123 16TH Street
About This Property
Live like you're on vacation every day on the highly desirable ''Golden Mile'' of beautiful Anastasia Island! Here is your chance to have your very own beach cottage & live just steps to the ocean at an affordable cost! This 3 bedroom, 2 bath home (+ adorable air conditioned guest cottage) is a rare find. Bring your beach chairs, towels, & boat and settle in to this cozy and charming bungalow. The tranquil backyard makes a perfect area to stay home and entertain. Want to venture out? There are tons of shops and local restaurants at your fingertips and just a short stroll away. Some local favorite spots include Beachside Diner, Sunset Grill, the Farmer's Market, St. Augustine Pier, & the white sandy BEACH!
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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 23, 2023 | Sold | ||
| Sold | |||
| Mar 31, 2023 | Listed by ENGEL & VOLKERS FIRST COAST | $579,000 | |
| Listed by ENGEL & VOLKERS FIRST COAST | |||
| Jan 15, 2019 | Sold | ||
| Sold | |||
| Nov 2, 2018 | Listed by ENGEL & VOLKERS FIRST COAST | $375,000 | |
| Listed by ENGEL & VOLKERS FIRST COAST | |||
| Oct 27, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017