$750,000
●
Land -
Off Market
1257 PINE ISLAND Road
St Augustine, FL 32095
Studio
0 Bath
$1,286,074
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model
About This Property
3.7 acres of rare St. Johns County waterfront with dock, boat
ramp and Comm. Rural zoning. Deep Creek feeds directly into
the ICW with no impediments to navigation. Property used to be a
working fish camp but was purchased by the Hines Group who
developed Palencia. Pine Island Road is the southern boundary
of Nocatee and unpaved portion of road is in early permitting stage
for paving. Currently road is maintained by the county. Property
may be used as a restaurant, hunting/fishing compound, private
residence, neighborhood store, community center, park, recreational
or playground, boat storage or bait shop. Due to restrictions on
boat ramps and docks on most of St. Johns County's ICW frontage,
this boat ramp is very rare and in high demand and has been
maintained by the Hines Group.
Unit Size
-
Days on Market
-
Land Size
3.70 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1985
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Real MLS #916608)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 23, 2018 | Sold | ||
| Sold | |||
| Jan 15, 2018 | Listed by VICTORIA ROBBINS REALTY, INC. | $850,000 | |
| Listed by VICTORIA ROBBINS REALTY, INC. | |||
| | |||
|
3.7 acres of rare St. Johns Countu waterfront with boat ramp, floating dock and incredible views from majority of land. Commercial rural zoning allows many varied uses including restaurant, neighborhood store, recreational park, boat storage, fish and bait shop, private residence, community center or could be hunting & fishing retreat or family compound. Pine Island Road is southern boundary of Nocatee. Road is cucrrently going through early permitting for eventual paving by Nocatee developer. Boat ramp needs repairs but new bulkhead was installed and is maintained by Hines Group. Parcel is within Palencia North PUD and is part of Palencia CDD although no fees for same are allocated to property. Floating dock damaged by storm and slated for repair. value is for land only-being sold as is.
| |||
| Oct 22, 2017 | Listed by VICTORIA ROBBINS REALTY, INC. | $1,075,000 | |
| Listed by VICTORIA ROBBINS REALTY, INC. | |||
| | |||
|
3.7 acres of rare St. Johns County waterfront with dock, boat ramp and Comm. Rural zoning. Deep Creek feeds directly into the ICW with no impediments to navigation. Property used to be a working fish camp but was purchased by the Hines Group who developed Palencia. Pine Island Road is the southern boundary of Nocatee and unpaved portion of road is in early permitting stage for paving. Currently road is maintained by the county. Property may be used as a restaurant, hunting/fishing compound, private residence, neighborhood store, community center, park, recreational or playground, boat storage or bait shop. Due to restrictions on boat ramps and docks on most of St. Johns County's ICW frontage, this boat ramp is very rare and in high demand and has been maintained by the Hines Group.
| |||
| Feb 3, 2017 | Listed by VICTORIA ROBBINS REALTY, INC. | $1,075,000 | |
| Listed by VICTORIA ROBBINS REALTY, INC. | |||
| | |||
|
3.7 acres of rare St. Johns Countu waterfront with boat ramp, floating dock and incredible views from majority of land. Commercial rural zoning allows many varied uses including restaurant, neighborhood store, recreational park, boat storage, fish and bait shop, private residence, community center or could be hunting & fishing retreat or family compound. Pine Island Road is southern boundary of Nocatee. Road is cucrrently going through early permitting for eventual paving by Nocatee developer. Boat ramp needs repairs but new bulkhead was installed and is maintained by Hines Group. Parcel is within Palencia North PUD and is part of Palencia CDD although no fees for same are allocated to property. Floating dock damaged by storm and slated for repair. value is for land only-being sold as is.
| |||
| Dec 6, 2016 | Listed by VICTORIA ROBBINS REALTY, INC. | $1,075,000 | |
| Listed by VICTORIA ROBBINS REALTY, INC. | |||
| | |||
|
3.7 acres of rare St. Johns County waterfront with dock, boat ramp and Comm. Rural zoning. Deep Creek feeds directly into the ICW with no impediments to navigation. Property used to be a working fish camp but was purchased by the Hines Group who developed Palencia. Pine Island Road is the southern boundary of Nocatee and unpaved portion of road is in early permitting stage for paving. Currently road is maintained by the county. Property may be used as a restaurant, hunting/fishing compound, private residence, neighborhood store, community center, park, recreational or playground, boat storage or bait shop. Due to restrictions on boat ramps and docks on most of St. Johns County's ICW frontage, this boat ramp is very rare and in high demand and has been maintained by the Hines Group. ce its acquisition more than 10 years ago. There is an old homestead and the ruins of the original bait shop on the property. There is no warranty on these structures as the property is being sold for the land only.
| |||
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Building Info
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About St. Johns
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Listed by: VICTORIA ROBBINS, VICTORIA ROBBINS REALTY, INC.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 916608
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 916608
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