131 Marlin DRIVE
About This Property
***Special Offer: SELLER is offering a generous $10,000 credit to the buyer at closing with an acceptable offer.
Have you always dreamed of owning a cozy beach bungalow? Your dream could become a reality just a few streets away from the Atlantic Ocean in the charming coastal town of Ormond by the Sea. Whether you're seeking your next vacation retreat or your personal paradise, this property offers both comfort and convenience in abundance.
**Thoughtful Design: Every detail of this home reflects thoughtful design, with an open-concept, split-plan layout that places everything exactly where you need it. The vaulted ceiling adds a sense of spaciousness, while natural wood beams infuse warmth into this beautiful coastal cottage.
**Stylish Kitchen: The updated stainless-steel appliances, beautiful oak cabinets, granite countertops, and a central island elevate the kitchen's aesthetics while providing ample storage and prep space.
**Outdoor Oasis: Step into the fenced backyard, where tropical plants and lush green grass create a picturesque oasis. There's plenty of room for family and friends to gather, share moments, and enjoy each other's company. If a pool is in your plans, there's ample space to make it a reality.
**Prime Location: This neighborhood offers a peaceful escape from the hustle and bustle of tourist areas, yet it's conveniently close to everything Northeast and Central Florida have to offer. Explore state parks, discover charming shops and restaurants, visit local attractions, and, of course, savor the proximity to the BEACH! A short drive north takes you to Flagler Beach, Crescent Beach, and Historic St. Augustine, while heading south leads you to the World's Most Famous Daytona Beach. Orlando's theme parks and entertainment venues are also just an hour and a half away. What a fantastic and convenient location!
***Don't miss out on the opportunity to make this charming beach bungalow in Ormond by the Sea your very own-a perfect blend of coastal living, warmth, and accessibility awaits!
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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 |
|---|---|---|---|
| Oct 30, 2023 | Sold | ||
| Sold | |||
| Oct 9, 2023 | In contract | - | |
| In contract | |||
| Jun 28, 2023 | Listed by COLDWELL BANKER PREMIER PROPERTIES | $475,000 | |
| Listed by COLDWELL BANKER PREMIER PROPERTIES | |||
| May 1, 2019 | Sold | ||
| Sold | |||
| Mar 24, 2019 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017