531 RIVIERA DRIVE
About This Property
Recent updates include a new roof (2021), newer Trane heater and central air system, and a newer hot water heater.
The home features a large cathedral-ceiling living room and a warm, open floor plan with an upgraded kitchen, bar seating, eat-in dining area, and a family room with a gas fireplace. The spacious main bedroom includes the 10-foot extension, a private en-suite bath, and a dedicated laundry room.
Additional highlights include a two-car attached garage, ample storage, and walk-out access to a beautiful EP Henry patio - perfect for relaxing evenings outdoors.
Life at Holiday City extends well beyond your front door. Residents enjoy amenities including a pool, tennis courts, shuffleboard, and an active clubhouse offering social events and activities. This home offers a rare combination of size, comfort, and flexible living space - making it one of the most distinctive properties currently available in the community.
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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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Mar 14, 2026 | In contract | - | |
| In contract | |||
| Mar 1, 2026 | Listed by RE/MAX Community-Williamstown | $429,900 | |
| Listed by RE/MAX Community-Williamstown | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017