74
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2059 Barracuda Avenue
About This Property
Every major system in the home has been replaced, including brand-new plumbing (PVC drains and CPVC supply), electrical, roof, A/C (with new ductwork), hurricane impact-rated windows and doors, and more. Beyond the mechanical upgrades, the home has been thoughtfully redesigned as a coastal retreat with an open floor plan that lives larger than its square footage suggests. Inside, you'll find a four-bedroom split floor plan with double ensuites, providing both privacy and functionality. The kitchen is a showstopper, featuring a spacious island with soft-close cabinetry on both sides, abundant storage, sparkling quartz countertops, brand-new appliances, and a modern Spanish-style backsplash. The elegant primary suite features a stackable laundry enclosure, a spa-like bathroom with double vanities, a glass-enclosed walk-in shower, and a shower bench. Throughout the home, abundant natural light enhances the space, with an oversized hurricane impact picture window illuminating the main living area. Step outside through the impact-rated sliders to an epoxy-coated covered patio and a fully fenced backyard, enormous space and a Mango tree. A new paver driveway wraps around the house, offering ample parking space for a small boat or RV. The 0.21-acre lot offers a blank slate to construct a large pool and detached garage, shown in attached 3D renderings created by a well-respected local architect.
Unbeatable location just a short walk to the river and the ocean, and top local spots including Gemini Elementary School, the Flutie Athletic Complex, Spessard Holland Beach Park and Golf Course. Plus, you're less than a mile from Ocean Avenue and Ryckman Park. Schedule your showing today!
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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 |
|---|---|---|---|
| Jun 20, 2025 | Sold | ||
| Sold | |||
| May 22, 2025 | Price Increased |
$615,000
↑ $15K
(2.5%) | |
| Price Increased | |||
| May 22, 2025 | In contract | - | |
| In contract | |||
| May 16, 2025 | Price Decreased |
$599,900
↓ $35K
(5.5%) | |
| Price Decreased | |||
| May 12, 2025 | Price Decreased |
$635,000
↓ $4K
(0.6%) | |
| Price Decreased | |||
Property Highlights
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About Riviera Estates
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$2,500 /mo
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- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017