405 RIDGECREST DRIVE
About This Property
Set in the sought-after waterfront community of Peace River Shores, this property is a dream basecamp for boaters who value fast, unobstructed access to the water. From your backyard dock, enjoy a short, efficient ride to the Peace River, Charlotte Harbor, and onward to the Gulf of Mexico-ideal for fishing runs, sunset cruises, and spontaneous days on the water.
The home offers a smart, split-bedroom layout with two bedrooms and two baths, creating privacy for owners and guests alike. A spacious main living area flows into an enclosed Florida room that overlooks the water, where daily views include native wildlife and passing boats. The kitchen and living spaces are designed for easy entertaining after a day on the water.
Outside is where this property truly shines for the boating lifestyle. In addition to the attached garage, the property features multiple outbuildings including a large, full-size shop-perfect for storing boats, trailers, RVs, fishing gear, and water toys. The private dock and boat lift accommodate up to a 24-foot vessel, making it easy to be on the water within minutes.
Peace of mind comes with key upgrades, including a roof replaced just 2 years ago, a water heater only 1 year old, and 9 NEW HURRICANE IMPACT WINDOWS COMING SOON for added storm protection, energy efficiency, and long-term value. The home is located in an X flood zone and was not impacted by recent hurricanes, adding another layer of confidence.
Peace River Shores is a non-deed-restricted community offering a neighborhood boat ramp and clubhouse, allowing flexibility rarely found in waterfront neighborhoods. Conveniently located near shopping, dining, and daily necessities, yet tucked away enough to preserve a private, laid-back coastal feel.
Whether you're an avid fisherman, cruiser, or waterfront enthusiast, this property delivers storage, access, and lifestyle-all with exceptionally quick time to open water.
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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 |
|---|---|---|---|
| Feb 5, 2026 | Listed by GRANT TEAM REAL ESTATE, LLC | $445,000 | |
| Listed by GRANT TEAM REAL ESTATE, LLC | |||
| Jun 4, 2025 | Listed | $480,000 | |
| Listed | |||
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This large two bedroom two bathroom updated home is located in the desirable community of Peace River Shores with private access to the Peace River, Charlotte Harbor, and the Gulf of Mexico. The home is located in an X Zone and was not affected by the hurricanes. The property offers two additional outbuildings as well as a full-size shop outside of the attached garage. Large shop is perfect for boats or recreational vehicles along with a private dock with boat lift that will hold 24' boat. The home boasts a spacious kitchen as well as large great room. The primary bedroom with en suite bathroom is separate from the guest room, offering plenty of privacy. There is an enclosed Florida room showcasing views of the waterfront and abundant wildlife. There is also an attached garage separate from the shop. A must see in a very desirable neighborhood. Peace River Shores is a non-deed restriction community featuring a neighborhood boat ramp and club house. A perfect location for fishermen, nature enthusiasts and boaters. The home is close to all amenities and still offers plenty of privacy.
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| Jul 11, 2018 | Sold | ||
| Sold | |||
| Apr 21, 2011 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017