23 Coconut Lane, Ocean Ridge, FL, 33435 | $7,950,000

Tucked away at the end of a quiet, private lane in the exclusive coastal enclave of Ocean Ridge, 23 Coconut Lane offers a rare opportunity to own nearly half an acre just moments from the beach. Set on an expansive 19, 000+ square foot lot, this residence delivers the perfect blend of privacy, scale, and South Florida lifestyle. Completely gut renovated from the shell and reimagined into a 2026 Ocean Ridge masterpiece, this home offers the feel of new construction with the character and setting of an established coastal neighborhood. As you enter, you're welcomed by a grand open foyer, complemented by custom wine storage and a spacious office/den—ideal for working from home or a quiet retreat. The home then opens into a light-filled living room that flows seamlessly into the formal dining area, creating an inviting setting for both everyday living and entertaining. The kitchen is truly the heart of the home—designed for both a chef and a designer's eye—featuring an oversized island, Wolf gas appliances, custom panel refrigerator, wine cooler, ice maker, and a generous walk-in pantry. The space opens effortlessly to a cozy breakfast nook and informal living area, all overlooking the pool and expansive outdoor loggia. Upstairs, accessible by two beautifully designed staircases, you'll find four oversized bedrooms, each with en-suite bathrooms. The primary suite is a true retreat, offering stunning views of the backyard, a spa-like bath with an oversized shower, freestanding tub, dual vanities with a dedicated makeup area, separate his-and-her water closets, and expansive custom closets. One of the most impressive features of the home is the extensive wraparound balconies and terraces accessible from every upstairs bedroom—providing incredible views of the lush, private grounds and enhancing the indoor-outdoor lifestyle. The outdoor experience is equally exceptional, featuring a covered loggia overlooking a serene preserve, a fully equipped summer kitchen, private outdoor shower, and a cabana bath designed for seamless poolside living. With over 6, 000 total square feet, 4 bedrooms, and 5. 5 bathrooms, this home offers both immediate enjoyment and long-term value in one of South Florida's most desirable, low-density beachside communities. Private. Expansive. Coastal living at its best.

Features

  • Rooms: 3
  • Bedrooms: 4
  • Baths: 5 full / 1 half
  • Laundry: Inside, Laundry Room, Sink
  • Style: Contemporary
  • Year Built: 2002
  • Garage: 2-car Attached
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Zoned
  • Approx Sq. Feet: 6,013
  • Acreage: 0.45
  • Est. Taxes: $33,133
  • Lot Desc: Cul-De-Sac, Landscaped, Oversized Lot
  • View: Preserve
  • Water Front: Yes
  • Elem. School: Forest Park
  • Middle School: Congress
  • High School: Boynton Beach
  • Pool: Fenced, Gas Heat, In Ground, Pool/Spa Combo, Private
  • Pet Policy: Yes, No Restrictions
  • Appliances: Gas Water Heater, Dryer, Disposal, Dishwasher, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Freezer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Dryer, Gas Range, Ice Maker, Microwave, Oven, Refrigerator, Trash Compactor, Vented Exhaust Fan, Water Heater, Washer, Range, Wine Refrigerator
  • MLS#: B26015513
  • Website: https://www.raveis.com
    /eprop/B26015513/23coconutlane_oceanridge_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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23 Coconut Lane, Ocean Ridge, FL, 33435

$7,950,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $6,360,000 $6,360,000 $6,360,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.300% 6.247% 6.183%
Monthly Tax Payment $2,761 $2,761 $2,761
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $37,622 $38,644 $53,669
Total Monthly Payment $40,508 $41,530 $56,555

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.