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731 ELDORADO DRIVE
About This Property
3-bedroom, 2-bath home sits on 100 feet of frontage along the Eldorado Waterway, about 12 minutes by boat to open
Charlotte Harbor with no fixed bridges. The 3-year-old concrete dock has a covered boat lift and is ready for your
boat the day you close.
The house is 1,971 square feet under air with a 4-car oversized tandem garage (35x30) that includes a dedicated
workshop and pass-through doors front to back. Classic-car owners, hobbyists, and contractors will know exactly what
they're looking at. A standard two-car garage doesn't exist for this kind of buyer. This one does.
Inside: tray and coffered ceilings, crown molding, porcelain tile, and full hurricane shutters. The home sits at one
of the highest elevations in the area and has never had water intrusion, including through Hurricane Ian. Transferable
flood insurance is $1,401 per year, verifiable on the policy. That's a number worth comparing to anything else you're
touring on the water.
The community is Riviera Lagoons, a small no-HOA, no-CDD, no-deed-restriction enclave between Punta Gorda Isles and
Burnt Store. You can park a boat trailer, an RV, or a work truck without filing a request.
Schools: Sallie Jones Elementary, Punta Gorda Middle, Charlotte High.
Listed By
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Cap Rate Calculator
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 22, 2026 | Price Decreased |
$699,000
↓ $21K
(2.9%) | |
| Price Decreased | |||
| Jun 23, 2026 | Price Decreased |
$719,900
↓ $30K
(4%) | |
| Price Decreased | |||
| Apr 3, 2026 | Price Decreased |
$749,900
↓ $25K
(3.2%) | |
| Price Decreased | |||
| Mar 18, 2026 | Price Decreased |
$774,900
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Feb 11, 2026 | Listed by COMPASS FLORIDA LLC | $784,900 | |
| Listed by COMPASS FLORIDA LLC | |||
Property Highlights
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017