125 PELICAN DUNES DRIVE
About This Property
Inside, the open concept layout is bright and welcoming, featuring volume ceilings and a spacious kitchen with newer appliances, wood cabinetry, sleek countertops, and a cozy breakfast nook. The den or office, currently used as a dining room, features French doors and dramatic floor to ceiling windows that fill the space with natural light. The split bedroom floor plan offers comfort and privacy, ideal for everyday living or hosting guests.
Step outside to your private backyard retreat complete with a screened rear porch with electric, vinyl fencing, and a relaxed coastal feel perfect for morning coffee or evening gatherings. Additional highlights include a 2 car garage, newer washer and dryer, new dishwasher and refrigerator, 2018 roof, new water heater in 2025, and thoughtful updates throughout.
This home is connected to city water and sewer, not septic, adding convenience and value. All of this is set in a quiet, well kept neighborhood with NO HOA and just a short walk to the beach and river. Enjoy easy access to the ocean, nearby parks, local shopping, and recreation, along with close proximity to Flagler Beach and everything Ormond by the Sea has to offer.
This is a rare opportunity to live where others vacation.
Schedule your private tour today.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017