213 PINE AVENUE
About This Property
Discover the potential of this 7,500 sq. ft. vacant lot in the established Pines Subdivision of Edgewater, FL. Nestled among existing homes with no HOA, this property offers a great opportunity to build your primary residence, vacation home, or investment property. Public utilities are available, adding to the convenience of development. Enjoy a central location just minutes from the Indian River, public boat ramps, parks, shopping, restaurants, and the beautiful beaches of New Smyrna Beach, while maintaining easy access to US-1 and I-95. A great combination of location, flexibility, and future potential awaits. Listing is for land only and comes As Is.
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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 |
|---|---|---|---|
| Sep 26, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Price Decreased |
$39,999
↓ $2K
(4.8%) | |
| Price Decreased | |||
| Sep 3, 2026 | Price Decreased |
$41,999
↓ $2K
(4.6%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$43,999
↓ $1K
(2.2%) | |
| Price Decreased | |||
| Aug 19, 2026 | Price Decreased |
$44,999
↓ $2K
(4.3%) | |
| Price Decreased | |||
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About Pines
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$4,500 /mo
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$1,600 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017