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2705 N Indian River Drive
About This Property
One of the standout features is the semi-detached MIL/Guest House w/ 2 bedrooms, 1 full bath, and a full kitchen. Whether you need space for extended family, frequent visitors, a home office, or a private retreat, this separate living area offers endless possibilities.
For boaters, the nearby Carleton Terrace Park Association boat launch provides convenient access to the Indian River. From there, enjoy a day on the water, cruise to waterfront restaurants, stop at Harbor Town Marina for fuel, or head through the Canaveral Locks for access to the Atlantic Ocean.
The main home features 4 bedrooms and 3.5 baths w/ beautiful views of the Indian River from many of the living areas. The spacious kitchen is equipped with stainless steel appliances and opens to the main living spaces, making it ideal for everyday living and entertaining.
Outside, you'll find a wraparound balcony and elevated viewing deck where you can enjoy river breezes, stunning sunrises, and some of the best rocket launch views on the Space Coast.
Additional features include a basement that works well as a game room, workshop, exercise space, or extra storage, plus an oversized 4-car garage with plenty of room for vehicles, boats, and all your toys.
If you've been looking for a waterfront home with a true guest house and easy boating access, this property deserves a closer look!
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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 |
|---|---|---|---|
| Aug 11, 2026 | Price Decreased |
$899,000
↓ $46K
(4.9%) | |
| Price Decreased | |||
| Jul 7, 2026 | Price Decreased |
$945,000
↓ $50K
(5%) | |
| Price Decreased | |||
| May 28, 2026 | Listed by Blue Marlin Real Estate | $995,000 | |
| Listed by Blue Marlin Real Estate | |||
| Feb 28, 2022 | Sold | ||
| Sold | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017