18420 SE Heritage Drive
About This Property
Upon arrival, a Chicago brick driveway and walkway lead to a grand two-story foyer, where the home's elegant charm is immediately evident. The formal living and dining rooms capture stunning river views, complemented by French doors opening to a private side patio and fountain. A first-floor den/office offers additional privacy, featuring French door access to the front patio. The two-story family room, with its inviting fireplace and open loft above, creates a warm and welcoming atmosphere with breathtaking views of the river.
Some of the recent renovations include gourmet custom kitchen with an island, custom white cabinetry, soft-close features, mitered 6cm quartz countertops, a stylish tile backsplash, farmhouse sink, and stainless steel appliances. Newer stained wood flooring extends throughout, adding to the home's warmth and sophistication. Additional recent renovations include a newly updated dock with electric & water connections, a 12K lb boat lift, and a new boat canopy, ensuring an effortless boating experience.
The spacious master suite serves as a private retreat, offering a cozy sitting area, dual walk-in closets, and a spa-inspired bath with dual vanities and a luxurious double shower featuring a rainfall showerhead. A first-floor guest suite, mudroom, and a finished laundry room add both convenience and functionality to this exceptional residence.
The outdoor living space is nothing short of a private waterfront oasis. A new travertine marble patio surrounds a resort-style saltwater pool with a newer heater, complemented by an outdoor shower, a screened-in porch, and a whole-home generator with a buried propane tank.
For boating enthusiasts, this property is a dream, featuring a private dock with full electric & water hookups, a boat lift, and direct access to some of Florida's best fishing, snorkeling, and boating destinations.
Located within Heritage Oaks, residents enjoy the beauty of oak-lined streets, a world-class tennis facility, and an inviting clubhouse, creating a secluded yet conveniently located community. Situated in sought-after Tequesta, this home is just minutes from top-rated schools, fine dining, world-class shopping, and pristine beaches. Don't miss this rare opportunity to own a true riverfront paradise! Schedule your private showing today!
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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 |
|---|---|---|---|
| Jun 18, 2025 | Sold | ||
| Sold | |||
| May 25, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Price Decreased |
$3,850,000
↓ $145K
(3.6%) | |
| Price Decreased | |||
| Feb 27, 2025 | Listed by Illustrated Properties LLC (Jupiter) | $3,995,000 | |
| Listed by Illustrated Properties LLC (Jupiter) | |||
| Jun 9, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017