1926 LAKE DISSTON DRIVE
About This Property
The 1,844-acre lake is not only one of the largest lakes in this part of Florida but is so pristine that the Florida Department of Environmental Protection designated it an "Outstanding Florida Waterway" due to its remarkable water quality and the abundance of old-growth cypress forest stretching more than six miles around the lake. A fabulous ski lake with very little boat traffic, Lake Disston also has outstanding fishing with healthy populations of largemouth bass, shellcracker, and crappie. It also supports nesting Ospreys, Bald Eagles, and Sandhill Cranes, along with a major rookery along the northern shore that teems with hundreds of wood storks, ibises, and egrets. Public boat ramp access is located less than a minute down the road, making it easy to enjoy. The property features paved road frontage for convenient year-round access, and the sellers have a recent boundary survey available for review, helping simplify the building process.
This peaceful Old Florida setting is tucked into the far southwest corner of Flagler County, just 30 minutes from Palm Coast and Ormond Beach and less than 20 minutes from Bunnell. Opportunities to own one of the few remaining waterfront homesites on Lake Disston are becoming increasingly rare. This may truly be a once-in-a-lifetime opportunity to build your dream lakefront estate.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017