2236 Old Jolly Bay Road
About This Property
Whether you have a boat, RV, work trailers, toys, or simply want room to spread out, this property delivers with double-gate rear access and plenty of usable outdoor space. Privacy and convenience all come together here in one incredible setting.
Location is another major advantage. Skip the Highway 20 traffic and enjoy quick access to everything the Emerald Coast lifestyle has to offer. You're just 5 minutes to Grady Brown Park with bay access, less than 20 minutes to the white sand beaches and shopping of 30A, and only 6 minutes north to Publix, restaurants, gyms, and everyday conveniences.
Inside, this move-in ready 4-bedroom, 2-bath home offers comfortable living with major system updates already completed for peace of mind, including a roof less than one year old, plus updated A/C, water heater, and plumbing all within the past five years. The private well and septic system also help keep monthly utility costs low with no city water bill.
Whether you're searching for a primary residence, a second home, investment opportunity, or even a temporary place to live while building your dream home, this property offers flexibility that is hard to match at this price point.
Properties offering this much land, privacy, freedom, and convenience rarely come available!
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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 |
|---|---|---|---|
| Sep 1, 2026 | Sold | ||
| Sold | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2026 | Price Decreased |
$239,000
↓ $10K
(4%) | |
| Price Decreased | |||
| Jul 26, 2026 | Price Decreased |
$249,000
↓ $10K
(3.9%) | |
| Price Decreased | |||
| Jul 16, 2026 | Price Decreased |
$259,000
↓ $6K
(2.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017