146 River Rise Way
About This Property
The kitchen is a masterpiece of elegance, boasting upgraded cabinetry with 18-inch lighted upper cabinets, while the living area features a cozy fireplace. Step outside to discover a custom heated pool and spa, surrounded by high-end, low-temperature decking, and an outdoor kitchen equipped with a grill, sink, and fridge-perfect for entertaining. All Lake Series homesites on the water are sold out. The expansive lanai, complete with retractable privacy screens, extends your living space, creating a seamless indoor-outdoor experience.
Throughout the home, upgraded flooring and a high-efficiency HVAC system enhance comfort and style, while custom plantation shutters and curtains provide timeless charm. The thoughtful layout includes a secondary bedroom with its own private bath, and a laundry room equipped with a sink and additional cabinetry.
NatureWalk is the only gated community within Watersound Origins and the amenities are exclusive for NatureWalk residents only while also having access to all of the Origins amenities. This means residents have access to a vibrant resort-style community center featuring a large pool, hot tub, fire pit, bar area with TV, pickleball and tennis courts, and a state-of-the-art fitness center. Residents also enjoy unlimited golf, kayaking on Lake Powell, and events on the Origins event lawn. Situated at the east end of the iconic 30A corridor, just minutes from the Gulf's pristine beaches and the upscale dining and shopping of Alys and Rosemary Beach, this home combines coastal convenience with serene beauty, making it an unparalleled retreat.
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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 28, 2025 | Sold | ||
| Sold | |||
| Apr 27, 2025 | Price Decreased |
$1,349,990
↓ $50K
(3.6%) | |
| Price Decreased | |||
| Nov 26, 2024 | Listed by Berkshire Hathaway HomeServices | $1,400,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017