13407 Binnacle Way
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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.
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 |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Jul 30, 2024 | Listed by Cunningham Realty Group | $459,000 | |
| Listed by Cunningham Realty Group | |||
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One of the last water front vacant lots in prestegious Laffites Cove! Rare opportunity to build your dream vacation retreat, room for luxurious home, spacious patio & a swimming pool! This lot boasts 78ft of canal frontage. Social membership to the beautiful Galveston Country Club conveys with the property. Walking distance from Galveston Clountry Club & the famous Waterman's restaurant & marina. Join the exciting island lifestyle today!
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| Aug 30, 2023 | Sold | ||
| Sold | |||
| Jul 28, 2023 | Listed by Sand N Sea Properties, LLC | $419,500 | |
| Listed by Sand N Sea Properties, LLC | |||
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Wonderful opportunity to own a south facing water front lot in prestigious Laffites Cove. A social membership to the Galveston Country Club conveys with this lot. This lot has 78' of frontage on the canal and is plenty deep enough for a large home, grand patio area and a swimming pool, a concrete panel bulkhead is in place. Come be a part of this fantastic subdivision and enjoy the West Galveston Island lifestyle.
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About Pirates Cove
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Last Updated: 5 months ago
Data Source: HAR , MLS# 78227645
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017