$3,050,000
●
House -
Off Market
1602 1ST Street
Neptune Beach, FL 32266
4 Beds
4 Baths
3,028 Ft²
$15,775
Est. Monthly
0.72%
Cap Rate
About This Property
*Still Accepting Offers! FIRST RIGHT OF REFUSAL!* Welcome to this
stunning custom home, situated just steps from the sand in one of
Neptune Beach's most desirable locations. Stroll to the area's best
restaurants and shops, or relax at home surrounded by thoughtfully
designed, coastal-inspired finishes. Expect sprawling ceilings that
create an airy, light-filled space, a striking chef's kitchen with
luxe appliances + rich custom details. The first floor boasts an
ideal open layout for entertaining, complete with a moody office, a
full guest bedroom and bath + seamless flow to the outdoor living
spaces. You'll love the saltwater pool, lush turf, putting green,
detached pool cabana + vibrant tropical landscaping. Your large
corner lot allows for a two-car garage with ample parking and
storage. Upstairs, enjoy the spa-like primary suite, guest
bedrooms, an oversized laundry room + generous storage. This is
more than a home, it's a lifestyle.
Unit Size
3,028 Ft²
Days on Market
63 days
Land Size
0.14 acres
Price per sqft
$991
Property Type
House
Property Taxes
$1,044
HOA Dues
-
Year Built
2017
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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: 12 months ago (Real MLS #2103887)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2025 | Sold | ||
| Sold | |||
| Aug 17, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | $3,000,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | |||
| Aug 21, 2024 | Sold | ||
| Sold | |||
| Jul 16, 2024 | Listed by COMPASS FLORIDA LLC | $2,950,000 | |
| Listed by COMPASS FLORIDA LLC | |||
| | |||
|
Welcome to this exquisite custom home in the heart of Neptune Beach, FL. Nestled on a spacious corner lot just steps away from the ocean, this coastal oasis offers unparalleled elegance and designer finishes. The main house boasts 4 bedrooms, 3 bathrooms, plus a separate office, while the detached 2-car garage provides ample parking as well as another full bath and cabana, exuding timeless charm. Upon entering, you'll be greeted by gas lanterns and outdoor landscape lighting illuminating the way to this meticulously designed home. The interior features an open floor plan that flows out to the backyard oasis complete with a pool, artificial turf, and putting green. Whether enjoying the ocean views from the primary suite's balcony or entertaining guests, this property offers a lifestyle of luxury and relaxation. Only a block off the ocean and a short walk to the Beaches Town Center, this home offers you the convenience to truly live like a local.
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Beaches
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Listed by: SOFIA GORDON, KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Last Updated: 12 months ago
Data Source: Real MLS, MLS# 2103887
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: 12 months ago
Data Source: Real MLS, MLS# 2103887
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