1947 N OCEAN SHORE Boulevard
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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%.
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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 |
|---|---|---|---|
| Jul 3, 2023 | Sold | ||
| Sold | |||
| May 18, 2023 | Listed by PALM WAVE REALTY | $499,000 | |
| Listed by PALM WAVE REALTY | |||
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Beautiful ocean front lot with the additional littoral rights of ownership across the street for your private walkover. 2 deeds would be issued for both the main buildable lot, and the walkover lot. A rare opportunity to own a direct AIA unobstructed ocean view lot with the property directly on the ocean. Just steps to wonderful restaurants and great local shopping. Flagler Beach is a charming, unique beach town and offers multiple first class builders to build your dream home. Lovely and easy scenic drive to historic St Augustine or world famous Daytona Beach. The county offers beautiful parks and boating opportunities. Flagler Beach has a great boat launch. This lot is one of a kind lot, a must see!
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| Jun 15, 2022 | Listed by PALM WAVE REALTY | $549,500 | |
| Listed by PALM WAVE REALTY | |||
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Beautiful ocean front lot with the additional littoral rights of ownership. A rare opportunity to own an AIA lot and the property on the ocean. Just steps to wonderful restaurants and great local shopping. Flagler Beach is a charming, unique beach town. Flagler Beach offers multiple first class builders to build your dream home. Lovely and easy scenic drive to historic St Augustine or World Famous Daytona Beach. The county offers beautiful parks and boating opportunities. The town has a great boat launch. Flagler Beach is a one of a kind beach town, a must see!
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About Flagler Beach
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Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1228125
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