3755 N Indian River Drive
About This Property
Property includes separate, second building/pole barn construction with a finished upstairs. 1 bdrm/1bath, & full kitchen. Downstairs is currently used for storage. Great rental income potential.
2 new septic systems, spring fed pond/creek full of fish/turtles. Newer pool/spa/grotto & enclosure 2021. Newer fence. New hurricane shutters. Camper/RV covered area w/ hookup. Huge garage with power/water. New foundation upgrade by LRE.
350 ft dock with two levels, perfect for viewing launches. Power/water & 20'x40' boat slip. New 10,000 lb lift.
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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%.
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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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Mar 2, 2026 | In contract | - | |
| In contract | |||
| Feb 6, 2026 | Price Decreased |
$1,349,000
↓ $41K
(3%) | |
| Price Decreased | |||
| Dec 18, 2025 | Listed by Atlantic Group Real Estate | $1,390,000 | |
| Listed by Atlantic Group Real Estate | |||
| | |||
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Backups Accepted. A unique Waterfront compounds on 1.21 Acres on the Indian River! This property features a 1914 Key West style home and a 2009 Barn both completely renovated and a large metal garage. Perfect for an owner's home and rental or any configuration you desire! The main house has been completely restored with a complete re-pipe (PVC), metal roof, 2020 AC, 29k crawlspace SmartJack system for foundation, sump pump, restored windows and refinished original floors. Brand new kitchen and bathrooms in both properties includes Taj Mahal Quartz, high end cabinetry and brushed gold hardware. Two septics replaced in 2021. Barn has upstairs apartment and clubhouse downstairs for the pool. 2021 HEATED designer Pool/spa/grotto w/waterfall and fountains and 51k screen enclosure. Metal garage w/power/water in back of property along w/small fishing pond. Covered RV pad w/hookups. 350ft Dock w/power+water with two levels for NASA views and rocket launches. Newer 10k lb boat lift in 20x40 sli
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| Feb 3, 2025 | Sold | ||
| Sold | |||
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About Sharpes
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Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 1030229
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Address: 335 Madison Avenue, New York, NY 10017