55
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175 RIVIERE ROAD
About This Property
This beautifully cared-for 3-bedroom, 2-bathroom home showcases pride of ownership throughout. Inside, you'll find thoughtful updates, including newer A/C ducts, a Ring security system, extra ceiling insulation for enhanced energy efficiency, plantation shutters, and a tankless water heater. Both bathrooms have been tastefully renovated with elegant porcelain tile and spacious walk-in showers, while the primary suite features a luxury Toto bidet for added comfort.
The property's outdoor features are equally impressive, with well water supplying the underground sprinkler system servicing the front and side yards-helping maintain lush landscaping efficiently and economically.
The true showstopper is the massive 1200 sq ft, 30' x 40' Air-Conditioned workshop/garage/toy storage building with a half bath. Built for versatility and functionality, this incredible space includes:
Its own bathroom with tankless water heater
Double garage doors
Separate 200-amp electrical service
Side-entry access
Additional ceiling insulation
Oversized Big Ass Fan
Six Big Ass LED high-output lights
Exterior water connection
Whether you need space for vehicles, boats, RVs, hobbies, business equipment, or a dream workshop, this one-of-a-kind structure delivers endless possibilities.
Enjoy the rare opportunity to own a move-in-ready home with substantial land, modern upgrades, and a truly exceptional detached workshop-all in a highly desirable Palm Harbor location close to top-rated schools, parks, shopping, dining, and Gulf beaches. Stone bench, 4 stone bird baths, and Stained-glass light shade in guest room do not convey.
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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.
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About Palm Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017