53
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5925 Riverside Drive
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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 |
|---|---|---|---|
| Sep 15, 2026 | Price Decreased |
$724,900
↓ $25K
(3.3%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by Denovo Realty | $749,900 | |
| Listed by Denovo Realty | |||
| Dec 29, 2024 | Listed | $799,900 | |
| Listed | |||
| | |||
|
This home is getting a NEW LOOK with a complete REMODEL of the Primary Bathroom! Your Retreat Awaits! Welcome to your dream home, a stunning 2-story, 4-bedroom retreat that perfectly blends modern elegance with outdoor serenity. This meticulously updated property offers a lifestyle of comfort, convenience, and natural beauty.
As you step inside, you're greeted by a spacious living area featuring a cozy wood-burning fireplace and luxurious vinyl flooring that flows seamlessly throughout the home. The completely remodeled kitchen is a chef's paradise, boasting quartz countertops, soft-close cabinets, a gas cooktop, and sleek stainless steel appliances. Whether you're preparing meals or entertaining guests, this kitchen is sure to impress.
The home's three bathrooms have been fully updated, offering spa-like finishes and modern amenities. Upstairs, the primary bedroom is a private oasis, with access to a second-floor deck featuring power sunshades and plantation slider shutters. Step outside and take in the serene views, or unwind in the backyard, where a screened dark-bottom pool with a cascading waterfall and hot tub awaits.
With front and back screened porches, a fenced yard, skylights, and a 6-zone sprinkler system, this property is designed for both relaxation and practicality. Additional features include two water heaters, two A/C units, and a deep well with an aerator to ensure efficiency and comfort year-round.
Nestled in a quaint 5-block subdivision, this home offers unparalleled access to nature and community amenities. Enjoy the nearby ocean and river parks, fishing docks, boat racks, and playgrounds. Explore the Maritime Hammock and Indian River Preserve, part of the Archie Carr National Wildlife Refuge, just steps from your doorstep.
This home isn't just a place to liveit's a lifestyle. Don't miss your chance to own this exceptional property in a location that offers both tranquility and adventure. Schedule your showing today!
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| Aug 19, 2020 | Sold | ||
| Sold | |||
| Mar 9, 2020 | Listed by Denovo Realty | $445,000 | |
| Listed by Denovo Realty | |||
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About Melbourne Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017