12 Ocean Drive
About This Property
Opportunity awaits to own this oceanfront masterpiece, while selecting your own finishes, and making tweaks if desired, to the already approved building plans. The lot boasts 105 feet of oceanfront and ''high above the dune'' elevation, providing ample privacy from the elegantly casual setting of the world famous Jupiter Inlet Colony. Land also for sale -- $5,575,000 -- if you wish to start from the ground up with your own builder. Originally owned by the legendary Perry Como, the lot has been cleared and is ready to build! Don't let the opportunity to own your custom beach house pass!
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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 |
|---|---|---|---|
| Oct 16, 2020 | Sold | ||
| Sold | |||
| Aug 9, 2020 | Listed by Compass Florida LLC | $10,875,000 | |
| Listed by Compass Florida LLC | |||
| Jul 22, 2020 | No longer available | - | |
| No longer available | |||
| Jul 21, 2020 | Listed by Compass Florida LLC | $5,575,000 | |
| Listed by Compass Florida LLC | |||
| | |||
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SPECTACULAR oceanfront lot available now with ready-to-build approved plans! Complete your beach front home using existing plans (12 month build process) or bring your own builder to create your custom built dream home. Buildable space can accommodate a 7,000+ sq ft of home on the 1/2 acre oceanfront lot. Enjoy 270 degrees of panoramic ocean views from your oceanfront backyard retreat and step directly onto the sand from your private beachfront backyard pathway. As one of the only buildable, cleared lots left in our area, this beach front lot is located in one of the highest sought after communities in northern Palm Beach County - Jupiter Inlet Colony - and lies on the south side of the world famous Jupiter Island. Quick closing and seller financing available for qualified buyers!
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| Jun 16, 2020 | Price Decreased |
$5,575,000
↓ $50K
(0.9%) | |
| Price Decreased | |||
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About Jupiter Inlet Beach Colony
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017