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5202 RIVERSIDE DRIVE
About This Property
Originally built in 1920 from beautiful coquina stone, the main residence is filled with historic Old Florida character and craftsmanship, enhanced by custom Western and California redwood finishes throughout. The property offers incredible Intracoastal views along with direct boating access from a private boat lift. An impressive two-story dock spans approximately 900 square feet and extends nearly 100 feet into the water, providing an incredible setting for boating, fishing, entertaining, and enjoying panoramic river views.
The nearly one-acre, fully fenced property feels like a private Florida retreat. A spectacular 50-foot solar-heated swimming pool with a decorative bridge is surrounded by winding garden pathways, peaceful courtyards, mature landscaping, and multiple fruit trees. Two gated entrances and a wraparound driveway provide abundant space for boats, RVs, trailers, guests, and additional vehicles.
The property includes a 2-bedroom, 2-bath main residence along with three detached 1-bedroom, 1-bath guest cottages, creating tremendous flexibility for extended family, multigenerational living, private guest accommodations, home office or creative spaces, and potential income-producing uses subject to applicable zoning and approvals.
For investors and buyers searching for an Intracoastal waterfront property, riverfront investment opportunity, multi-generational estate, waterfront compound, property with guest cottages, or Florida home with a private dock and boat lift, this estate offers a truly unique combination of land, location, amenities, and versatility.
With approximately 158 feet of direct Intracoastal frontage, nearly one acre of land, multiple existing structures, resort-style outdoor amenities, private boating access, and potential for additional uses subject to governmental approval, the possibilities here are compelling. Buyers interested in rental, redevelopment, or additional dwelling opportunities should independently verify permitted uses and development potential with the appropriate governmental authorities.
Whether envisioned as a private waterfront retreat, multigenerational family compound, vacation property, or investment opportunity, 5202 Riverside Drive offers a level of character, flexibility, and waterfront lifestyle that is increasingly difficult to find. Schedule your private showing today and explore the possibilities of this extraordinary Port Orange Intracoastal 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.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017