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7 Sabal Island Drive

SOLDLand

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:

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

Nicholas Malinosky

Douglas Elliman

Broker

$573.8M

vol

23 deals

Broker

Max Weinberg

Seller

$13M

vol

1 deal

Seller

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