846 RIVERSIDE DRIVE
About This Property
walk-in closet, and oak hardwood floors. The primary suite, located on the ground level, offers serene views and direct access to the wraparound Saltillo-tiled veranda - an inviting space to enjoy morning coffee or an evening cordial at sunset. The en suite bathroom features Jacob Delafon fixtures, a jetted soaking tub, dual vanities, and a glass-enclosed shower with body sprayers and an eyebrow window. The primary closet offers built-in cabinetry and drawers to maximize storage, along with its own electrified garment carousel.
The main floor also includes a formal office with etched-glass French doors, a motif echoed in the primary suite entry and the glass balustrade ascending to the second story. Between the formal dining room and the spacious family room lies a bar area crowned by a domed ceiling, hand-painted with a blue sky and doves. Three sliding glass doors in the family room provide easy access to the rear gardens and wraparound veranda, where multiple al fresco seating areas are accented by sculptural art and elegant fountains.
The resort-style amenities continue with a sparkling in-ground pool and attached infinity-edge spa. The property extends gracefully to a private covered dock, completing the perfect setting for leisurely afternoons of fishing or sunbathing along the river.
The gourmet eat-in kitchen includes a large center island with prep sink, double wall ovens, dual four-burner gas cooktops, dishwasher, microwave, and a GE Monogram side-by-side refrigerator, ensuring both beauty and functionality. It is the ideal space for entertaining family and friends.
Rounding out the first floor is a spacious laundry area, a secondary bedroom with en suite bath, under-stair storage, access to the three-car garage with 13-foot ceilings, vented interlocking raised floor tiles, and a mirrored octagonal half-bath for guests.
Ascending the solid oak staircase, you'll find two additional bedrooms, each with access to the second-story balcony featuring concrete balustrades and breathtaking views of the backyard and Intracoastal coastline. This level also offers attic access, a laundry chute, and a 17' x 5.5' conditioned storage room.
Every detail of this home from the handcrafted finishes and exceptional millwork to the LED-lit stairs, decorative tray ceilings, and etched-glass elements reflects a commitment to quality and timeless sophistication.
This home is more than a residence-it is a statement of coastal grace and refined Florida living!
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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%.
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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.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017