1188 Beach Drive
About This Property
This centrally located 2-bedroom + spacious den (optional 3rd bedroom) and 2-bath home offers a versatile floor plan designed for both relaxing and entertaining. The inviting den features a cozy fireplace and skylight, making it the perfect bonus room, office, or guest space.
The beautifully remodeled kitchen is truly the heart of the home, featuring a large island, pantry, breakfast nook, and modern finishes ideal for everyday living and gatherings with family and friends.
The spacious primary suite offers a spa-like bathroom with dual sinks, a relaxing garden tub, and separate walk-in shower. The guest bath also features a skylight, bringing in an abundance of natural light. Additional highlights include a formal dining room and indoor laundry room for added convenience.
Step outside into your private fully enclosed backyard oasis, thoughtfully designed for entertaining and enjoying peaceful desert evenings. Outdoor amenities include:
• Covered patio
• Built-in gas & charcoal BBQ island
• Gas fire pit
• Three gas tiki torches
• Spacious entertaining areas
Additional upgrades include:
• New flooring
• Dual plantation shutters
• Fresh interior & exterior paint
• Bluetooth surround sound
• Kinetico water softener system
• Reverse osmosis system
• New A/C unit
• New garage roof
• New garage door opener
Rio Buena Vista residents enjoy exclusive community amenities including private beaches with golf cart parking, scenic river walk paths, basketball and volleyball courts, community pool, and spa.
Perfect as a full-time residence or river retreat, this home offers the ideal balance of lifestyle, comfort, and convenience just moments from the water.
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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 |
|---|---|---|---|
| Aug 4, 2026 | Price Decreased |
$429,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| May 8, 2026 | Price Decreased |
$439,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Feb 16, 2026 | Listed by Preferred Home Brokers | $449,000 | |
| Listed by Preferred Home Brokers | |||
| Dec 10, 2025 | Price Decreased |
$449,000
↓ $11K
(2.4%) | |
| Price Decreased | |||
| Sep 6, 2025 | Price Decreased |
$460,000
↓ $15K
(3.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017