Lot 22 Devlieg Avenue
About This Property
The setting has a natural continuity that supports a refined layout, steady light, and long-term calm with no short term rentals disrupting the rhythm of the neighborhood.
The lot's shape and canopy allow a clean architectural line, a private outdoor living core, and a build that feels rooted rather than imposed. Proximity to 30A and the beaches adds function without sacrificing the quiet that defines the area.
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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 |
|---|---|---|---|
| Feb 6, 2026 | In contract | - | |
| In contract | |||
| Feb 5, 2026 | Sold | ||
| Sold | |||
| Dec 10, 2025 | Price Decreased |
$204,000
↓ $1K
(0.5%) | |
| Price Decreased | |||
| Nov 15, 2025 | Listed by The Premier Property Group | $205,000 | |
| Listed by The Premier Property Group | |||
| Dec 13, 2024 | Sold | ||
| Sold | |||
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Last Updated: 8 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 989732
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017