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1640 GROUPER STREET
About This Property
Don't miss this fantastic opportunity to own 0.15 acres of cleared residential land that's ready for your new construction home or manufactured home! This residentially zoned property already has power, a septic system installed in 2016, and a private well installed in 2020, saving you time and money as you prepare to build.
An added bonus is a $27,777 credit toward impact fees, offering significant savings for your future construction project. The property also has no HOA and no CDD fees, giving you greater flexibility and fewer ongoing expenses.
Enjoy the perfect balance of peaceful living and convenient access to recreation and everyday amenities. Located less than one mile from the Trout Lake Public Boat Ramp, you'll have easy access to Trout Lake and the Alligator Chain of Lakes, making it ideal for boating, fishing, and other outdoor activities.
Conveniently situated near shopping, medical facilities, restaurants, and more, this property is also less than an hour from Florida's beautiful beaches. Whether you're looking to build your dream home, place a manufactured home, or invest in a growing area, this property offers outstanding value with existing improvements, substantial impact fee savings, and an unbeatable location.
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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 |
|---|---|---|---|
| Aug 18, 2026 | Price Decreased |
$115,000
↓ $5K
(4.1%) | |
| Price Decreased | |||
| Jul 28, 2026 | Price Decreased |
$119,900
↓ $10K
(7.7%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by WEICHERT REALTORS HALLMARK PRO | $129,900 | |
| Listed by WEICHERT REALTORS HALLMARK PRO | |||
| Dec 20, 2013 | Sold | ||
| Sold | |||
| Mar 18, 2005 | Sold | ||
| Sold | |||
Property Highlights
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About Pine Grove Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017