1277 Nettles Boulevard
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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%.
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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.
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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 |
|---|---|---|---|
| Sep 19, 2025 | Sold | ||
| Sold | |||
| Aug 27, 2025 | In contract | - | |
| In contract | |||
| Aug 17, 2025 | Listed by Real Broker, LLC | $259,900 | |
| Listed by Real Broker, LLC | |||
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1277 Nettles Blvd,— affordable island living at just $259,900!
2 bedrooms • 1 bath... Home is closer to 700sf & beautifully maintained.
Welcoming community vibe • Move-in ready
Easement grass area in the back.
Your patio area with water views!
Resort-style amenities right on the island:
Club House, library, over 50 clubs to join,
2 pools (including one on the ocean),
2 hot tubs,
Mini golf,
Pickleball, tennis & basketball courts.
Boat launch & fish cleaning station.
2 on-site restaurants,
Grocery store,
Golf cart friendly — no need for a car!
Great rental opportunity 2-week min
This isn’t just a home, it’s a lifestyle. Don’t miss your chance to own this coastal gem!
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| May 20, 2025 | Sold | ||
| Sold | |||
| Apr 19, 2025 | Listed by Hutchinson Island Real Estate | $259,900 | |
| Listed by Hutchinson Island Real Estate | |||
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Charming beach cottage offering 2 bedrooms and 1 bathroom with a stunning partial view of the South Wall River. Enjoy peaceful mornings with a cappuccino while taking in the serene scenery, and host unforgettable BBQs in the evening. This home has been thoughtfully updated with a full-size washer and dryer, new roof, windows, flooring, paver stones, stove, and patio—all replaced in 2022. The AC was replaced in 2023, and the dishwasher is brand new as of 2025. Perfect for relaxing, entertaining, and embracing coastal living.
Located on Nettles Island, a guard-gated river community across the street from the Atlantic Ocean. Nettles Island offers so many fun activities, including two heated swimming pools—one on the ocean with beach access—tennis, pickleball, horseshoes, line dancing at the beach, a large clubhouse, fitness room, café, games for the entire family, library, church services, and over 40 different clubs. Come live the Florida lifestyle you have always dreamed of!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About South Hutchinson Island
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Last Updated: 3 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20032961
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