Lot 2 Allen Loop Drive
About This Property
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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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Mar 16, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2025 | Listed by Sea Haus Realty | $425,000 | |
| Listed by Sea Haus Realty | |||
| May 10, 2025 | Listed | $475,000 | |
| Listed | |||
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Rare Opportunity in Dune Allen! This exceptional 0.34-acre parcel in Santa Rosa Beach comes with State Environmental Resource Permits valid through October 18, 2028, fully paid wetland mitigation credits, and a completed soil study—all paving the way for a faster build of your coastal dream home. Ideally positioned near the Gulf of Mexico and picturesque Oyster Lake, this lot offers both convenience and natural beauty. A brand-new public beach access is also in the works, adding even more value. Located in a non-HOA area, this property is perfect for a primary residence, vacation home, or investment. Short term rentals are allowed. Don't miss your chance to build in one of 30A's most desirable locations!
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| Jan 29, 2025 | Listed | $525,000 | |
| Listed | |||
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State environmental permits, valid until October 18, 2028, and wetland remediation credits are already approved and paid for on this extraordinary 0.34-acre parcel in Dune Allen, Santa Rosa Beach. With the Environmental Resource Permit, secured wetland mitigation credits, and completed soil test study, you can fast-track your coastal dream retreat. Ideally located just minutes from the Gulf of Mexico and serene Oyster Lake, and with a new public beach access coming soon, this prime spot offers nature's beauty at your doorstep. No HOA, with some deed restrictions. This property would make a perfect primary residence or investment opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017