3402 N Indian River Drive
About This Property
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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 |
|---|---|---|---|
| Sep 3, 2025 | Sold | ||
| Sold | |||
| Aug 5, 2025 | In contract | - | |
| In contract | |||
| Jul 28, 2025 | Listed by Atlantic Group Real Estate | $899,900 | |
| Listed by Atlantic Group Real Estate | |||
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3402 Indian River Drive, a beautifully updated riverfront home where you can view Rocket Launches, manatees, dolphins, and more directly from your front yard. Complete with access to the community boat ramp and dock. This home has been thoughtfully expanded and modernized for peace of mind and effortless coastal living.
Recent upgrades include a hurricane-rated roof (2021), impact windows and doors (2021), a home expansion (2021), and a fully resurfaced and screened pool (2020)—perfect for year-round enjoyment. Inside, you'll find a brand-new water heater (2024) and a new air conditioner and air handler (10/2024) for maximum comfort, along with a new pool pump (2025).
Step outside to enjoy deep water access directly from your front yard, ideal for boating and fishing, with quick access to the Intracoastal Waterway. Whether you're relaxing by the pool, launching a boat from your front yard, or exploring the community amenities, this property delivers the ultimate Florida lifestyl
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| Aug 12, 2016 | Sold | ||
| Sold | |||
| Feb 21, 2016 | Listed by Cornell Real Estate | $370,000 | |
| Listed by Cornell Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017