1912 Surfside Drive
About This Property
Watch the sun rise, walk the beach, and stroll the quiet established neighborhood with no covenants!
One of a kind house plans have been approved and the permitting process is nearly complete.... or build the house of your dreams.
2 miles from Jetty Park and it's shops and restaurants. Close to marinas and historic downtown Fort Pierce. 1/2 mile from the boat launch, tennis courts, and playground at Jaycee Park.
This lot is one of only a very few left to build on the Ocean and the lowest priced ocean lot in Surfside!
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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 |
|---|---|---|---|
| Mar 25, 2025 | Listed | $2,100,000 | |
| Listed | |||
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Ocean Front premium lot, over 1/2 acre to build your dream home on, and with unabstructed views from the south. No buildings, only long distanct views. Survey and house plans available. Dont miss out on one of the largest buildable oceanfrot lots left on South Hutchinson Island. Walk to parks, resturants, boat launch. South Island offers, food, fun, marinas, and 5 minutes to the historic downtown.where you can enjoy one of the largest farmers markets in the state, shows at the famous Sunrise Theatre, retail shops, brewerys, many resturants, coffee cafes, marinas and events.
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| Feb 15, 2022 | Sold | ||
| Sold | |||
| Oct 8, 2021 | Listed by The Keyes Company | $1,200,000 | |
| Listed by The Keyes Company | |||
| Aug 10, 2017 | Sold | ||
| Sold | |||
| Apr 15, 2014 | 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