40
Map
5875 Riverside Drive
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%.
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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.
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 |
|---|---|---|---|
| Aug 20, 2026 | In contract | - | |
| In contract | |||
| Aug 11, 2026 | Listed by Premier Properties Real Estate | $599,000 | |
| Listed by Premier Properties Real Estate | |||
| Sep 13, 2025 | Price Decreased |
$699,900
↓ $20K
(2.8%) | |
| Price Decreased | |||
| Aug 7, 2025 | Price Decreased |
$720,000
↓ $25K
(3.4%) | |
| Price Decreased | |||
| Jun 25, 2025 | Listed | $745,000 | |
| Listed | |||
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Fall in love with this sprawling, three story key west style home that has endless square footage and a pretty river view. As you enter into the living room you will notice the wood floors and high vaulted ceiling with large living area plus dining room. Enter the spacious kitchen with center island, stainless steel appliances and quaint breakfast nook. The views from the many windows display the lush landscape and let an abundance of natural light flow in. On the top level is primary retreat with large walk in closet and private balcony that has river view. 1st floor guest suite w/ 1 bedroom plus bath, wet bar, family room w/ slider leading to spacious covered lanai and huge backyard with room for pool. Big 2 garage w/ tall ceilings for extra storage. Enjoy direct ocean access w/ covered pavilion/picnic table + staircase to the sandy beach. Walk to community river park that offers fishing on community pier and watching sunsets with kayak storage offered and a playground to play.
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About Melbourne Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017