Virtually Staged. ~ Rivers Ridge, NW Bradenton ~ Arrive through a
tropical palm tree lined entrance bordered by two lakes into an
enclave of 36 beautiful custom homes. This location is unbelievable
where a 5 minute stroll lands you at the DeSoto National Memorial
Park and the Manatee River waterway. You can head in the opposite
direction two miles away to Robinsons Preserve, a 682 acre park,
where you'll find scenic trails, bicycle paths, kayaking and an
abundance of natural wildlife. Geraldsons Family Farm, the
Botanical Gardens, Blenker's Marina and Bradenton's beautiful
beaches are all also close by. This areas most treasured natural
attractions surround you and are yours to enjoy. This luxurious
home lives large with 3273 s.f. that includes 3 bedrooms, 3
bathrooms, and a Study/Bonus Room that has been sound-proofed. The
Primary Bedroom, 16' x 24', is very generously sized. Rich
solid wood flooring in the main living areas, volume ceilings,
transom windows and crown molding are additional features. The
kitchen overlooking the private backyard and caged swimming pool
includes a spacious center island for food prep, a Breakfast Nook
surrounded by aquarium windows and plenty of cabinetry for your
storage needs. The Family Room has great ambiance and offers
surround sound, arched Palladian style windows and a marble
fireplace. Two guest suites with higher 10' ceilings have been
insulated and sound proofed. Your indoor Laundry Room is huge
with a skylight, storage cabinetry, built in desk, bookshelves,
laundry sink and broom closet. Another added feature is the 2
car side-entry garage adding to the exterior elevation appeal that
includes a built-in workbench and pull down attic access. Escape
outdoors to your newly screened swimming pool perfectly situated in
a very private backyard surrounded by mature landscape with plenty
of room to entertain large crowds. Extras include an 8' x 8' spa, spillover waterfall, outdoor shower, tiled outdoor kitchen,
stainless steel gas grill and a mini-refrigerator.
Improvements include a new 2025 roof, 2019 and 2020 A/C
systems with UV technology, a freshly painted 2026 exterior,
central vacuum system and a 250 gallon underground propane
tank supplying the outdoor grill and indoor gas fireplace. The
in-ground well with an irrigation system, representing a $15K+
value, will also be a nice recurring savings on your watering bill.
Flood insurance is not required with this higher 21+ ft.
elevation. This gracious residence offers you the Florida
Gulf Coast lifestyle!
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.
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