1890 NW River Trail
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%.
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 |
|---|---|---|---|
| Jan 11, 2026 | Listed | $5,995,000 | |
| Listed | |||
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Set on more than 1.2 acres along a breathtaking stretch of riverfront in North River Shores, this exceptional home captures the essence of coastal Florida living. Designed for effortless entertaining and serene everyday living, the property offers sweeping sunset views, expansive outdoor spaces & a seamless connection to the water.
A private 16 ft boat dock with 24k boat lift & dual jet ski lifts with no fixed bridges makes this home a boater’s dream, while the resort-style pool, tennis court (which easily could be converted to pickleball) & generous patios create the perfect backdrop for gatherings with family & friends. Mature landscaping & generous lot size provide a rare sense of privacy & tranquility not easily found in South Florida.
Adding to the property’s appeal is a beautifully appointed guest cottage, ideal for extended stays, visitors, au pair or multi-generational living. This is a rare opportunity to own a refined riverfront estate where elegant entertaining, stunning sunsets & effortless access to the Atlantic Ocean come together in one of Florida’s most desirable coastal communities.
Additional features: impact glass windows & doors, architectural shingle with spray foam insulation, buried propane tank runs: stove in main kitchen, summer kitchen grill, 2 hot water heaters in main home & pool heater (new in 2023 Hayward heater), outside decking is Brazilian Hardwood, office with floor to ceiling built-ins.
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| Jul 22, 2024 | No longer available | - | |
| No longer available | |||
| Jun 13, 2024 | Price Decreased |
$5,850,000
↓ $150K
(2.5%) | |
| Price Decreased | |||
| Mar 21, 2024 | Listed | $6,000,000 | |
| Listed | |||
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Welcome to PARADISE in North River Shores! This magnificent riverfront property is located on a "Point Lot" with deep water protected dockage situated on over 1.2 Acres! If you're an entertainer or someone who loves to spend time outside, this home was meant for you! There is an endless number of patios & balconies where you can spend your time enjoying the tranquil river view & lush vegetation. This custom-built home offers 4bed/3.5bath (5004sqft) with 3 car garage & guest home with 1bed/1bath plus kitchen & living room (890sqft). The home features impact glass windows & doors, spray foam insulation, new dock with 24k lb boat lift, 10k lb wave runner lift, tennis court, summer kitchen, wood floors, generator hookup, buried propane tank & many more custom/decorator finishes throughout.
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| Mar 19, 2021 | Sold | ||
| Sold | |||
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About North River Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017