15 MARLIN DRIVE
About This Property
This home sits high and dry in Flood Zone X with no history of flooding, offering peace of mind and added security in a prime island location.
The property features an oversized lot with swaying palm trees, a fully fenced backyard, and an expanded back deck-perfect for grilling, sunning, or simply relaxing while exotic birds from the nearby Alligator Farm fly overhead. An outdoor hot/cold shower adds convenience after beach days or bike rides through the park. A backyard shed provides plenty of storage for bikes, beach chairs, surfboards, and all your island gear.
Inside, the home blends character with comfort, featuring refinished original wood floors that add warmth and charm throughout. The fully renovated kitchen is ideal for entertaining, while the primary suite offers a tranquil escape with a luxuriously updated bathroom, complete with a rain head shower.
With a peaceful setting and close proximity to the island's best restaurants, shopping, and the Historic District of downtown St. Augustine, Sail Away is the ideal island getaway-whether you're looking for a primary residence, vacation home, or successful short-term rental.
All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
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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 |
|---|---|---|---|
| Aug 7, 2025 | Sold | ||
| Sold | |||
| Jul 1, 2025 | In contract | - | |
| In contract | |||
| Jun 6, 2025 | Listed by DJ & LINDSEY REAL ESTATE | $725,000 | |
| Listed by DJ & LINDSEY REAL ESTATE | |||
| Oct 1, 2024 | No longer available | - | |
| No longer available | |||
| Jul 10, 2024 | Price Decreased |
$799,900
↓ $50K
(5.9%) | |
| Price Decreased | |||
Property Highlights
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About Lighthouse Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017