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2225 Royal Oaks Drive
About This Property
Situated on nearly 1/2 acre lot off of SCENIC Rockledge Dr. which includes a private beach, community dock & fishing pier on the Indian River. First floor boasts a spacious family room with COZY fireplace, FULL Bathroom, a separate dining area & HOME office with WARM wood flooring throughout! For the chef, a GOURMET custom kitchen featuring quartz countertops, stainless appliances, & breakfast area. New Sliders lead out to covered porch and backyard oasis with fire pit & privacy perfect for entertaining. Upstairs you will be greeted by a luxurious master suite with private BALCONY, Fireplace, His/Her walk in closets, upgraded Bathroom & so much more! Roof 2018, New paint 2019, sliders and landscaping 2020. Plenty of space for a new family, check out the side entry 3 car garage. A great location close to shopping, dining and the beaches.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 30, 2025 | Sold | ||
| Sold | |||
| Sep 20, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Price Decreased |
$649,900
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Aug 27, 2025 | Price Decreased |
$659,900
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Aug 21, 2025 | Price Decreased |
$664,900
↓ $5K
(0.8%) | |
| Price Decreased | |||
Property Highlights
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About River Wood Estates
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$3,250 /mo
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- 2,032 ft²
$2,975 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017