85 Rivo Alto Canal
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2025 | Listed by Pacific Sotheby's Int'l Realty | $3,695,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
| Apr 25, 2025 | Price Decreased |
$3,799,000
↓ $196K
(4.9%) | |
| Price Decreased | |||
| Nov 6, 2024 | Listed | $3,995,000 | |
| Listed | |||
| | |||
|
Previously listed while under construction.
***The construction is finally completed with possible owner financing available. Also a special $100,000 price reduction will be considered for those who lost their home in the Los Angeles regional fires***
This newly remodeled waterfront home, including a new roof, is set on canal’s highly desired sunny side – affording captivating sunset views – enjoys the benefits of the idyllic Naples area, just two blocks from 2nd Street, where some of the region’s sought-after dining, entertainment, and shopping is located. One of just a few homes in the enclave offering the convenience of an elevator. Enter the residence through dual doors to an open living, dining, and kitchen space. A selection of thoughtful details and amenities include: a water-view gourmet kitchen with light hardwood cabinetry, quartz counters, designer details, high-end stainless steel appliances, a walk-in pantry, and a center island and breakfast bar; casual dining and family room segments with incredible views; a formal dining room with alcove lit ceiling and temperature-controlled wine storage; electric window coverings; and entertainment components. The second level includes a resort-style primary suite with a wardrobe room, a spa-like bath with a quartz dual vanity, an oversized shower, a free-standing soaking tub – all with spectacular canal views; and a secondary primary suite equipped with two wardrobe rooms, a retreat, a custom granite fireplace and raised hearth, and a luxuriously remodeled bath with an oversized walk-in seated shower, and a dual natural hardwood vanity. Crowning the property – a private rooftop deck with a fire feature; an expansive waterfront terrace and sun deck with stone finishing and a fire feature - ideal for entertaining. This optimally located property with its private boat dock allows for easy paddling or powering to waterfront dining, beaches, or canal cruising, along with favorable proximity to local resources, dining, shopping, and services. On premise electric car/Tesla charging station in the 2 car garage.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Aug 18, 2020 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017