132 MARSH POINT
About This Property
With direct access to the Intracoastal Waterway, your backyard becomes your playground. Add a private dock and boat lift, and spend your days boating, fishing at sunrise, kayaking through peaceful waterways, or cruising out for waterfront dining. This is the kind of place where weekends feel like vacations and every evening ends with golden reflections dancing on the water.
The lot provides generous space to create your custom coastal retreat - expansive outdoor living areas, a pool overlooking the canal, and room to store all your toys. Whether your vision is modern coastal elegance or classic Florida charm, this homesite is the perfect canvas.
Tucked inside a private gated community, you'll enjoy both serenity and convenience. You're just 5 minutes to the sandy shores of Flagler Beach, 5 minutes to the hospital, 20 minutes to Daytona Beach, 35 minutes to historic St. Augustine, and a little over an hour to Orlando's world-famous attractions. Dining, shopping, and everyday essentials are all close, yet your homesite feels like a peaceful waterfront escape.
Opportunities to build on deep saltwater canal property with Intracoastal access are becoming harder to find. Secure your place on the water and start planning the Florida dream home you've always imagined. Builder must be approved by the HOA. No time limit to build. All inspections, surveys, and due diligence responsibility of buyer.
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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.
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About Flagler
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017