1503 Rockledge Drive
About This Property
Properties like this don't come along often--and when they do, they don't last.
Welcome to a 1910 historic riverfront home on 1.5 acres in Rockledge with direct frontage on the Indian River and a private dock--a combination that is nearly impossible to find anymore.
This 4-bedroom, 2.5-bath home is not for everyone. It needs updating. It needs vision. It needs someone who understands what this could become.
But for the right buyer?
This is the kind of property people talk about years later:
''We almost bought that one on the river...''
Massive lot. Historic character. Irreplaceable location.
You can renovate the home... but you can't recreate this land, this setting, or this history.
Serious buyers know--when something this unique hits the market, hesitation is expensive.
See it before someone else claims it.
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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 |
|---|---|---|---|
| Apr 10, 2026 | Listed by Buyers & Sellers Advg. Realty | $1,400,000 | |
| Listed by Buyers & Sellers Advg. Realty | |||
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About Rockledge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017