Max Weinberg And Rebbecca Weinberg Sell Intracoastal Lots For $13 Million In Ocean Ridge
7 Sabal Island Drive
$13,000,000
Building Size
—
Asset Type
Land
Closing
Aug 10, 2026
AI
The property asset involved in the transaction consists of two adjoining Intracoastal lots located at 7 and 9 Sabal Island Drive, Ocean Ridge, FL. The assembled land totals 33,000 square feet, with a sale price of $13,000,000. The lot features approximately 325 feet of waterfront, deep-water dockage, and a rebuilt seawall.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $13,000,000
- Address: 7 & 9 Sabal Island Drive
- Market: Ocean Ridge, FL
- Lot Size: 33,000 SF
- Price Per Lot Square Foot: $394
- Seller: Max Weinberg & Rebbecca Weinberg
- Broker Representatives: Nick Malinosky & Michael O'Connor - The Exclusive Group - Douglas Elliman
In this transaction, Max Weinberg and his wife, Rebbecca, successfully sold their property with representation from brokers Nick Malinosky and Michael O’Connor of Douglas Elliman, who handled both sides of the deal.
Players
Ocean Ridge Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93