1469 Coffee Mill Hammock Road
About This Property
One of the area's most appealing qualities is its authentic small-town Florida atmosphere - something many buyers are searching for as Florida's coastal communities continue to experience rapid growth and development. Here, you'll still find peaceful backroads, open spaces, friendly neighbors, and the slower-paced lifestyle that defines classic Old Florida living.
The 1,536+/- sq ft home features rustic character and endless potential, including a wraparound screened porch perfect for enjoying peaceful mornings and relaxing evenings surrounded by nature. A detached garage/workshop provides additional storage and workspace, while a separate former chapel structure connected by the screened lanai offers flexibility for a guest space, office, studio, hobby room, or retreat area. Horses are welcome, and there is ample room for gardens, a pool, recreational vehicles, or future improvements.
This property is in need of significant renovation and is being sold as-is, making it the perfect opportunity for investors, flippers, contractors, or buyers with vision looking for their next project. Deals like this rarely hit the market - offering over 5 acres of secluded land, mature tropical landscaping, multiple structures, and endless possibilities in a peaceful Old Florida setting. With the right restoration, this property could become an incredible private estate, retreat, or income-producing investment.
Located just minutes from the Ortona Lock, public boat ramps, fishing, and outdoor recreation, this property offers privacy, country living, and exceptional upside potential for the right buyer.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017