Lot 17 Hemmingway Circle
About This Property
Even better, much of the planning has already been done! Custom build plans designed specifically for this homesite are available upon request, giving the next owner a valuable head start toward bringing their Cape San Blas vision to life without spending months beginning the design process from scratch.
Sunset Pointe at Secluded Dunes offers gated entry, street lighting, fiber optic internet, a community pool and a private boardwalk leading to the beach. With convenient access to both the Gulf and St. Joseph Bay, the community is also among the closest to the entrance of St. Joseph Peninsula State Park, putting miles of pristine coastline and some of the Cape's best boating, fishing, paddling and outdoor recreation just minutes away.
For those looking to claim their place on Cape San Blas, Lot 17 offers a rare combination of privacy, natural beauty, community amenities and a head start toward building the coastal home you've envisioned.
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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 |
|---|---|---|---|
| Oct 14, 2026 | Price Decreased |
$194,900
↓ $5K
(2.5%) | |
| Price Decreased | |||
| Sep 2, 2026 | Listed by EXP Realty LLC | $199,900 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017