1604 Rio Vista TERRACE
About This Property
The Islands, a beautiful boating community, encompasses 3 special neighborhood all in a private/gated (manned 24/7) area located on the Manatee River leading to the Gulf of Mexico. This particular site (Lot 39) is in sought-after Rio Vista Estates. Imagine a 1-acre lot with 180 degree water views and your boat docked directly behind your home. Fish off your dock, kayak, paddle board, jet ski or take your special someone for an intimate boat ride directly toward the sunset West to the Gulf. Many dock & dine establishments along the river.
Rio Vista will have only 64 homes and requires homes located on the river to be at least 3,800sf. Choose from one of our builders or have your own pre-approved.
NO CDD fees HERE as found in other communities around Lakewood Ranch.
*Property tax amount entered was estimated based on others nearby on the river.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 15, 2024 | Sold | ||
| Sold | |||
| Oct 13, 2023 | In contract | - | |
| In contract | |||
| Jul 13, 2023 | Listed by THE ISLANDS REALTY GROUP | $900,000 | |
| Listed by THE ISLANDS REALTY GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017