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325 Estuary Drive
About This Property
Commanding 475± feet of river frontage on both the north and south sides, this site is a sanctuary with panoramic water views and wildlife-rich estuarial landscapes. Prelim architectural plans available for a luxury residence.
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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 |
|---|---|---|---|
| Oct 14, 2025 | Listed by Luke D Webb Real Estate Inc | $3,850,000 | |
| Listed by Luke D Webb Real Estate Inc | |||
| Jul 17, 2020 | No longer available | - | |
| No longer available | |||
| Mar 9, 2020 | Relisted | $1,580,000 | |
| Relisted | |||
| Mar 7, 2020 | No longer available | - | |
| No longer available | |||
| Jan 15, 2020 | Listed | $1,580,000 | |
| Listed | |||
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Spectacular riverfront lot w/over 1 acre of land + 431 FT of frontage on a natural canal. Entire property is surrounded by 400+ acres of permanently retired land. North side offers 400+ ft of river frontage & the south side incl a beautiful coquina shell wall. Preliminary home plans available. Sited in a lovely gated community and just minutes to town. Sizes approx./subj. to error.
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About Indian River Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017