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Map
1551 STATE ROAD 100
About This Property
The property is currently being pursued for zoning clarification to better align with its intended rural residential use. Buyers are encouraged to perform their own due diligence with Putnam County regarding zoning, permitted uses, building requirements, and future development plans.
A gated entrance, existing culvert, and cleared land provide a great starting point for creating your vision. Whether you are looking for a private homesite, investment property, or a piece of Florida land to call your own, this location offers flexibility and convenience along a well-traveled corridor.
Enjoy the quiet of country living while remaining within reach of local amenities.
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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 |
|---|---|---|---|
| Sep 10, 2026 | Relisted | $140,000 | |
| Relisted | |||
| Sep 2, 2026 | In contract | - | |
| In contract | |||
| Aug 9, 2026 | Price Decreased |
$135,000
↓ $5K
(3.6%) | |
| Price Decreased | |||
| May 9, 2026 | Listed by HORIZONS REALTY INC | $140,000 | |
| Listed by HORIZONS REALTY INC | |||
| Feb 13, 2025 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017