5602 RIVA RIDGE DRIVE
About This Property
The highlight of the home is the private screened pool and spa, recently renovated to create a true outdoor retreat. The pool features elegant glass tile, premium pebble surfacing, updated lighting, and water features. The surrounding paver deck has been professionally cleaned, resanded, and sealed, providing a polished space to relax or entertain while enjoying serene water and golf course views. Pool equipment has been professionally refurbished and well maintained, offering peace of mind and worry-free enjoyment.
Inside, the home features a bright, open floor plan with generous living and gathering spaces. The kitchen flows seamlessly into the main living area, ideal for everyday living and entertaining. A dedicated home office provides flexibility for remote work or quiet study, while the spacious primary suite offers a private retreat.
At the rear of the home, a private guest suite with its own pool bath and separate entrance offers exceptional flexibility - ideal for extended family, visiting guests, or a quiet home office, while remaining fully integrated with the main living space. Upstairs, a large bonus room with its own bathroom adds even more versatility, perfect for a media room, playroom, or additional living area.
Significant updates enhance the home's move-in-ready appeal, including a newer roof (2020), HVAC system (2020), and luxury flooring (2021). Located in the desirable Lexington Oaks community, residents enjoy access to a clubhouse, community pool, fitness center, playgrounds, and walking trails - all with low HOA fees.
This home offers the perfect balance of indoor comfort, outdoor living, and thoughtful flexibility, making it an exceptional opportunity to enjoy Florida living at its best.
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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 3, 2026 | Sold | ||
| Sold | |||
| Feb 23, 2026 | In contract | - | |
| In contract | |||
| Nov 11, 2025 | Price Decreased |
$574,900
↓ $15K
(2.6%) | |
| Price Decreased | |||
| Oct 22, 2025 | Listed by POWER REAL ESTATE GROUP LLC | $589,999 | |
| Listed by POWER REAL ESTATE GROUP LLC | |||
| Aug 8, 2013 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017