Lot 2 Marthas Lane
About This Property
Spanning 59' x 110', this lot's blank canvas offers a pristine opportunity to build your dream beach retreat. Its ideal location and easy proximity to beach access make for a fitting local to plant roots for your beach home or investment property. Located just a 5-minute walk from the public beach access, you'll enjoy effortless days in the sun, sand, and surf. Plus, you're only a 3-minute drive to the heart of 30A's iconic Gulf Place, known for its dynamic mix of shopping, entertainment, and eateries-including the ever-popular Shunk Gulley Oyster Bar. Gulf Place is a vibrant, beachside community located along Scenic Highway 30A. Known for its laid-back charm and colorful coastal architecture, Gulf Place offers a unique blend of boutique shopping, casual dining, local art, and live entertainmentall steps from the beach. It's home to several beloved local establishments, including the ever-popular Shunk Gulley, a go-to spot for fresh seafood, Gulf views, and live music. Other favorites, like Pizza by the Sea and Papa Surf, make it a great place for everything from brunch to a date night. Don't miss this rare chance to invest in lifestyle and location in a thriving area with both tranquility and convenience at your fingertips - before it's gone.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 30, 2025 | Sold | ||
| Sold | |||
| Sep 30, 2025 | In contract | - | |
| In contract | |||
| Aug 3, 2025 | Listed by Christies International Real Estate Emerald Coast | $750,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
| Jun 5, 2025 | Price Decreased |
$770,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Jun 4, 2025 | Price Decreased |
$775,000
↓ $15K
(1.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017