Lot 10 Mallet Road
About This Property
With no HOA restrictions, the property invites flexibility and freedom rarely found at this price point. The setting is quiet and unspoiled, yet remarkably convenient -- just a short drive to places along the white-sand shoreline and turquoise waters of the gulf, making beach days an easy part of your routine rather than a planned event.
Located in Flood Zone X, the lot provides added peace of mind while preserving the character of its wooded surroundings. Growth continues to shape the surrounding area, making this an appealing option for those looking to build now or secure land in a location poised for continued momentum.
Bring your plans, your vision, and your timeline; his is a place where it all has room to take shape.
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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 |
|---|---|---|---|
| Jul 2, 2026 | Price Decreased |
$110,000
↓ $5K
(4.4%) | |
| Price Decreased | |||
| Apr 21, 2026 | Listed by Scenic Sotheby's International Realty | $115,000 | |
| Listed by Scenic Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017