28
Map
1420 Trout Drive
About This Property
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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 |
|---|---|---|---|
| Nov 6, 2026 | Price Decreased |
$525,000
↓ $14K
(2.6%) | |
| Price Decreased | |||
| Aug 25, 2026 | Listed by Keller Williams Success Realty | $539,000 | |
| Listed by Keller Williams Success Realty | |||
| Apr 26, 2026 | Listed by Keller Williams Success Realty | $539,000 | |
| Listed by Keller Williams Success Realty | |||
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Water, power and boat lift already in place for you! Bring your boat now and build your dream waterfront home later! This is one of the few remaining deep-water canal homesites available in the gated community of Bay Point. Ready for construction, the property is already equipped with water, power, and a boat lift, saving valuable time and significant development costs. An added bonus is its ideal positioning, offering long, picturesque views down the canal rather than directly across, creating a more open and impressive waterfront setting. House plans are available, making it even easier to bring your vision to life. Enjoy direct deep-water access from your dock to the Gulf, whether you're heading out for a day of fishing, cruising to Shell Island, or simply enjoying life on the water. Bay Point is one of Panama City Beach's premier gated communities, featuring 24-hour security, a Jack Nicklaus championship golf course, a full-service marina, on-site dining, and beautifully maintained grounds. Conveniently located just minutes from St. Andrews State Park, Shell Island, shopping, restaurants, and the sugar-white beaches of the Gulf Coast. Rare opportunities like this don't come along often. Build exactly what you've been dreaming of in one of the area's most desirable waterfront communities. Seller is a Florida licensed real estate agent.
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| Jan 11, 2017 | Sold | ||
| Sold | |||
| Oct 31, 2003 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017