Home / Business and Economy / Rock Drummer's $13M Waterfront Deal
Rock Drummer's $13M Waterfront Deal
12 Aug
Summary
- Max Weinberg sold two waterfront parcels for $13 million.
- The property features over 325 feet of Intracoastal Waterway frontage.
- The sale happened quickly without public marketing.
Max and Rebecca Weinberg, known for their involvement with Bruce Springsteen's E Street Band, have successfully sold two adjacent waterfront parcels in Ocean Ridge, Florida. The sale price for these adjoining lots at 7 and 9 Sabal Island Drive reached $13 million. Together, the properties encompass more than 33,000 square feet and offer approximately 325 feet of frontage along the Intracoastal Waterway.
The waterfront land includes deep-water dockage and a recently rebuilt seawall, providing direct access to the Atlantic Ocean via the nearby Boynton Inlet. This prime real estate was reportedly discovered and purchased by an unidentified buyer within days, without ever being listed on the open market. The transaction was facilitated by Nick Malinosky and Michael O'Connor of Douglas Elliman, who represented both the buyer and seller.
This sale underscores the significant demand for large waterfront land parcels in Palm Beach County, where the average asking price for such properties exceeds $10.8 million. The scarcity of contiguous waterfront sites makes them particularly attractive to affluent buyers seeking to build custom homes. Ocean Ridge and its neighboring communities have become hotspots for high-profile owners, including prominent figures in business and media.
