1121 River Drive NE
About This Property
The upper-level features approximately 1,705 SF with two bedrooms, two full bathrooms, an open-concept great room, dining area, and a 245 SF covered waterfront balcony. The designer kitchen showcases an oversized quartz large island with wood-slat accents, gold-tone fixtures, pendant lighting, 42-inch white shaker upper cabinets, contrasting black lower cabinets, subway-tile backsplash, wet bar, hidden walk-in pantry, and Samsung stainless-steel appliances. The luxurious primary suite includes large walk-in closets, a 9' × 8' pocketing glass door opening to the balcony, a floating vanity, 60-inch freestanding soaking tub with floor-mounted filler, and an oversized designer-tiled shower with multifunction fixtures.
The lower level provides approximately 897 SF of conditioned space with three separately defined flex spaces, a full designer bathroom, majestic foyer, and solid-oak staircase. The flex spaces offer exceptional versatility for home offices, fitness, recreation, hobbies, climate-controlled storage, or a live/work lifestyle. Flex spaces are not represented or permitted as bedrooms.
Additional features include impact-rated windows and exterior doors, eight-foot double impact-glass entry doors, designer porcelain tile, a high-efficiency Rheem RTEX-24 electric tankless water heater, a 240 SF covered lanai, and cedar tongue-and-groove ceilings over both outdoor living areas.
Car enthusiasts, contractors, and hobbyists will appreciate the oversized 765 SF garage, consisting of separate two-car and one-car garages, plus an expansive driveway.
The backyard directly fronts a natural creek connected to Turkey Creek, creating a private waterfront setting with relaxing views, abundant wildlife, and opportunities to enjoy Florida outdoor living. Neighboring properties feature docks and seawalls, adding to the established waterfront character of the area.
CUSTOM DESIGN " TURKEY CREEK WATERFRONT " THREE FLEX SPACES " OVERSIZED GARAGE " NO HOA " NO CDD
Water depth, navigability, docking, and access to other waterways have not been verified. Buyer should independently verify water access and permitting for any future dock, seawall, or shoreline improvements.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2026 | Price Decreased |
$479,900
↓ $10K
(2%) | |
| Price Decreased | |||
| Sep 1, 2026 | Price Decreased |
$489,900
↓ $25K
(4.9%) | |
| Price Decreased | |||
| Aug 13, 2026 | Price Decreased |
$514,900
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jul 31, 2026 | Listed by RLL Real Estate Group | $524,900 | |
| Listed by RLL Real Estate Group | |||
| Jan 5, 2024 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Palm Bay
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,550 /mo
- 2 Beds
- 2 Baths
- 1,206 ft²
$1,700 /mo
- 2 Beds
- 1 Bath
- 888 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017