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11721 RIVE ISLE RUN
About This Property
The architectural presence of the home is immediately evident as you enter the foyer through breathtaking 10-foot glass & iron doors. Inside, rich wood flooring flows seamlessly throughout, while custom lighting, designer finishes, elegant drapery, plantation shutters & high-end built-in features, show that every detail has been carefully considered.
The chef's kitchen is thoughtfully designed for entertaining & everyday enjoyment. Outfitted with an elite suite of appliances including a Thermador 42-inch built-in refrigerator & dishwasher, Sharp microwave drawer, Fisher & Paykel range with 4 gas burners/4 induction burners, stainless-steel hood, the kitchen perfectly combines functionality with style. Quartz countertops, a large center island, tile backsplash, wood cabinetry with display shelving, pendant lighting, walk-in pantry with custom shelving & beverage refrigerator, create a polished & inviting atmosphere, while oversized windows frame beautiful views of the lush landscaping.
The expansive great room & adjoining dining room serve as a stunning focal point with soaring 13-foot ceilings accented by wood beams, impressive chandeliers, gas fireplace, built-in cabinetry & oversized sliding glass doors that seamlessly connect indoor/outdoor living spaces.
Designed with lifestyle in mind, the den/office is enclosed with glass walls & enhanced by a wallpaper accents, wood columns, custom built-in cabinetry & double tray ceiling.
The spacious bonus room offers versatility for a media room or additional guest retreat. This exceptional space features custom wood accent wall, oversized windows with tropical forest views, sliding glass door access to the lanai, storage closet, & beautifully designed half bath.
The owner's suite serves as a luxurious private retreat with coffered ceilings, wallpaper accents, elegant chandelier, dual walk-in closets with custom cabinetry & a spa-inspired primary bathroom featuring two vanities with tile backsplashes, backlit mirrors with integrated television, tray ceiling, chandelier & oversized walk-in shower with floor-to-ceiling tile, freestanding tub & sliding glass doors that lead to a private outdoor patio with shower.
One of the most extraordinary features is the screened outdoor living space designed to embrace the indoor-outdoor lifestyle featuring panoramic view screen, saltwater pool/spa (gas/solar heated), travertine flooring, wood plank ceilings on covered lanai, gas fireplace & outdoor kitchen with Evo gas grill, stainless-steel hood, sink, dual refrigerator drawers & cabinetry.
Other upgrades: impact-resistant windows/doors, 250-gallon propane tank, tankless hot water heater, etc. (see feature sheet). This remarkable estate embodies the best of Florida living with elegant interiors, resort-inspired outdoor spaces and private boating access to the Gulf!
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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 |
|---|---|---|---|
| Jul 8, 2026 | Price Decreased |
$3,349,000
↓ $46K
(1.4%) | |
| Price Decreased | |||
| May 20, 2026 | Listed by THE AGENCY SARASOTA | $3,395,000 | |
| Listed by THE AGENCY SARASOTA | |||
| Nov 13, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017