111 Pluto Way
About This Property
Listed By
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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 6, 2026 | Listed by Beach Properties Real Estate | $97,900 | |
| Listed by Beach Properties Real Estate | |||
| Jun 18, 2025 | Price Decreased |
$94,900
↓ $14K
(12.9%) | |
| Price Decreased | |||
| May 21, 2025 | Listed | $109,000 | |
| Listed | |||
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Beautiful and heavily wooded beachside lot with easy beach access and partial bay views. This elevated corner lot checks all the boxes at a very affordable price point. Located only about 2/3 of a mile from Salinas Park, one can enjoy recently constructed pickle ball courts, observation pier extending into St. Joseph's Bay, bay front walking trail, Gulf front walking and driving access points and more. There is also public pedestrian access via a well maintained boardwalk (see photos). Don't miss this unique opportunity to get in on the ground floor for beach living at beautiful Cape San Blas!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017