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$299,555
Ocean Ridge, FL 33435
Ocean Ridge Legacy Point
Explore the area: Ocean Ridge homes for sale · Palm Beach County real estate
$1,574 /mo
Principal and interest only, based on $59,911 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateThere is only one. A once-in-a-generation opportunity to acquire 3.2± acres of privately owned submerged land in the Town of Ocean Ridge. NOW OFFERED AT $299,555. A 2020 appraisal valued the parcel at $4.2M under hypothetical high-and-dry assumptions requiring bulkhead, fill, and governmental approvals. Whether envisioned as a private estate, explored for future development, or for environmental or mitigation-related applications, subject to all applicable governmental approvals. Surrounded by luxury residences in one of South Florida's most prestigious coastal communities. Extensive due diligence materials, surveys, and studies available. SELLER WILL EXECUTE THE FIRST PURCHASE AGREEMENT SUBMITTED THAT COMPLIES WITH THE TERMS OF SALE. THE MARKET HAS SPOKEN — THE SELLER HAS LISTENED. The Public Pricing® process produced a high offer of $900,000 from a developer requiring extended timelines, contingencies and approvals, and a $200,000 all-cash investor offer with no contingencies. The Seller has chosen time and certainty over a higher contingent price and is now offering the property at a fixed price of $299,500 CASH. No auction and no bidding against others—the first qualified buyer to deliver an acceptable executed contract on the stated terms gets the property. There Is Only One. Some opportunities simply cannot be duplicated. This extraordinary 3.2± acre submerged waterfront parcel represents one of the last significant land offerings in the incorporated Town of Ocean Ridge—an exclusive barrier island community where privacy, prestige, and natural beauty have defined the character of the town for generations. Ocean Ridge is renowned for its quiet residential atmosphere, limited commercial development, and commitment to preserving the charm of Old Florida while offering residents immediate access to every modern convenience. Surrounded by the Atlantic Ocean to the east and the Intracoastal Waterway to the west, Ocean Ridge enjoys a setting that few communities in South Florida can match. Located just minutes from the vibrant downtown districts of Delray Beach and Boca Raton, residents enjoy world-class restaurants, boutique shopping, private clubs, marinas, golf courses, arts and cultural venues, and some of Florida's most beautiful beaches. Worth Avenue in Palm Beach, Mizner Park in Boca Raton, and Atlantic Avenue in Delray Beach are all within a convenient drive. Travel is equally convenient. Palm Beach International Airport is approximately 20 miles north, Fort Lauderdale-Hollywood International Airport is approximately 40 miles south, and Miami International Airport is approximately 65 miles south, providing convenient access to domestic and international destinations throughout the world. Palm Beach County has long been recognized as one of America's premier luxury real estate markets, attracting executives, entrepreneurs, professional athletes, entertainers, seasonal residents, and families seeking an exceptional quality of life. Ocean Ridge remains one of its most exclusive addresses because opportunities to acquire substantial waterfront property are exceptionally limited. THE NATURE OF THE LAND. This is privately owned submerged land. Nearly all submerged bottom in Florida is sovereign and state-owned; private ownership of this kind is rare, and it is what makes this parcel unusual. Any high-and-dry use would require bulkhead construction, fill, and all applicable federal, state, county, and municipal approvals. Under a hypothetical high-and-dry development scenario, zoning would allow single family at 3.6 units per acre and residential medium density for a total of up to 12 units, or subdivision into 3 to 9 lots. A 2020 appraisal valued the parcel at $4.2 million under that appraisal's stated hypothetical development assumptions; that figure is not a current market value. The parcel also presents potential for salt water mitigation—mangrove or seagrass mitigation, relocation, and preservation strategies—for waterfront developers, homeowners, hotels, condominiums, and businesses, as well as for philanthropic conservationists seeking a legacy asset. Whether your vision is to create an extraordinary private waterfront estate or explore future development possibilities, subject to all applicable governmental approvals, this property offers an opportunity that may never be repeated. Properties of this size, location, and potential rarely become available in Ocean Ridge. Extensive due diligence materials have been assembled to assist qualified purchasers, including surveys, engineering information, conceptual renderings, studies, reports, and additional supporting documentation. The information has been organized to allow prospective purchasers to evaluate this unique opportunity efficiently and thoroughly. This property is being offered through the Public Pricing™ process. Phase One concluded on July 31, 2026. The market spoke and the Seller listened, this is a buy it now price. There is no bid deadline. The Seller will execute the first Purchase Agreement submitted that complies with the Terms and Conditions of Sale at $299,555
Virtual TourAbout the Area
Browse Ocean Ridge homes for sale across every neighborhood and price point in Palm Beach. Available homes span single-family, townhome, and condo segments throughout the city. Ocean Ridge includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Palm Beach, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Palm Beach market data, see Florida Realtors' monthly statistics. Browse the latest Ocean Ridge listings below. Then connect with a Pure Equity Realty agent to schedule a private showing.
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Listing courtesy of 920 Real Inc.
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity Realty. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 3, 2026.
$299,555
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Listed by Fred DeFalco, 920 Real Inc.
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