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+63 photosLuxury estate — 23 COCONUT Lane · Boynton Beach Park · Ocean Ridge
South Florida Luxury Living
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Open property magazine$6,495,000
23 COCONUT Lane, Ocean Ridge, FL 33435
Ocean Ridge, FL, 33435
4 bd · 6 ba · 6,691 sqft
Listed by Serhant
23 COCONUT Lane, Ocean Ridge, FL 33435
Listed by Serhant
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Estimated monthly payment
$41,713/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $41,713/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesWelcome to The Hidden Palm at 23 Coconut Lane, a completely reimagined residence tucked away at the end of a quiet street in the charming beachside town of Ocean Ridge. Set on an expansive private 19,000+ SF lot just a five minute walk to the beach, The Hidden Palm offers something increasingly hard to find: the character and warmth of an established coastal home with virtually everything made new. Gutted to the studs, portions of the original structure were preserved while everything else from major systems to finishes is brand new. For those seeking the feel of a newly completed luxury home without sacrificing warmth, character or privacy, The Hidden Palm offers a rare opportunity minutes from downtown Delray Beach and a short drive to Palm Beach.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 7%
The seller has come down from $6,995,000 to $6,495,000 — a $500,000 reduction since it came on the market.
93 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
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Your costs (est.)
≈ $41,713/mo
23 COCONUT Lane, Ocean Ridge, FL 33435 · Ocean Ridge
Location
23 COCONUT Lane, Ocean Ridge, FL 33435
One home, every check
Dock & Draft Match™ brings this home's dock length, low-water depth, every bridge, the ocean run, frontage and yacht size together in one place. Estimate only, not guaranteed. Verify before you buy or sell.
What buyers ask about this home
What are the estimated monthly carrying costs at 23 COCONUT Lane, Ocean Ridge, FL 33435?+
Property tax (after sale): $6,568/month est.; homeowners insurance: $1,444/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $8,012/month est. Principal and interest: $33,701/month; PMI: $0/month. Total for the payment scenario shown: $41,713/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 23 COCONUT Lane, Ocean Ridge, FL 33435?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 23 COCONUT Lane, Ocean Ridge, FL 33435 need flood insurance, and what drives the premium?+
Most of Ocean Ridge sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 23 COCONUT Lane, Ocean Ridge, FL 33435?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the waterfront at 23 COCONUT Lane, Ocean Ridge, FL 33435?+
Waterfront ownership adds seawall maintenance and eventual replacement, dock and lift servicing, higher flood and wind premiums, and salt-air upkeep on exterior finishes and equipment. Confirm bridge height and water depth at low tide if you plan to keep a boat.
Is there room to negotiate on 23 COCONUT Lane, Ocean Ridge, FL 33435?+
This listing has been on the market 93 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Ocean Ridge, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Forest Park Elementary School
Elementary · 1.4 mi from this home · 1201 Sw 3Rd St, Boynton Beach
Congress Community Middle School
Middle school · 2.6 mi from this home · 101 S Congress Ave, Boynton Beach
Boynton Beach Community High
High school · 2.2 mi from this home · 4975 Park Ridge Blvd, Boynton Beach
Zone boundaries published by School District of Palm Beach County.
Other options for this address
Trinity Evangelical Lutheran Chrch Of Del Ray Bch
Elementary · Private · Christian · Grades PK–8 · Delray Beach
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
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Simon Gedz
Realtor® since 1995
Interested in this property?
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$6,495,000
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