16
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1833 NE Ocean Boulevard
About This Property
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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 20, 2026 | Listed by Berkshire Hathaway Florida Realty | $2,650,000 | |
| Listed by Berkshire Hathaway Florida Realty | |||
| Apr 26, 2025 | Price Decreased |
$2,888,000
↓ $262K
(8.3%) | |
| Price Decreased | |||
| Apr 3, 2025 | Listed | $3,150,000 | |
| Listed | |||
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One of the few direct ocean properties left in Martin County. There is no HOA. 1833 includes architectural plans and DEP permits for a 7,200 sq ft house and pool. With NO HOA, you can have what you want. Martin County is the place to be. It puts a very high value on its natural beauty, which includes a maximum limit of 4 stories. This direct ocean lot is located on Southern Hutchinson Island, 4 miles to downtown Stuart & Jensen Beach, and 1/2 mile to Publix. Stuart Witham Air Field is only 5 miles away and has a US Customs office. PBI is just 1 hour south. There are so many things for you to do.
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| May 29, 2020 | Sold | ||
| Sold | |||
| Aug 25, 2004 | Sold | ||
| Sold | |||
Property Highlights
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About South Hutchinson Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017