14688 SE 47TH LOOP
About This Property
NO renting or leasing of the cabin is allowed under any circumstances! You own the cabin and the land is leased from the federal government on 20 year permits. There is a one time transfer fee to the buyer of $1,350 for the remainder of the existing permit, which ends in 2028 and then renews for another 20 years. Forest Service application and approval is required. There are rules and regulations of the forest service that must be complied with. Buyer is resopnsible for Tangilbe Property Taxes and annual Forest Service permit fee.
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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 |
|---|---|---|---|
| Jun 19, 2025 | Sold | ||
| Sold | |||
| Nov 5, 2024 | In contract | - | |
| In contract | |||
| Oct 27, 2024 | Listed by FONTANA REALTY | $124,900 | |
| Listed by FONTANA REALTY | |||
| Nov 27, 2023 | Sold | ||
| Sold | |||
| Apr 26, 2023 | Listed by FONTANA REALTY EAST OCALA | $114,900 | |
| Listed by FONTANA REALTY EAST OCALA | |||
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This Lakefront Oasis from that mad world out there is where you, your friends and family will make memories to last lifetimes and generations!! Nestled in the Ocala National Forest located 20 minutes east of Silver Springs, Fl on Tomahawk Lake with morning views of sunrises that rival the best in the world! Nature Lovers dream of places like this. Hiking in any direction from your front door may surprise you with an animal encounter that will delight you. Birds abound! Eagles, osprey, owls, turkey, sandhill cranes and blue herons. Critters abound! Deer, Bear, Foxes, Bobcats, Racoons top the list of many more animals to be seen and enjoyed. Swim and fish Tomahawk Lake, no water skiing though, the Forestry Service limits boats to under 10HP! Enough of one of the most beautiful and desirable locations in Central Florida, let’s get to the Cabin! Check out the photos, cute cute cute! Its little, almost 800 sq ft with Hardwood and Pecky Cypress everywhere. Windows all around optimizes outdoor views from almost every room in the house. That’s why you came out here, right? Windows, Windows and more Windows. About US Forest Service Leases – The land is leased from US Forestry Service via a special use permit. Full time residency is not allowed. Buyer is responsible for annual property taxes and the annual Forestry lease fee. The Taxes and Forest fees for 2022 equaled $1873 total. The way this works is the cottage, and any personal property is purchased cash and delivered by “Bill of Sale” and the land lease is transferred to the buyer by the US Forestry Service. This land is under the Federal Recreation Residence program and leased under a special use permit. See docs attached for US Forestry service rules and Regulations. Annual lease fee is currently $1,753 and there is a transfer fee (one time)- $1,350. Basically, the structures on the land are owned by the seller, but the land itself is leased to the seller by the US Forestry Service. This transfer process can take some time. The first order of business is all the funds to close are placed in escrow with the title company and the buyer then makes application with the Forestry Service to transfer the special use permit. The Forestry Service inspects the cabin for compliance to the lease terms, and requires corrections, if any, be performed and reinspected before moving forward. The transfer is then approved locally and then sent to Tallahassee to be signed and returned, which can take weeks. The funds are then disbursed and keys delivered to buyer when the permit comes back.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017