8319 SE Rivers Edge Street
About This Property
A detached, three bedroom, two bath Guest house over a 5 car air conditioned garage, makes this a unique space for a car collector, storage, and/or catering events. Plus an additional maintenance garage and 2-car garage at the main house, totaling 8 covered spaces. Over 3,000 plants were brought in to enhance the well maintained landscape with 115 feet of river frontage. There is a boat dock with covered boat lift up to 16K lbs and also a launch pad for kayaks and paddle boards. The smaller fork of the Loxahatchee River bordering the lot connects directly out to the Jupiter Inlet. White marble surrounds the heated pool and spa. A summer kitchen and retractable awning maximize the outdoor space. Located in Martin County, so the tax base is lower, yet still part of the town of Jupiter. In addition, there is no homeowners association. From the moment you pull up to the gates, you will be smitten by the grandeur of Riverdance. Don't miss out on this remarkable opportunity to own a small slice of heaven.
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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 |
|---|---|---|---|
| Dec 29, 2023 | Sold | ||
| Sold | |||
| Oct 10, 2023 | Listed by Douglas Elliman (Jupiter) | $7,495,000 | |
| Listed by Douglas Elliman (Jupiter) | |||
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This masterpiece has been meticulously overhauled by a renowned local designer and constructed to maximize space and river views by the best builders. Completed in January 2023, this fully furnished estate includes a 4 bed/6 bath main house, a 3bed/2.5 bath guest house, pool with outdoor kitchen, ocean access, 8 garage spaces, elevator, and designer selected finishes throughout. The gated compound is comprised of 2.5 acres of open, landscaped area; the options are endless with this yard to add a professional golf green, full tennis and/or basketball court, or possibly a giant play area.
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| Jan 14, 2023 | No longer available | - | |
| No longer available | |||
| Jan 11, 2023 | Listed by Douglas Elliman Jupiter | $11,700,000 | |
| Listed by Douglas Elliman Jupiter | |||
| Mar 15, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017