5705 Highway 1
About This 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%.
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 24, 2025 | Sold | ||
| Sold | |||
| Mar 29, 2025 | In contract | - | |
| In contract | |||
| Mar 26, 2025 | Listed by Coldwell Banker Residential | $1,800,000 | |
| Listed by Coldwell Banker Residential | |||
| | |||
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Enjoy the ultimate Florida retreat on this secluded 3.5 acre property situated directly on the Indian River. With 325 feet of direct Intracoastal frontage and an additional 575 feet of water frontage that includes a private safe harbor, this property is a nautical dream. Additionally, the home boasts 5-bedrooms with the primary on the first floor. On the upper level, two bedrooms feature en-suite bathrooms and all bedrooms have water views. The main level features a large living room, a breakfast nook, entertainer's kitchen and a massive laundry room. Rounding out the home's features are a dock, boat ramp, jet ski dock, spacious two car garage and an inground pool. The whole home has been freshly painted and is awaiting the new owners' personal touches!
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| Apr 12, 2023 | Sold | ||
| Sold | |||
| Jan 12, 2022 | Listed by Cornell Real Estate | $2,100,000 | |
| Listed by Cornell Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017