$65,000
●
Land -
Off Market
1382 Mainsail LANE
SAINT CLOUD, FL 34771
Studio
0 Bath
$524
Est. Monthly
$155
HOA / Fees
17.08%
Cap Rate
About This Property
GATED COMMUNITY situated on Center Lake with direct access to the
Chain of Lakes. Tucked within a sprawling 150-acre community,
Residents enjoy an array of amenities including a community pool,
clubhouse, boat launch, walking trails, shuffleboard, basketball
court, fitness center, and laundry facilities. Existing mobile home
can be removed, and new mobile home installed. Must be a PARK MODEL
mobile home less than 500 sqft. The monthly association fee of $155
covers water, sewer, and trash services. Spacious lot with storage
shed. Ideal for snowbirds or savvy investors, there are no age
restrictions or minimum rental periods. Prospective tenants undergo
a background check. **CASH OFFERS ONLY** Call today to schedule
your showing.
Unit Size
-
Days on Market
47 days
Land Size
0.06 acres
Price per sqft
-
Property Type
Land
Property Taxes
$25
HOA Dues
$155
Year Built
1976
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Cap Rate Calculator
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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: 3 years ago (Stellar MLS #S5104218)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 25, 2025 | Listed | $85,000 | |
| Listed | |||
| | |||
|
SHELTER COVE, GATED COMMUNITY situated on Center Lake with direct access to the Chain of Lakes. Vacant Lot with new Concrete Pad and Storage Shed. Camper not included in sale. Tucked within a sprawling 150-acre community, Residents enjoy an array of amenities including a community pool, clubhouse, boat launch, walking trails, shuffleboard, basketball court, fitness center, and laundry facilities. The monthly association fee of $180 covers water, sewer, and trash services. Spacious lot, currently rented for $800/month with lease expiring January 31, 2026. Ideal for snowbirds or savvy investors, there are no age restrictions or minimum rental periods. Community allows park model mobile homes, campers, and RV's. Prospective tenants undergo a thorough background check. Call today to schedule your showing!
| |||
| Jun 18, 2024 | Sold | ||
| Sold | |||
| Jun 4, 2024 | In contract | - | |
| In contract | |||
| May 10, 2024 | Price Decreased |
$69,900
↓ $5K
(6.8%) | |
| Price Decreased | |||
| May 2, 2024 | Listed by REMAX PREMIER PROPERTIES | $75,000 | |
| Listed by REMAX PREMIER PROPERTIES | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Closing Price
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HOA + Taxes
About Shelter Cove
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Listed by: Janet McQuagge
REMAX PREMIER PROPERTIES
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# S5104218
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. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
REMAX PREMIER PROPERTIES
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# S5104218
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