1385 SCOTT Road
About This Property
Horse lovers will appreciate the 4 stall concrete aisle barn with a tack room and bathroom. A full sized lighted dressage arena, wash rack, and four 1-acre paddocks complete the picture. Not to mention the 1.5 miles of riding/running trails throughout the property.
Truly a nature lover's dream, parts of this property has undergone controlled burns to help restore Florida's natural Longleaf Pine Ecosystem. A passion for ecology and land management has led to collaborative efforts with the Florida Forest Service and other resources to receive wildlife grants and place the property into a conservation easement, ensuring the hard work and knowledge put into the land cannot be undone at the drop of a hat. There is still one designated buildable site for a second home or main structure. Take in the sights of wild mushrooms and owls, smell the wild azaleas, or sit on the edge of the pond and get lost in the tranquility of the calm water.
Additional buildings include a screened in "summer house" that holds memories of weddings, hosting girl scout troops, and entertaining friends by the fireplace. An oversized workshop and several outbuildings for storage give you plenty of room to tinker on projects or store farm equipment. Some equipment is available for purchase separately.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 11, 2023 | Sold | ||
| Sold | |||
| Feb 10, 2023 | Listed by THE LEGENDS OF REAL ESTATE | $1,500,000 | |
| Listed by THE LEGENDS OF REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017