588 River Road
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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.
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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 |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| Apr 4, 2026 | Listed by Real Broker LLC | $729,000 | |
| Listed by Real Broker LLC | |||
| Mar 28, 2023 | No longer available | - | |
| No longer available | |||
| Feb 8, 2023 | In contract | - | |
| In contract | |||
| Jan 21, 2023 | Listed by Coastal Realty Group | $725,000 | |
| Listed by Coastal Realty Group | |||
| | |||
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Gorgeous custom built home located on the Carrabelle River with over 200 feet of river frontage and a short ride to gulf access. 3 bdrm / 3.5 baths, custom dock with a floating platform, unobstructed views over the Carrabelle River and the Crooked River. There are hardwood floors, cedar walls, beautiful exposed pine and oak beams. The interior doors are custom yellow pine and you will find cherry and walnut trim throughout. The master suite is located on the first floor with two ensuite bedrooms located upstairs. and a bonus room that overlooks the river. This nine acre parcel offers plenty of privacy but is still convenient to downtown Carrabelle and only four miles to the beach. The manager has listed the unit size as 2661 square feet.
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Last Updated: 4 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1005343
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Address: 335 Madison Avenue, New York, NY 10017