668 SW Riverwatch Place
About This Property
Inside, soaring ceilings and oversized wood-look tile flooring create a bright, airy atmosphere within the open-concept layout. The expansive great room flows seamlessly into the gourmet kitchen, featuring quartz countertops, double wall ovens, a sleek cooktop, and modern cabinetry. This space was designed for both the home chef and the entertainer.The owner's suite is a true retreat a coffered ceiling and a custom spa inspired bathroom featuring a luxurious soaking tub, oversized walk in shower, and beautifully crafted cabinetry. Every closet includes custom built-ins, and the third bedroom offers an en suite bathroom for added comfort. A whole-home water filtration system provides an additional touch of convenience and care. Step outside to the screen enclosed covered lanai, ideal for year round relaxation or entertaining in total privacy, with plenty of room to add a future pool and spa if desired. Located in the gated community of Banyan Bay, residents enjoy a low-maintenance lifestyle with lawn care, irrigation, quarterly pest control, and fertilization. Community amenities include St. Lucie River access with a fishing dock, kayak/paddleboard launch, rinse station, and gazebo. The clubhouse features a fitness center, heated pool, activity room, and catering kitchen perfect for gatherings or simply enjoying the Florida lifestyle.
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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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Feb 13, 2026 | Price Decreased |
$1,199,000
↓ $51K
(4.1%) | |
| Price Decreased | |||
| Nov 13, 2025 | Listed by The Agency Florida LLC | $1,250,000 | |
| Listed by The Agency Florida LLC | |||
| Mar 18, 2022 | Sold | ||
| Sold | |||
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About Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017