18 CAPE HATTERAS Drive
About This Property
Step inside to an airy, light-filled open floor plan where the gourmet kitchen is ready for Sunday pancake breakfasts, holiday spreads, or a late-night snack run (no judgment). Stainless appliances, under-cabinet lighting, and generous counter space make it as functional as it is beautiful. The main level offers an enclosed office/flex space for work or homework-and a built-in hurricane storm room for peace of mind.
Upstairs, the luxury owner's suite feels like a boutique hotel retreat with a tray ceiling, oversized walk-in closet, soaking tub, and glass-enclosed shower. Three additional bedrooms keep everyone comfortably close.
Outside, the large side yard (already partially fenced for your furry friends) is perfect for weekend cornhole, a playset, or simply watching the sunset with your favorite beverage. A long driveway, low-traffic alley, and NEMA 14-50 EV outlet add daily convenience.
Enjoy TWO community pools, a fitness center, clubhouse, dog park, sports courts, playgrounds, and private boardwalk trails. A private pedestrian gate connects to the Nocatee Greenway Trails with access to water parks, pickleball, kayak launches, and more. Zoned for Pine Island Academy (K-8) and Allen D. Nease High School. Move-in ready and priced to sell!
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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 |
|---|---|---|---|
| Nov 4, 2025 | Sold | ||
| Sold | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Price Decreased |
$699,000
↓ $26K
(3.6%) | |
| Price Decreased | |||
| Jun 27, 2025 | Price Decreased |
$725,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Jun 12, 2025 | Listed by IMAGINE REAL ESTATE LLC | $729,900 | |
| Listed by IMAGINE REAL ESTATE LLC | |||
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About Nocatee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017