2318 N Riverside Drive
About This Property
The gourmet kitchen is a chef's dream, showcasing one-of-a-kind custom wood cabinetry, stainless steel appliances, a large custom movable island and dramatic floor-to-ceiling windows that flood the space with natural light while framing spectacular views of the lanai and shimmering waterfront beyond. Whether preparing meals or entertaining guests, this stunning kitchen serves as the heart of the home. The recently updated primary bath is the perfect spa-like getaway with a large oversized shower and sumptuous cabinetry. And to top it off, there is a perfectly positioned dry bar (which can be removed) which adds to the entertaining capabilities.
One of the property's most unique features is the approximately 20' x 20' air-conditioned workshop, offering incredible versatility. Ideal for hobbies, woodworking, a home gym, studio, or climate-controlled storage, this flexible space has endless possibilities. The garage lintel is already in place, allowing the workshop to be converted back into an additional garage bay if desired. Alternatively, it could easily become a private in-law suite, guest quarters, or home office.
Perfectly located just minutes from the beach, top-rated schools, shopping, and dining, this exceptional waterfront property combines luxury, flexibility, and an unbeatable location. From launching your boat from your private dock to enjoying evenings by the pool as the sun sets over the water, this is a rare opportunity to own one of Indialantic's premier waterfront homes, where every day feels like a vacation.
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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%.
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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.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017