308 Riverside Drive
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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 |
|---|---|---|---|
| Dec 31, 2024 | Sold | ||
| Sold | |||
| Nov 30, 2024 | In contract | - | |
| In contract | |||
| Aug 16, 2024 | Listed by The Corcoran Group | $1,725,000 | |
| Listed by The Corcoran Group | |||
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Welcome to ''Palm Beach Paradise'', an extraordinary waterfront estate and exceptional investment opportunity! Generating an incredible $346,000 in revenue over the past 12 months, 308 Riverside Dr also boasts an impressive 4.91 star rating! Complete with a private lakefront beach, heated pool, hot tub, tiki-hut, gameroom, sauna, movie theater, and six bedrooms, this home was masterfully designed to become the perfect vacation destination. Centrally located to the beaches, Palm Beach, West Palm Beach and Jupiter, this home has proven to be an ideal location for all types of travelers. Offered fully furnished and all future bookings will transfer with the sale. Reach out today!
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| Dec 20, 2022 | Sold | ||
| Sold | |||
| Aug 1, 2022 | Listed by RE/MAX Properties | $850,000 | |
| Listed by RE/MAX Properties | |||
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About Palm Beach Gardens Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017