1863 Rockledge Drive
About This Property
Brand-new custom Coastal Style Intracoastal estate on 1.63 high-elevation acres with BU-2 commercial zoning--ideal as a luxury residence, executive retreat, or mixed-use investment. Designed for modern waterfront living, this 3,471 sq ft home (5,534 total) blends elegance, craftsmanship, and versatility.
The open-concept plan features 3 bedrooms, 4.5 baths, private office, and a multi-function suite with kitchenette and full bath. The chef's kitchen offers light shaker cabinetry, Therrmador 42 inch refrigerator, wine refrigerator , Thermador induction cooktop, quartz countertops, and a large island with seating for six. A hidden butler's pantry adds a second sink, dishwasher, oven. Enjoy a liquor/coffee bar, gas linear fireplace, and designer coastal finishes throughout.
Outdoor living includes a screened porch with full summer kitchen, saltwater pool, outdoor shower, and new coquina seawall. Whole house generator/ whole house water filter and softener system /2 tankless gas water heaters /Thermador appliances / Ruvatti work station sinks kitchen and pantry .Universal car charging circuit . Attic fully insulated under AC ,lights and attic elevator . Luxury vinyl plank flooring in entire home / designer closet system in all closets.Mesh wifi system and security cameras. Oversized 3 car garage with high ceilings and high door opening .Plantation shutters on all windows / sliders . Roll down shade over sliders in the kitchen . .Automatic gate openers to both gates. .Certificate of occupancy received .
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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 |
|---|---|---|---|
| Aug 21, 2026 | Relisted | $2,920,000 | |
| Relisted | |||
| Aug 18, 2026 | Price Increased |
$2,920,000
↑ $170K
(6.2%) | |
| Price Increased | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Listed by Cornell Real Estate | $2,750,000 | |
| Listed by Cornell Real Estate | |||
| Jul 13, 2006 | Sold | ||
| Sold | |||
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About Rockledge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017