159 OCEAN HOLLOW Lane
About This Property
The screened lanai, accessible from the main living areas as well as the primary bedroom, extends a warm invitation to enjoy the surrounding environment throughout the year. Revel in breathtaking sunrises over the Atlantic Ocean and savor the gentle ocean breeze from your private and secluded back patio. For a more immersive experience, please visit the 3D Tour LINK: bit.ly/VoV3D. Significant updates have been made to the property within the past five years, including landscaping enhancements, a new roof with skylights, a modernized water heater, upgraded doors and windows, exterior repainting, and an updated HVAC system. These recent improvements further underscore the meticulous care and attention dedicated to preserving the quality and appeal of this exceptional property.
Nestled between the enchanting ocean and picturesque intracoastal, this coastal community presents a plethora of desirable features and amenities. Its prime location places it in close proximity to Historic Downtown St. Augustine, local shopping destinations, recreational facilities, and the thriving Vilano Town Center, ensuring an abundance of leisure and convenience.
Residents of this esteemed community are granted access to an array of resort-style amenities, including a heated indoor pool, outdoor pool, jacuzzi, fitness center, illuminated tennis courts, and a pickleball court. These exceptional offerings further enhance the allure of this captivating coastal retreat.
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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 |
|---|---|---|---|
| Jul 11, 2023 | Sold | ||
| Sold | |||
| May 25, 2023 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $499,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017