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11020 Skylark Drive
About This Property
Substantial preliminary work has already been completed. A designated homesite area has been cleared, the City of Jacksonville issued a site clearing permit, and the Florida Department of Environmental Protection issued an Environmental Resource Permit for construction of a single family residence. The environmental permit currently reflects a construction phase expiration date of May 6, 2029.
Wetlands are present on portions of the property, and the full 1.89 acres are not available for development. The sellers are completing the remaining environmental mitigation and stormwater obligations related to additional wetland impacts within the prescribed regulatory timelines. Professionally prepared plans for an approximately 4,800 square foot (under roof) custom home are available from the sellers for an additional fee, giving the buyer the option to continue with an established design or explore plans of their own.
Utilities are available nearby; however, electrical service, a well, and a septic system have not been installed. Bring your builder and explore the possibilities offered by this distinctive Mandarin property. Buyer to independently verify the permitted building area, wetlands, mitigation requirements, zoning, utilities, septic feasibility, permit transfer, governmental approvals, applicable fees, and suitability for the buyer's intended use.
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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%.
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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 |
|---|---|---|---|
| Sep 12, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Listed by WATSON REALTY CORP | $320,000 | |
| Listed by WATSON REALTY CORP | |||
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About Southeast Jacksonville
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