Lot 12 Sand Cliffs Drive
About This Property
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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 14, 2024 | Sold | ||
| Sold | |||
| Apr 29, 2024 | Listed by Inlet Beach Real Estate | $2,849,000 | |
| Listed by Inlet Beach Real Estate | |||
| Oct 26, 2021 | No longer available | - | |
| No longer available | |||
| Jul 19, 2021 | Listed by Century 21 Coast Properties | $1,850,000 | |
| Listed by Century 21 Coast Properties | |||
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The final opportunity to own & build your dream home on the south side of 30A with forever gulf views in Sand Cliffs, a gated, non-short term rental community adjacent to Alys Beach, Seacrest Beach and Rosemary Beach. Gulf front lots in Sand Cliffs have a strict building height of 18.5 feet. This last remaining 2nd tier lot can be built upon up to 30 ft, ensuring a forever gulf view. With over 1300 feet of beachfront (access is less than 300 feet from Lot 12-B), you can be assured to find plenty of space to relax & unwind in the sand and enjoying a peaceful lifestyle of beach living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017