49 River Drive
About This Property
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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 |
|---|---|---|---|
| Dec 10, 2024 | Sold | ||
| Sold | |||
| Nov 20, 2024 | In contract | - | |
| In contract | |||
| Jun 10, 2024 | Listed by The Corcoran Group | $3,195,000 | |
| Listed by The Corcoran Group | |||
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Exciting opportunity awaits you in Ocean Ridge, where you can live on the water in style at a fantastic value for today's market. Introducing 49 River Drive, an original Henry Harding Home that has been recently updated with 4 luxurious Bedrooms on a generous .3 acre lot. This stunning property boasts a new kitchen, top-of-the-line appliances, modern bathroom fixtures, and a fresh coat of paint throughout. Step outside to enjoy the expansive outdoors with a 40-foot dock, a 2 car garage, and beach access just moments away - with no fixed bridges in sight. Located in the charming coastal town of Ocean Ridge, this hidden gem is nestled between Palm Beach and Boca Raton, offering a peaceful retreat for its 1500 full-time residents. Discover the beauty of deeded beach access just steps away,
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| Apr 2, 2023 | No longer available | - | |
| No longer available | |||
| Sep 28, 2022 | Listed by Jack Keller Inc., REALTORS | $4,250,000 | |
| Listed by Jack Keller Inc., REALTORS | |||
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Extremely rare opportunity to own a very private waterfront home with easy access to the Intercoastal and only minutes from the Boynton Inlet & Atlantic Ocean. This is an open concept, spacious home with views of the canal, Spanish River & Intercoastal Featuring 4 bedrooms, 3 full and updated bathrooms, new kitchen, a two-car garage and an expansive pool and patio. Owners may also enjoy membership to the private McCormick Mile beach house with private parking, beach accessories and breathtaking views of the Atlantic Ocean.If you enjoy the outdoors including walking, jogging, tennis, swimming and biking this community is perfect with endless sidewalks & bike lanes along the scenic A1A and quick & easy access to public beaches. The manager has listed the unit size as 1938 square feet.
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About Mc Cormick Mile
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Currently no similar homes aroundNearby Rentals
$10,000 /mo
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$3,500 /mo
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- 2 Baths
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The Corcoran Group
Last Updated: 7 months ago
Data Source: Beaches MLS, MLS# R10995052
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Address: 335 Madison Avenue, New York, NY 10017