$1,375,000
●
House -
Off Market
1850 OCEAN GROVE Drive
Atlantic Beach, FL 32233
5 Beds
5 Baths
3,600 Ft²
$1,755,066
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
This charming, cedar shake home w/wrap around porches is the
epitome of ''Old Atlantic Beach''. It sits on an oversized lot
steps to the ocean w/ a detached guest that has a rental history of
$18,000 yearly. The main home has been renovated w/original, white
¾''tongue & grove cedar walls, refinished heart pine flooring,
tile, granite, travertine, plantation shutters, open kitchen w/
tons of shelving, In Great condition! Very spacious great
room with office/5th bedroom on 1st level. Beautiful wood staircase
leads to upstairs with 4 oversized bedrooms with 2 extra sets of
windows in each room for tons of light. All baths are renovated
w/full tile walls & unique designer touches in. Lush ,
tropical, Xeric landscape gives extra privacy. Home was moved
from oceanfront to this lot after Dora. Dora.
Unit Size
3,600 Ft²
Days on Market
127 days
Land Size
-
Price per sqft
$417
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1922
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 11 months ago (Real MLS #1092173)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 14, 2021 | Sold | ||
| Sold | |||
| Jan 27, 2021 | Listed by WATSON REALTY CORP | $1,500,000 | |
| Listed by WATSON REALTY CORP | |||
| Jan 19, 2018 | Listed by LISTWITHFREEDOM.COM | $1,500,000 | |
| Listed by LISTWITHFREEDOM.COM | |||
| | |||
|
Beach House & Cottage with both nostalgic charm and the newest upgrades: All only STEPS away from Atlantic Beach- in one of best ?Hometown Beach Neighborhoods? The free-standing in-law cottage has 100% rental history of $18,000 yearly. WRAP AROUND PORCH, Open Floor plan, large bedrms, paved 8 car driveway. Xeric landscape, original hardwood floors, tile, granite, travertine, stainless, plantation shutters. And best feature of all-the cool beach winds means No Bugs! Not a cookie-cutter home! Don't miss your chance to own a one-of-a-kind, charming piece of Atlantic Beach history
| |||
| May 27, 2009 | Sold | ||
| Sold | |||
| Jan 9, 2009 | Listed by WATSON REALTY CORP | $599,000 | |
| Listed by WATSON REALTY CORP | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Beaches
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Currently no similar homes aroundNearby Rentals
Listed by: JAN SHIELDS, WATSON REALTY CORP
Last Updated: 11 months ago
Data Source: Real MLS, MLS# 1092173
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 11 months ago
Data Source: Real MLS, MLS# 1092173
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