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1316 S Riverside Drive
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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 |
|---|---|---|---|
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Dec 9, 2024 | In contract | - | |
| In contract | |||
| Nov 29, 2024 | Listed by One Sotheby's International | $2,750,000 | |
| Listed by One Sotheby's International | |||
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Welcome to 1316 S. Riverside Drive, a stunning riverfront estate in Indialantic, FL. This meticulously renovated 4-bedroom, 4-bathroom home offers 3,723 sq. ft. of luxurious living space on a sprawling .64-acre lot. The property features a new standing seam aluminum roof, impact-rated aluminum windows and sliders, and a private dock with updated pilings. Inside, no detail was spared with Cambria quartz countertops, De Chateau European oak flooring, Thermador appliances, and custom wood cabinetry.
The master suite is stunning with lots of natural light, and a private balcony to enjoy the sunset. Enjoy the amazing river views from the travertine-paved back porch or the upstairs Timbertech hickory colored deck. Mechanical upgrades include new Trane AC systems, a buried 500-gallon propane tank, water heater, new duct work, and more. This home takes waterfront living to new heights!—don't miss the chance to own a piece of paradise!
Come and see for yourself!
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| Apr 23, 2021 | Sold | ||
| Sold | |||
| Jan 5, 2021 | Listed by Dale Sorensen Real Estate Inc. | $1,485,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017