12116 Pinecrest Road
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 |
|---|---|---|---|
| Jul 9, 2026 | Sold | ||
| Sold | |||
| Jun 13, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Listed by EXP Realty LLC | $18,000 | |
| Listed by EXP Realty LLC | |||
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This unique opportunity in Fountain includes two adjacent .25-acre lots(12116 and 12128 Pinecrest Rd), giving you a combined half-acre homesite for one affordable price. Located on Pinecrest Rd, these partially cleared parcels offer the perfect blend of privacy and flexibility. Whether you want to build a sprawling custom estate, place a manufactured home, or develop two separate residences, this property is a rare find. Enjoy the quiet, slower pace of country living with the massive benefit of quick access to Hwy 231--making your commute to Panama City a breeze.
Total Acreage: .50 Acres (Two .25-acre parcels included).
Highlights: Wooded privacy, easy highway access, no HOA constraints.
Investment: Perfect for building now or land-banking in a growing area.
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| Apr 14, 2022 | No longer available | - | |
| No longer available | |||
| Mar 12, 2022 | Listed by Beach Haven Realty | $15,000 | |
| Listed by Beach Haven Realty | |||
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Both lots together gives you just under a half of an acre. All the hard work is done...lot cleared and ready for you. Great Property for your land & home Package and an easy commute to PCB, or Alabama..
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017