3851 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%.
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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.
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 |
|---|---|---|---|
| Nov 29, 2024 | Sold | ||
| Sold | |||
| Oct 23, 2024 | In contract | - | |
| In contract | |||
| Sep 17, 2024 | Listed by Atlantic Group Real Estate | $1,499,000 | |
| Listed by Atlantic Group Real Estate | |||
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This lovingly maintained waterfront residence on the Intracoastal (Indian River) with expansive water views, a large waterside sitting dock and approx. 200' deep-water dock (4-5' depth) with observation deck, water & electric (pre-wired for boat lift) provides a front row seat to rocket launches and the VAB and ample room for several boats. The home has exquisite touches including high-end cabinetry, high-end stainless appliances including a Thermador gas range & hood, soft-close drawers and dual kitchen pantries. The home has gas fireplaces in the family room and between the primary bedroom and bath. An attached guest suite or in-law apartment above the 4 car garage offers 2 additional bedrooms and private bath. A large fish pond, fruit tree orchard, dockside waterfall and beautiful landscaping along the lengthy paver drive complete the package. The pool with jetted tub has a newly screened/restored enclosure, poolside bath, and the home has a new roof, fresh paint and 2 new ACs.
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| Oct 22, 2014 | Sold | ||
| Sold | |||
| Feb 16, 2013 | Listed by Cornell Real Estate | $600,000 | |
| Listed by Cornell Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017