This 4-bed, 5-bath, 4,285 sqft single-family home on Singer Island stands out in Riviera Beach’s luxury rental market. Comparable properties in this waterfront enclave command $15K–$30K/month for premium amenities, with outliers in the $40K–$65K range for ultra-high-end, seasonal, or furnished leases. With strong area demand and inventory up 18.5% for 4-bed homes, full-year gross revenue could range $180K–$360K+. Estimated payback period for the $2.95M price falls between 8–16 years, assuming stable occupancy and competitive pricing. Unique features—waterfront access, private dock, pool, spa, and high-end finishes—bolster premium rent potential, but flood and wind risk (insurance required) are notable challenges.
To maximize rental value, consider premium upgrades (smart home tech, luxury furnishings, dock enhancements) and market to high-earning professionals, boaters, or seasonal renters. If selling, highlight the turnkey waterfront lifestyle, exclusive water access, and low HOA fees. For investors, value-add opportunities include offering furnished, short-term, or corporate leases, and investing in flood mitigation or energy efficiency for lower long-term costs and broader tenant appeal.