70 River Rise Way
About This Property
The open-concept layout is centered around a bright and expansive living, dining, and kitchen area--ideal for both entertaining and everyday living. The upgraded kitchen features custom cabinetry, a farmhouse sink, waterfall island, and premium Cafe appliances including a wall oven, microwave, and 5-burner gas cooktop.
The split-bedroom floor plan provides privacy, with secondary bedrooms positioned on opposite sides of the home. The primary suite includes dual vanities, a rainfall shower, and a custom-built closet system.
Seamless indoor-outdoor living is achieved through 5-panel folding glass doors that open to a large screened lanai with a full outdoor kitchen, dining, and lounge space. The backyard overlooks a scenic pond and features a private pool and spa, remote-controlled firepit seating area, and professionally designed landscaping with turf and paver pathways.
Additional highlights include a Savant integrated sound and lighting system controlled via app, custom lighting, ample linen storage throughout, and an upgraded laundry room with cabinetry and hanging space.
Located within NatureWalk--Watersound Origins' only gated community--residents enjoy access to a resort-style amenities center with pool, fitness facility, tennis and pickleball courts, golf privileges, kayaking on Lake Powell, and a full calendar of community events.
A well-rounded property offering space, privacy, and lifestyle appeal in one of the area's most sought-after communities.
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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 |
|---|---|---|---|
| Jun 17, 2026 | Sold | ||
| Sold | |||
| May 25, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Listed by Watersound Real Estate | $1,220,000 | |
| Listed by Watersound Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017