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103 Aqua Ra Drive
About This Property
Boaters will love direct ocean access with no fixed bridges, while beach lovers can simply walk across the street to the beach. Private beach access is available, offering the rare combination of boating from your backyard and the beach just steps from your front door. HOA includes lawn cutting and sprinkler water. Boating, beach days, and waterfront sunsets-the best of Florida island 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%.
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 20, 2026 | Listed by The Keyes Company - Jensen Beach | $1,649,999 | |
| Listed by The Keyes Company - Jensen Beach | |||
| Jan 12, 2024 | Sold | ||
| Sold | |||
| Nov 8, 2023 | No longer available | - | |
| No longer available | |||
| Oct 29, 2023 | Listed by The Keyes Company - Jensen Beach | $985,000 | |
| Listed by The Keyes Company - Jensen Beach | |||
| Mar 24, 2011 | Sold | ||
| Sold | |||
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About South Hutchinson Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017