$107,000
●
Land -
Off Market
16 FLAGSHIP Drive
Palm Coast, FL 32137
Studio
0 Bath
$151,091
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model
About This Property
Beautiful lake lot in the private gated ocean front community of
Ocean Hammock. Located in Northeast Florida just 30 minutes south
of Historic St. Augustine. There is no time frame to build and you
can choose any builder you desire. Priced currently as one of the
best opportunities in Ocean Hammock with over 80 feet of lake
frontage. You can ride your bike or walk to the beach in less than
15 minutes. This community provides private beach access along with
the opportunity to purchase a golf or beach club membership
affiliated with the Hammock Beach Resort. Membership to the Hammock
Beach Club offers pools, restaurants, tennis courts ,spa and a
fabulous fitness center. Call me today to start building your dream
home.
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$176
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Real MLS #1036997)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 29, 2020 | Sold | ||
| Sold | |||
| Nov 13, 2020 | No longer available | - | |
| No longer available | |||
| Mar 9, 2020 | Listed | $115,000 | |
| Listed | |||
| | |||
|
Beautiful lake lot in the private gated ocean front community of Ocean Hammock. Located in Northeast Florida just 30 minutes south of Historic St. Augustine. There is no time frame to build and you can choose any builder you desire. Priced currently as one of the best opportunities in Ocean Hammock with over 80 feet of lake frontage. You can ride your bike or walk to the beach in less than 15 minutes. This community provides private beach access along with the opportunity to purchase a golf or beach club membership affiliated with the Hammock Beach Resort. Membership to the Hammock Beach Club offers pools, restaurants, tennis courts ,spa and a fabulous fitness center. Call me today to start building your dream home.
| |||
| Feb 6, 2020 | Listed by HAMMOCK REAL ESTATE GROUP | $115,000 | |
| Listed by HAMMOCK REAL ESTATE GROUP | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
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Price/ft²
Asking Price
Listed On
Listed On
Closing Price
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Sold On
HOA + Taxes
About Flagler
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Listed by: LUKE OREILLY, HAMMOCK REAL ESTATE GROUP
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1036997
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1036997
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