429 Rio Lane
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 20, 2026 | Sold | ||
| Sold | |||
| Jul 2, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Price Decreased |
$729,000
↓ $20K
(2.7%) | |
| Price Decreased | |||
| May 1, 2026 | Listed by Compass Florida, LLC | $749,000 | |
| Listed by Compass Florida, LLC | |||
| |||
|
SPECIAL FINANCING AVAILABLE! Ask about the lender-paid 1% rate reduction for the first year--see Public Documents for details. Located in Indialantic's highly sought-after neighborhood, this updated pool home is nestled between the river and the beach on a cul-de-sac. Newly remodeled, this coastal retreat offers easy access to everything that makes the area so desirable. Features include impact windows (2017), roof (2019), hurricane-rated garage door (2022), fully remodeled primary and guest baths, and new HVAC and air ducts (2026). The kitchen showcases quartz countertops, a new smart dishwasher, and sparkling pool views. Porcelain wood-look tile runs throughout, blending durability with a clean, modern feel. Outside, enjoy a resurfaced pool and new pavers (2022), spacious lanai, fenced backyard, and gated concrete pad ideal for boat or RV parking. No HOA means added flexibility, just moments from the beach, river, and all that Indialantic has to offer see buydown lender offer in documents
| |||
| May 12, 2022 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Rio Mar
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,300 /mo
- 1 Bed
- 1 Bath
- 580 ft²
$2,450 /mo
- 2 Beds
- 2 Baths
- 1,480 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017