2403 Riverside Terrace
About This Property
The gourmet kitchen, complete with high-end appliances, a large marble-topped island, and a dedicated dining area, opens onto a covered patio bordered by lush perennial gardens. A welcoming sitting area adjacent to the kitchen leads to a waterfront patio ideal for alfresco dining, relaxing by the fire pit, or enjoying the hot tub. The main level also features an elegant dining room accented with exquisite murals, a formal living room with a wood-carved fireplace, and a cozy family room with a stone fireplace and expansive waterfront windows. A private bedroom and full bath on this level offer additional comfort.
Ascending to the second floor, the expansive waterfront primary suite boasts its own private staircase, a cozy fireplace, a lavish bath, spacious walk-in closets, and a balcony with spectacular river views. This level further includes a refined library with substantial bookshelves and an ensuite bedroom complete with a large, covered terrace. Convenient laundry facilities are provided on both the first and second floors. The third-floor guest suite is equally impressive, featuring a versatile sitting area or office, a full bath, a waterfront bedroom, and a private balcony. Set on nearly an acre of meticulously landscaped grounds complete with a grand driveway, well-maintained irrigation, and a three-car garage, Riverwatch offers an extraordinary blend of waterfront luxury and natural beauty.
Nestled in the peaceful riverside enclave of Manasquan Park in Wall Township, residents enjoy an exceptional lifestyle with nearby pickleball courts, biking and hiking trails, a boat launch, and abundant wildlife. The community hosts vibrant neighborhood events and gatherings, while charming coastal towns like Sea Girt, Spring Lake, and Manasquan, along with the Edgar Felix Bike Path and Allaire State Park, offer endless outdoor adventures.
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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 24, 2025 | Sold | ||
| Sold | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
| May 18, 2025 | Relisted | $3,295,000 | |
| Relisted | |||
| Apr 16, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Listed by RE/MAX Bay Point Realtors | $3,295,000 | |
| Listed by RE/MAX Bay Point Realtors | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017