788 Riviera Drive
About This Property
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Listed by William Raveis Real Estate | $8,995,000 | |
| Listed by William Raveis Real Estate | |||
| Aug 25, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 15, 2026 | Listed by William Raveis Real Estate | $9,475,000 | |
| Listed by William Raveis Real Estate | |||
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A true Gem in the heart of the Moorings. Timeless, elegant design, superior craftsmanship, and a light-filled southern exposure come together seamlessly in this stunning 5 bedroom plus den, new construction home – offering 6,130sqf. of exclusive living space at an exceptionally attractive price per square foot.
The residence is located on a desirable and expansive FEMA X500 lot on Riviera Drive with its gorgeous tree-lined canopy and was built by Dillman Construction, one of Naples’ premier luxury builders. It features an expansive two-story floor plan that offers exceptional living and entertaining opportunities on both downstairs and upstairs living areas along with beautiful outdoor patios and terraces on each level. The spacious primary suite is a relaxing haven, complete with a spa-inspired bathroom, while 2 further bedroom suites on the main level and two additional suites upstairs provide generous accommodations for family and guests.
The interior reflects refined luxury throughout, highlighted by extensive custom woodwork and wainscoting and Legno Bastone oak flooring that enhance the home’s elegance. The chef’s kitchen is outfitted with Sub-Zero and Wolf appliances and includes a concealed walk-in pantry with custom cabinetry perfect as a coffee/beverage bar. Other features include an elevator, whole-house generator, two linear fireplaces, a Lutron lighting system, and spacious garages with air-conditioned storage. Outdoors, the spectacular south facing grounds showcase a 40-foot lap pool with waterfall and spa, multiple fire features, and an expansive outdoor living area with linear fireplace and kitchen. An outdoor shower, and electric screens and shutters complete the experience. All of this is complemented by beautifully landscaped, private grounds that offer tranquil views from every room. Private beach access with parking is available through the Moorings Property Owners Association for a nominal fee.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017