500 S Riverside Drive
About This Property
Outdoor oasis boasts heated infinity pool & spa, summer kitchen, pool bath & outdoor shower. Enjoy spontaneous boat or jet ski rides from your private dock with 3 lifts.
Location is unsurpassed as all of the area's finest dining, markets & beaches are within walking distance. Schedule a private showing today!
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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%.
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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Aug 11, 2025 | In contract | - | |
| In contract | |||
| Aug 8, 2025 | Listed by RE/MAX Alternative Realty | $2,500,000 | |
| Listed by RE/MAX Alternative Realty | |||
| Feb 19, 2016 | Sold | ||
| Sold | |||
| Jan 5, 2015 | Listed by Salt Water Realty of Brevard | $1,565,000 | |
| Listed by Salt Water Realty of Brevard | |||
| | |||
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Elegant executive residence in a perfectly situated location directly on Indian River.
Paver driveway leads to a grand entrance. Luxurious open plan. Chef's island kitchen with
custom cabinetry, granite countertops, full wet bar, and Butler's pantry. Spacious master suite with an
impressive bath and his and hers walk in closets opens onto pool.
Media room with wet bar. Four car garage with an enclosed workshop.
Back yard features covered veranda, an exquisite infinity pool seemingly extending into the river,
pavers, full Summer kitchen and mature landscaping,
Private covered boat lift on the Indian River provides the view of spectacular sunsets.
Property is in Indialantic, adjacent to Melbourne Beach.
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About Indialantic by The Sea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017