ISLAND DRIVE ON LEFT. DIRECT INTRACOASTAL
  • Year Built: 1973
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Appliances: None
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Carpet
  • Living Area: 1703.0
  • Dining Room Type: Family Room
  • Stories: 1

Exterior Features

  • Road Frontage Type: Waterfront
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 46434522090000070
  • Lot Size Sq Ft: 11408.0
  • Zoning Description: RSF(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 11870.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2022
Closed on
Sep 6, 2022
Sold by
H Frederick E Schuster Iii Living Trust
Bought by
Weinberg Max M and Weinberg Rebecca S
Seller's Agent
Steven Presson
The Corcoran Group
Buyer's Agent
Steven Presson
The Corcoran Group
List Price
$3,750,000
Sold Price
$3,650,000
Premium/Discount to List
-$100,000
-2.67%
Current Estimated Value
$9,044,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,394,000
Avg. Annual Appreciation
34.00%
Original Mortgage
$2,555,000
Outstanding Balance
$2,390,053
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$6,653,947

Purchase Details

Closed on
Mar 13, 1995
Sold by
Schuster Fred and Elizabeth Schuster R
Bought by
Schuster H F E
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Weinberg Max M -- --
Schuster H F E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weinberg Max M $2,555,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2022 09/14/22 Sold $3,650,000 -2.7% $2,143 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $3,750,000 -- $2,202 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $46,085 $2,529,616 -- --
2023 $46,812 $2,539,228 $2,480,016 $59,212
2022 $11,917 $662,806 $0 $0
2021 $11,870 $643,501 $0 $0
2020 $11,708 $634,616 $0 $0
2019 $11,673 $620,348 $0 $0
2018 $11,013 $608,781 $0 $0
2017 $10,880 $596,260 $0 $0
2016 $10,959 $583,996 $0 $0
2015 $11,214 $579,936 $0 $0
2014 $11,235 $575,333 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steven Presson

    Seller's Agent in 2022

    Steven Presson

    The Corcoran Group

    (561) 757-0172

    41 in this area

    112 Total Sales

    Steven Presson
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Map

Source: BeachesMLS

MLS Number: R10808981

BeachesMLS

APN: 46-43-45-22-09-000-0070

Florida Palm Beach County Boynton Beach 33435

7 Sabal Island Dr, Boynton Beach, FL

This home is located at 7 Sabal Island Dr, Boynton Beach, FL 33435 since 16 June 2022 and is currently estimated at $9,044,000, approximately $5,310 per square foot. This property was built in 1973. 7 Sabal Island Dr is a home located in Palm Beach County with nearby schools including Rolling Green Elementary School, Boynton Beach Community High School, and Lantana Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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