1208 E River Drive #401
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 22, 2026 | Listed by Engel & Voelkers New Smyrna | $749,000 | |
| Listed by Engel & Voelkers New Smyrna | |||
| |||
|
Boater's Dream! Tremendous views & first-class waterfront lifestyle in Downtown Melbourne steps away from dining, shopping & entertainment. 3 minutes to beach & airport. Next to the Melbourne Yacht Club. Home boasts Intracoastal & Marina Views w/ TWO DEEDED BOAT SLIPS! Use One, rent the other or rent both. Only complex offering boat slips w/ ownership, a huge VALUE for boaters! Completely remodeled, light-filled floor plan w/ gorgeous modern kitchen & wood-burning stone fireplace. Oversized primary suite w/ luxe bath, ensuite laundry & private slider to expansive terrace. Includes private 1-car garage, open parking, 2 terraces + storage unit. Captain's Cove is gated,10 unit, nautically inspired architectural masterpiece, set on a weather protected Harbour. New Roof, A/C, & Elevator. Unit require no add'l investment. It doesn't get any better than this. Call Garat or Amy May for an exclusive showing today! Flexible Purchase Opportunity | Seller Financing Available. Ask for details.
| |||
| Sep 25, 2025 | Price Decreased |
$754,900
↓ $15K
(2%) | |
| Price Decreased | |||
| Sep 18, 2025 | No longer available | - | |
| No longer available | |||
| Aug 15, 2025 | Listed by RE/MAX Aerospace Realty, Inc | $769,900 | |
| Listed by RE/MAX Aerospace Realty, Inc | |||
| | |||
|
Welcome to Captain's Cove, an exclusive gated waterfront community WITH 2 deeded Boat Slips! This rarely available, recently remodeled 3-bedroom home offers stunning views of the marina and picturesque causeway. The open floor plan is bathed in natural light, with breathtaking water views throughout. A blend of bamboo flooring and tile, paired with a freshly painted interior, creates a warm, elegant atmosphere. Spacious primary suite with an ensuite offers versatility, perfect for a sitting area or home office. A well-appointed kitchen with a plenty of countertop space. This is a "MUST SEE".
| |||
| Jul 18, 2025 | Price Decreased |
$769,900
↓ $15K
(1.9%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/15/2025
|
3 Bed
|
2 Bath
|
1898 ft²
|
$769,900
3 Bed
2 Bath
1898 ft²
|
-
-
|
BARBARA ZAPOTOCKY
RE/MAX AEROSPACE REALTY
| |
|
06/19/2023
|
2 Bed
|
2 Bath
|
1668 ft²
|
$699,000
2 Bed
2 Bath
1668 ft²
|
$607,000
-13.16%
01/08/2024
|
Kristen Romandetti
KELLER WILLIAMS RLTY,BREVARD
| |
|
06/03/2022
|
2 Bed
|
2 Bath
|
1668 ft²
|
$599,000
2 Bed
2 Bath
1668 ft²
|
$580,000
-3.17%
03/13/2023
|
Susanne Vaughn
David Curri Real Estate Group
| |
|
05/09/2022
|
3 Bed
|
2 Bath
|
1898 ft²
|
$725,000
3 Bed
2 Bath
1898 ft²
|
$725,000
06/03/2022
|
Cassandra Hartford
Curri Kirschner R.E. Group LLC
| |
|
10/09/2021
|
3 Bed
|
2 Bath
|
1898 ft²
|
$465,000
3 Bed
2 Bath
1898 ft²
|
$470,000
+1.08%
11/17/2021
|
Ellie Chan
RE/MAX Solutions
| |
|
07/13/2021
|
2 Bed
|
2 Bath
|
1668 ft²
|
$449,000
2 Bed
2 Bath
1668 ft²
|
$439,000
-2.23%
11/12/2021
|
Carolyn Schumann
Carnu Realty LLC
| |
|
02/04/2021
|
2 Bed
|
2 Bath
|
1668 ft²
|
$470,000
2 Bed
2 Bath
1668 ft²
|
$450,000
-4.26%
08/02/2021
|
Grayling Oates
Engel & Voelkers Melb Downtown
| |
|
12/09/2020
|
3 Bed
|
2 Bath
|
1900 ft²
|
$639,000
3 Bed
2 Bath
1900 ft²
|
$600,000
-6.10%
03/08/2021
|
Grayling Oates
Engel & Voelkers Melb Downtown
| |
|
05/05/2020
|
3 Bed
|
2 Bath
|
1898 ft²
|
$479,000
3 Bed
2 Bath
1898 ft²
|
$477,500
-0.31%
05/27/2020
|
Pamela Vanderveer
Vanderveer Properties
| |
|
08/27/2019
|
3 Bed
|
2 Bath
|
2170 ft²
|
$548,999
3 Bed
2 Bath
2170 ft²
|
$533,000
-2.91%
08/18/2020
|
Grayling Garat Oates
Engel & Voelkers Melb Downtown
| |
|
07/11/2019
|
2 Bed
|
2 Bath
|
1778 ft²
|
$449,900
2 Bed
2 Bath
1778 ft²
|
$355,714
-20.93%
04/01/2020
|
Grayling Oates
Engel & Voelkers Melb Downtown
| |
|
11/16/2017
|
2 Bed
|
2 Bath
|
1668 ft²
|
$349,500
2 Bed
2 Bath
1668 ft²
|
$315,000
-9.87%
02/09/2018
|
Grayling Oates
Engel & Voelkers New Smyrna
| |
|
04/01/2015
|
3 Bed
|
2 Bath
|
1898 ft²
|
$325,000
3 Bed
2 Bath
1898 ft²
|
$315,000
-3.08%
05/29/2015
|
John Lucas
Engel & Voelkers Melb Downtown
| |
|
03/11/2015
|
2 Bed
|
2 Bath
|
1668 ft²
|
$295,000
2 Bed
2 Bath
1668 ft²
|
$282,000
-4.41%
08/05/2015
|
John Lucas
Engel & Voelkers Melb Downtown
| |
|
01/21/2014
|
3 Bed
|
2 Bath
|
1898 ft²
|
$329,000
3 Bed
2 Bath
1898 ft²
|
$315,000
-4.26%
05/06/2014
|
Wiley Elliott
Indian River Realty
| |
|
01/17/2014
|
3 Bed
|
2 Bath
|
1898 ft²
|
$350,000
3 Bed
2 Bath
1898 ft²
|
$325,000
-7.14%
04/11/2014
|
Rusty Melle
ITG REALTY
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017