16-A BARU Road
About This Property
Discover the perfect opportunity to build your dream home or investment property on this 50' x 100' vacant lot. Nestled in a highly sought-after Park Terrace (Davis Shores) neighborhood on a quiet dead-end street this lot boasts an unbeatable location and versatile zoning (RS-2) that allows for short-term rentals-ideal for homeowners or investors alike.
Location Highlights: Walking distance to the Alligator Farm. Biking distance to Anastasia State Park, the Amphitheater, St Augustine beach, and historic downtown.
Property Features: No HOA or CDD fees-enjoy flexibility and freedom! High and dry at approximately 15' above sea level-no flood insurance required. Situated across from a serene, undeveloped green space.
Contact us today to schedule a visit or learn more about this unique property!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 16, 2024 | Listed by TORTOISE REALTY LLC | $225,000 | |
| Listed by TORTOISE REALTY LLC | |||
| Aug 20, 2021 | Sold | ||
| Sold | |||
| Mar 12, 2021 | Listed by TORTOISE REALTY LLC | $199,900 | |
| Listed by TORTOISE REALTY LLC | |||
| Sep 16, 2020 | No longer available | - | |
| No longer available | |||
| Jul 6, 2020 | Listed | $195,000 | |
| Listed | |||
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Beautiful Location To Build/Create Exactly What You’ve Been Wanting. Situated On A Quiet And Beautiful Dead-end Street Sits 16 Baru Rd. This Particular Parcel Offers A Large Footprint,No Hoa,And Just A Short Bike Ride To The State Park,Beaches,Restaurants,And The Many Attractions Anastasia Island Has To Offer. This Home Has Had Fire Damage And The Majority Of The Value Is In The Land,Along With Savings That Can Be Incurred When Building On Raw Land. The manager has listed the unit size as 2164 square feet.
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About St. Augustine
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Last Updated: 2 years ago
Data Source: Real MLS, MLS# 2060818
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Address: 335 Madison Avenue, New York, NY 10017