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787 Oak Ridge 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 |
|---|---|---|---|
| Nov 19, 2025 | Sold | ||
| Sold | |||
| Oct 20, 2025 | In contract | - | |
| In contract | |||
| Sep 23, 2025 | Listed by Compass Florida, LLC | $2,795,000 | |
| Listed by Compass Florida, LLC | |||
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A waterfront masterpiece where luxury & lifestyle converge, this property commands 100 ft of direct river frontage with a private dock, covered slip, & 7,500 lb lift, setting the stage for endless days on the water. Inside, every detail reflects thoughtful renovation: tile floors & walls of sliders frame sweeping river views, while the dining niche adds architectural depth. The chef's kitchen showcases quartz counters, pot filler, Dacor double ovens, wine cooler, gas stove & premium appliances. A pool bath with shower, laundry suite with sink & cabinets, & a versatile guest room/office with outdoor access enhance livability. The first-floor primary suite offers wood floors, panoramic water views, dual custom closets, a freestanding tub, glass walk-in shower, & dual vanities. Wire railed stairs ascend to a loft with new balcony doors & Trex decking, leading to a second full primary suite & an additional office/gym. Outdoors, a 0.33-acre lot unfolds with a sparkling pool & spa surrounded by permeable pavers, firepit, outdoor shower, & summer-ready dock amenities. The finished 3-car garage boasts epoxy floors & attic storage, while a 2019 roof, impact protection, new AC, and new insulation ensure peace of mind. Chicago brick accents the home's front exterior, adding timeless character. Every element, indoors & out, has been crafted for an unrivaled waterfront lifestyle.
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| Dec 9, 2019 | Sold | ||
| Sold | |||
| Jan 23, 2019 | Listed by One Sotheby's International | $1,290,000 | |
| Listed by One Sotheby's International | |||
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About Shady Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017