18797 SE River Ridge Road
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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 |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Jun 2, 2024 | Listed by Florida Living Realty | $3,195,000 | |
| Listed by Florida Living Realty | |||
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Enjoy the Coastal Lifestyle in this completely remodeled, turnkey CBS WATERFRONT home on North Fork Loxahatchee River, 4 miles to Jupiter Inlet w/1 fixed bridge. 126' water frontage, upgraded Dock 2 lifts-24k & 2.5k, electric/water. River views throughout from Great Room w/fireplace, Kitchen, Office, Dining Room, & Main Suite. UPDATED Kitchen features gas cooktop, Bosch wall oven, spacious pantry, bar seating & casual dining. Main Suite w/access to lanai, dual closets/sinks, custom cabinetry & large walk-in custom shower. Addl features: impact windows/doors/skylights (except front door), roof 2013, 2 A/C's 2018, ceramic tile throughout, WH generator, & leased 500-gal propane tank for cooktop/generator. Community's amenities: manned gate, clubhouse w/pickle ball/tennis court & play area. Enjoy the Coastal Lifestyle in the desirable River Ridge gated community. You'll feel right at home in this beautiful, completely remodeled CBS WATERFRONT home located on the North Fork Loxahatchee River only 4 miles to the Jupiter Inlet with one fixed bridge (approx. 14 ft clearance). 126' of water frontage, upgraded Dock two lifts-24k and 2.5k, electric and water. Enjoy wide water views from the pool, hot tub, and outdoor kitchen ideal for entertaining. River views throughout from the Great Room with fireplace, Kitchen, Office, Dining Room, and Main Suite. Kitchen features gas cooktop, Bosch wall oven, spacious pantry, bar seating and casual dining. Main Suite with access to lanai, dual closets & vanities, custom cabinetry, and large walk-in custom shower. This home has all the upgrades, relax, and enjoy. Additional features include impact windows/doors/skylights (except mahogany front door), roof 2013, 2 A/C's 2018, ceramic tile throughout, whole home generator, leased 500-gal propane tank to support cooktop and generator. Community's amenities include manned gate, clubhouse with pickle ball/tennis court and play area. Martin County Schools & Taxes.
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| Mar 15, 2012 | Sold | ||
| Sold | |||
| Dec 22, 2011 | Listed by Florida Living Realty | $899,000 | |
| Listed by Florida Living Realty | |||
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About Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017