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175 Nettles Boulevard
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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%.
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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 |
|---|---|---|---|
| Jun 30, 2026 | Sold | ||
| Sold | |||
| Jun 18, 2026 | In contract | - | |
| In contract | |||
| May 5, 2026 | Listed by Beach Front Mann Realty | $214,900 | |
| Listed by Beach Front Mann Realty | |||
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WELCOME TO PARADISE!!! If you are seeking a relaxing beach getaway? Look no further. This charming 2/1 manufactured home is located in the amenity filled community of Nettles Island, nestled between the Indian River and the Atlantic Ocean on Hutchinson Island. Enjoy resort style living at an economical cost. Lounge at the clubhouse with a stunning pool and jacuzzi tubs overlooking the river or enjoy our community pool and cabana overlooking the Atlantic. If an active lifestyle is what you seek, become a part of the numerous social clubs available. If you are seeking peace and tranquility the beach is beckoning to you. This home is the perfect getaway or investment property, with the opportunity to rent immediately upon purchase. Home has been excellently maintained and comes fully furnished.
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| Apr 24, 2025 | Listed | $219,000 | |
| Listed | |||
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Step into coastal comfort with this 2 bedroom, 1 bathroom vintage mobile home nestled on a quiet street just a short walk from a lively, amenity-filled clubhouse. Featuring brand new luxury vinyl flooring installed in April 2025, this home blends retro with modern updates. Enjoy relaxing mornings on the cozy front porch, surrounded by lush green space and tropical foliage. With two-car parking and a golf cart that conveys with the sale, this beach bungalow is ready for your next chapter of relaxed island living. Whether you're looking for a weekend retreat or full-time home, this spot offers the perfect mix of privacy and community. Golf cart does convey. Located on Nettles Island, a guard-gated river community across the street from the Atlantic Ocean. Nettles Island offers so many fun activities, two heated swimming pools, tennis, pickleball, horseshoes, line dancing, a large clubhouse, fitness room, café, games for the family, library, church services, and over 40 different clubs.
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| May 13, 2024 | Sold | ||
| Sold | |||
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About South Hutchinson Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017