1863 Rockledge Drive
About This Property
Luxury Waterfront Living with Commercial Investment Potential
Introducing an exceptional, newly constructed Coastal-style Intracoastal estate, completed in 2026 and ready for immediate occupancy. Situated on 1.63 acres of high-elevation property with BU-2 commercial zoning, this remarkable estate offers a rare combination of luxury waterfront living, executive retreat potential, and versatile investment opportunities.
Offering 3,500 square feet of living space and 5,534 total square feet, this thoughtfully designed residence features 3 bedrooms, 4.5 bathrooms, a private office, and a flexible multi-purpose suite complete with kitchenette and full bath.
The open-concept design showcases refined coastal finishes, exceptional craftsmanship, and modern functionality. The chef-inspired kitchen features light shaker cabinetry, quartz countertops, an oversized island with seating for six, a 42-inch Thermador refrigerator, wine refrigerator, and Thermador induction cooktop.
A discreetly designed butler's pantry provides additional convenience with a second sink, dishwasher, and oven. Additional interior highlights include a stylish coffee and beverage bar, gas linear fireplace, and thoughtfully curated designer details throughout.
The outdoor living experience is equally impressive. Enjoy a screened porch with a fully equipped summer kitchen, a beautiful saltwater swimming pool, outdoor shower, and newly constructed coquina seawall.
Whether envisioned as a luxurious primary residence, executive retreat, or unique mixed-use investment opportunity, this exceptional new-construction estate delivers coastal elegance, flexibility, and modern waterfront living.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 laminate 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. 400 Amp service . 1,63 Acre lot can be split into residential and BU 2 commercial( about .63 acre facing US 1) . Currently one large parcel stretching from Highway US 1 to
Rockledge Dr with 100 feet of Intracoastal waterfront access. Deep water about 6 FT perfect for larger boats . Fully fenced in back yard on 1 acre portion with 2 automatic gates . Fruit trees . Virtually staged furnishing , dock , boat , some landscape . Design consultation included in sale .
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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.
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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 |
|---|---|---|---|
| Nov 3, 2026 | Listed by Cornell Real Estate | $2,920,000 | |
| 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