5540 Osprey Drive
About This Property
Osprey Drive, Ocean Ridge, Florida. One of the Gold Coast's best-kept secrets, Ocean Ridge is prized for its tranquility, relaxed ambiance, and unspoiled barrier island beauty nestled between the Atlantic Ocean and Intracoastal Waterway.
Property
Only a block from the ocean, this contemporary beach house is secluded in a beautiful tropical oasis with lush landscaping and privacy fencing. Entered through a gated courtyard, the residence opens westward to the outdoor entertainment area where an airy screened lanai wraps around the sun-splashed pool patio. A charming garden fountain is perched above the stone wall.
Residence
Themed with a casually elegant seaside feel, this tastefully renovated residence offers a comfortable floor-plan totaling 4,883A± square feet with open living areas, four bedrooms, three and-a half baths, impact-glass windows, and a two-bay garage that has an additional room to use as a workshop or storage. Entered from the sunlit glass-walled foyer, the bright open living room is set off by Saturnia marble floors, a floor-to-ceiling stone fireplace, vaulted cedar ceilings, and window walls flowing to the poolside lanai. In the open dining area, a breakfast bar separates the gourmet kitchen equipped with granite counters, a walk-in pantry, and stainless steel appliances including KitchenAid double ovens, a Miele dishwasher, and Jenn-Air range. Glass doors in the open family room also lead to the lanai. In a private front-to-back wing, the spacious master suite opens to its own sitting area on the lanai. Two walk-in closets accompany the suite's luxurious marble-and-granite bath featuring a jetted tub, walk-in shower, and glass doors to a serene walled garden. Also leading to the lanai, another bedroom has an en-suite bath that doubles as the cabana bath. Upstairs, off the balcony hall, two bedrooms are served by a connecting bath.
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 |
|---|---|---|---|
| Dec 15, 2025 | Sold | ||
| Sold | |||
| Nov 30, 2025 | In contract | - | |
| In contract | |||
| Oct 2, 2025 | Listed by Douglas Elliman | $3,375,000 | |
| Listed by Douglas Elliman | |||
| |||
|
Exuding coastal sophistication, this lushly landscaped four-bedroom estate in prestigious Ocean Ridge combines modern elegance with timeless design. Dramatic vaulted ceilings, polished Saturnia floors, and a striking stone-mantel fireplace highlight the open living spaces, while walls of glass invite natural light and garden views. The expansive yard, surrounded by tropical landscaping with recent upgrades, creates a private oasis. Just three blocks from the beach, this storm-secure home features hurricane-impact windows and a generator, epitomizing refined coastal living.
| |||
| Jun 16, 2024 | No longer available | - | |
| No longer available | |||
| Oct 17, 2023 | Listed by Premier Estate Properties | $3,650,000 | |
| Listed by Premier Estate Properties | |||
| | |||
|
Lushly landscaped beach-area four-bedroom estate in prestigious Ocean Ridge is beautifully detailed with a modern vibe, a touch of Zen, and a sense of drama. Attractive details include dramatic soaring vaulted ceilings, polished Saturnia flooring, and a fireplace with a stone mantel. The lush tropical landscaping is enhanced by many new features, and this neighborhood has easy beach access. The manager has listed the unit size as 3462 square feet.
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Tropical Shores
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
- 2 Beds
- 2 Baths
- 2,476 ft²
$10,000 /mo
- 2 Beds
- 2 Baths
- 1,127 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017