875 N Indian River Drive
About This Property
Nearly every inch of the main home has been renovated, restored, repaired, or upgraded, preserving beautiful 1930s craftsmanship while introducing high-end contemporary comfort.
The entire screened pool deck has new paver tile throughout and the pool has been resurfaced. The grand 10' x 30' foyer sets the tone, highlighted by an Austrian crystal chandelier and anchored by newly refinished original hardwood floors.
An expansive living room (holiday seating for 20+) and a dining room capable of hosting 16+ provide rare scale for gatherings. Fireplaces in both the living room and primary suite add warmth and charm.
The remodeled kitchen features quartz countertops, island cooktop, built-in oven and microwave, and connects to a stunning butler's pantry/serving room complete with secondary oven, sink, beverage refrigerator, and extensive quartz counters ideal for entertaining.
The luxurious primary suite, located on the second floor, includes a beautifully remodeled bath with claw-foot tub, huge walk-in shower, dual vanities, and a private balcony for sunrise views over the river.
Additional features include:
Family/play room with original slate floors
Upstairs laundry with cedar walls/ceiling and built-ins
Basement ideal for wine cellar or cigar room
New coastal triple-pane impact windows (2023)
New Shingle Roofs in 2019
Original working elevator with modernized controller
Foam-insulated attic with stair access
Newer HVAC systems in Main House (2021 - two units, 10 tons)
Solar power system (11.2 kW, approx. $250/mo savings)
Recirculating hot water system, 80-gal tank, and touch-activated faucets
Guest House - 1,500+ Sq Ft
Perfect for multigenerational living, guests, or rental income, the remodeled guest house includes:
2 spacious bedrooms & 1.5 baths
Full kitchen, living room with nook area (Apt Kitchen needs some remodeling)
Updated first-floor family/mancave room with new LVP flooring
Full laundry room with sink
New garage cabinets & epoxy flooring
Newer HVAC systems (2021 - two units, 3.5 tons)
Tankless hot water heater (2021)
Solar attic vent
Exceptional Outdoor Living
Designed for true Florida enjoyment, the outdoor spaces are beautifully upgraded:
Large screened pool & patio with new enclosure screen
Remodeled pool bath
Fireplace area ready for outdoor cooking
Summer kitchen ready with plumbing & electric in place
Covered seating with 5 ceiling fans
Estate-Level Grounds, Infrastructure & Improvements
The property includes extensive structural, mechanical, and aesthetic updates:
New Hardie cement-board siding, new gutters & downspouts
New ceramic & stone front porch
New paver driveway, landscaping, retaining walls & lighting
New multi-zone reclaimed-water irrigation
New electrical panels (400A main house, 200A guest) with separate meters
New PVC plumbing, cast iron & copper replaced in main house
Termite bonds on all buildings
New covered breezeway connecting both homes
Gardening/equipment shed (250 sq ft, epoxy floor, new electric)
Attached Oversized 2-car garage with Lots of Storage Space
Grand front Overhang/Carport & abundant parking
Property is on city water, two septic systems, high-speed internet, and includes negotiable furnishings
A Rare Offering on the Space Coast
Properties of this scale, condition, and historic significance are extraordinarily rare. With over 1.6 acres, 250+ feet of prime river frontage, and comprehensive renovations from top to bottom, this estate offers timeless elegance, stunning views, modern efficiency, and a level of craftsmanship that simply cannot be replicated today.
This is Indian River Drive living at its finest where historic character meets luxury, privacy, and panoramic waterfront beauty.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 14, 2026 | Price Decreased |
$1,995,000
↓ $200K
(9.1%) | |
| Price Decreased | |||
| May 8, 2026 | Price Decreased |
$2,195,000
↓ $205K
(8.5%) | |
| Price Decreased | |||
| Dec 9, 2025 | Listed by EXP Realty, LLC | $2,400,000 | |
| Listed by EXP Realty, LLC | |||
| Jun 27, 2017 | Sold | ||
| Sold | |||
| Dec 13, 2016 | Listed by EXP Realty, LLC | $874,000 | |
| Listed by EXP Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017