6161 RIVERSIDE DRIVE
About This Property
This custom build provides an abundance of storage and amenities. The extra-large kitchen features custom wood cabinets, a center island with a baker's bar, a walk-in pantry, a built-in sideboard for table service and cutlery, and a wet bar w/ icemaker. An adjacent laundry room holds an extra freezer and utility sink. The master suite has 2 walk-in closets and a private entrance. Additionally, there are 3 separate AC zones, Central Vacuum, and Recessed and Accent Lighting throughout. The screened-in lanai features sunshades, an outdoor built-in kitchen with a gas grill, dual gas burners, and a sink. It overlooks the sizable well-manicured lawn, mature landscaping with an expandable museum-quality landscape lighting system, and the huge Koi Pond with Gazebo, Dock, and Fountain, which as a bonus, supplies the water for the 15 irrigation zones for watering the lawn and landscaping.
What makes this property truly unique and special is the 2400 sq ft garage/showroom/workshop attached, accessible through the garage. One side (44' x 40') is being used as a showroom capable of holding 8-10 vehicles; the other (16' x 40') is a workshop with a hydraulic vehicle lift and compressed air system for tools.
This property shows pride of ownership. The condition, space, amenities, land, and location make it an exceptional Florida home. View the attached 3D tour and call for your in-person showing today.
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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 |
|---|---|---|---|
| May 1, 2025 | Sold | ||
| Sold | |||
| Nov 13, 2024 | In contract | - | |
| In contract | |||
| Nov 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 1, 2024 | Relisted | $795,000 | |
| Relisted | |||
| Jun 1, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017