108 Addison DRIVE
About This Property
BEACH LOT on the Peace River! This oversized lot offers an exceptional opportunity to build your dream luxury retreat with breathtaking, unobstructed views of Charlotte Harbor. Enjoy your own private beach and expansive water frontage, perfect for indulging in stunning sunrises over the harbor.
SOLD AS-IS- IN HABITABLE STRUCTURE IN PLACE - REBUILD / REPAIR/ TEAR DOWN - DIRECT BEACH ACCESS AND PEACE AND BEAUTY BREATHTAKING SUNSETS AND SUNRISES A MUST SEE !
Endless potential to create a custom waterfront oasis.
Don't miss this rare opportunity to own a piece of paradise with direct access to the harbor! Damaged structure in place could be torn down or re built , SOLD AS IS AS SEEN .
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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 |
|---|---|---|---|
| Dec 24, 2024 | Sold | ||
| Sold | |||
| Dec 2, 2024 | Listed by COLDWELL BANKER SUNSTAR REALTY | $499,000 | |
| Listed by COLDWELL BANKER SUNSTAR REALTY | |||
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About Charlotte Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017