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1736 Ocean 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%.
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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.
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 23, 2023 | No longer available | - | |
| No longer available | |||
| Aug 29, 2023 | Listed by Douglas Elliman Florida LLC | $19,995,000 | |
| Listed by Douglas Elliman Florida LLC | |||
| | |||
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OLD RIOMAR OCEANFRONT ESTATE. Situated in one of Vero's most premier locations on an accreting beach with pristine dunes and endless views of the Atlantic. This home has over 12,500 SF with roughly 8,500 SF of living space featuring 6 bedrooms, 8.5 baths, gym, 2,000+ SF garage, and resort-style pool. One mile to the heart of the central beach, boutique shops, and restaurants. The manager has listed the unit size as 8500 square feet.
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| Sep 1, 2021 | No longer available | - | |
| No longer available | |||
| Aug 31, 2021 | Price Increased |
$25,000,000
↑ $5M
(25%) | |
| Price Increased | |||
| May 20, 2021 | Listed by Keller Williams Realty of VB | $20,000,000 | |
| Listed by Keller Williams Realty of VB | |||
| | |||
|
OLD RIOMAR OCEANFRONT ESTATE. Situated in one of Vero’s most premier locations on an accreting beach with pristine dunes and endless views of the Atlantic. This home has over 12,500 SF with roughly 8,500 SF of living space featuring 6 bedrooms, 8.5 baths, gym, 2,000+ SF garage, and resort-style pool. One mile to the heart of the central beach, boutique shops, and restaurants.
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About Vero Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,800 /mo
- 2 Beds
- 2 Baths
- 1,000 ft²
$4,950 /mo
- 3 Beds
- 2 Baths
- 1,594 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017