1960 RIVER ROAD
About This Property
Enjoy the best of Florida's Nature Coast with this 0.5-acre waterfront lot on the scenic Steinhatchee River. Featuring approximately 130 feet of river frontage, this property offers a fantastic setting for a custom home, vacation retreat, or investment property. Spend your days boating, fishing, kayaking, scalloping, or simply relaxing while taking in the peaceful river views. Septic is already on site (per seller), adding extra convenience for future development. Located just minutes from Steinhatchee's marinas, restaurants, and local shops, this property combines the tranquility of waterfront living with easy access to everything this popular coastal town has to offer. Listing is for land only and comes As Is. Street addresses can be for listing purposes only and vacant land will receive a true street address once improved.
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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 |
|---|---|---|---|
| Aug 12, 2026 | Price Decreased |
$59,999
↓ $5K
(7.7%) | |
| Price Decreased | |||
| Aug 6, 2026 | Price Decreased |
$64,999
↓ $5K
(7.1%) | |
| Price Decreased | |||
| Jul 30, 2026 | Price Decreased |
$69,999
↓ $5K
(6.7%) | |
| Price Decreased | |||
| Jul 21, 2026 | Listed by NEW ALLIANCE GROUP REALTY | $74,999 | |
| Listed by NEW ALLIANCE GROUP REALTY | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017