245 LIDO DRIVE
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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.
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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 |
|---|---|---|---|
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Mar 13, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Price Decreased |
$1,790,000
↓ $100K
(5.3%) | |
| Price Decreased | |||
| Nov 7, 2025 | Listed by COMPASS FLORIDA | $1,890,000 | |
| Listed by COMPASS FLORIDA | |||
| Jun 30, 2025 | Listed | $1,995,000 | |
| Listed | |||
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BRAND NEW WATERFRONT MASTERPIECE BY TOWLES CONSTRUCTION W/SAIL ACCESS + 90FT OF SEAWALL + DESIGNER INTERIOR: This just-completed luxury residence by Tim Towles offers 3 beds/3 baths plus a den & delivers an exceptional blend of bold architecture and refined finishes. Set on a wide lot with 90 feet of sailboat-access canal frontage and a 70’ x 10’ dock by Keesling Construction with water/electric hook-ups dockside, the property offers quick access north or south to the harbor in minutes. Western exposure guarantees stunning sunset views from the lanai and pool every evening. Inside, an expansive great room with dramatic ceiling details and large-format porcelain tile flows seamlessly into a showstopping kitchen—featuring a massive center island w/gorgeous Taj Mahal quartzite counters, European-inspired cabinetry, a pot filler, wine cooler, under-cabinet lighting, and premium Signature Series appliances including an induction range, 48" French door refrigerator & double wall oven w/convection & steam. The main living/entertainment area is quite large due to the bigger than average lot size. Kitchen. laundry & baths all offer quartz counters & custom, floating vanities. The owner’s suite is a private sanctuary offering canal views, lanai access, and two, fully built-out walk-in closets. The spa-worthy bath boasts a freestanding soaking tub, frameless glass shower with dual rainfall heads, designer tile extending to the ceiling, and sleek floating vanity w/two sinks. Laundry room connects to the master suite & has tons of extra storage cabinets, stacked full-size washer & dryer plus hidden pull out drying racks. Split bedroom layout boasts two generously sized guest suites that are tucked away for privacy, each featuring upscale finishes and dedicated bath access. The outdoor living space is anchored by an in-ground, heated pool with sun shelf and spillover spa, surrounded by a travertine tile deck and complemented by a full summer kitchen with grill, beverage center, and sink—all under a richly stained tongue-and-groove wood ceiling. Pool features a Pentair IntelliCenter indoor, digital, control panel. Lanai extends to the full width of the home w/a picture-frame pool cage ensuring an unobstructed canal view. An outdoor shower on the lanai allows you to rinse off after a long day on the boat. Other amenities include an attached, three-car garage w/painted floor, complete hurricane protection w/impact-rated windows & doors, brick paver circular driveway, backyard brick paver patio & walkway to dock plus professionally-designed landscaping that surrounds the home. Sophistication, clean architectural lines, and modern elegance converge in this truly exceptional new construction home. Be the first to call it home and start living your Florida dream today. By appointment only.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017