11 MASTER DRIVE
About This Property
The seller already has house plans approved by the city and completed survey, providing a valuable head start for buyers looking to build right away. Whether you're envisioning a full-time residence, vacation home, or investment property, this lot offers flexibility and strong potential in a highly desirable area.
Enjoy easy access to beaches, parks, and island charm while still being close to shopping, dining, and major roadways. Rare opportunity to secure land in one of Southwest Florida's most sought-after coastal communities.
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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 |
|---|---|---|---|
| May 6, 2026 | Price Decreased |
$25,000
↓ $2K
(7.4%) | |
| Price Decreased | |||
| Feb 16, 2026 | Price Decreased |
$27,000
↓ $2K
(6.9%) | |
| Price Decreased | |||
| Jan 28, 2026 | Listed by BARCLAYS REAL ESTATE GROUP 1 | $29,000 | |
| Listed by BARCLAYS REAL ESTATE GROUP 1 | |||
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Jul 23, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017