1825 Rockledge Drive
About This Property
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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 |
|---|---|---|---|
| Sep 18, 2025 | Sold | ||
| Sold | |||
| Aug 21, 2025 | In contract | - | |
| In contract | |||
| Jul 17, 2025 | Price Increased |
$2,800,000
↑ $3M
(2,799,900%) | |
| Price Increased | |||
| May 14, 2025 | Listed by Denovo Realty | $2,999,000 | |
| Listed by Denovo Realty | |||
| | |||
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Here on the historic Rockledge Drive sits a rare blend of elegance, comfort and functionality on the Indian River. This newer custom home offers 3BD|2BA in the main residence, plus a fully furnished 1BD|1BA in the upstairs apartment which is ideal as a private in-law suite or guest retreat. The open layout is framed by river views from every room and the kitchen is built to perfection with top of the line appliances and a walk-in butlers pantry with wood butcher block countertops! The oversized kitchen island was thoughtfully designed with top of the line quartz and a built in wine cooler. A cozy gas fireplace anchors the living area, surrounded by custom built-ins for that nice cozy feel. Relax or entertain in the parlor room with a glass of bourbon & your favorite book while enjoying the stunning river views. As you enter into the spacious primary suite which features a luxurious private Himalayan salt sauna, two custom walk in closets, spacious ensuite bathroom with an extra large shower with seating! You will also step into a large and a thoughtfully designed laundry room with a built-in dog wash area for your fur baby! As you head out back you'll be greeted by a brand new heated pool & spa. Additional highlights include all hurricane impact-rated windows, a 3-car garage with fresh epoxy floors, new metal roof, detached air-conditioned office and a fully equipped workshop.Outside, enjoy a private dock with boat slip, lift and new coquina sea wall perfect for launching into riverfront living!
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| Jun 12, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017