229 PELICAN REEF Drive
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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%.
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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.
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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 9, 2024 | Sold | ||
| Sold | |||
| Nov 20, 2023 | Listed by THOMPSON REALTY & DEVELOPMENT INC. | $593,000 | |
| Listed by THOMPSON REALTY & DEVELOPMENT INC. | |||
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This unique nearly 1 acre tidal creek lot in Yachtsman's Point at Pelican Reef has views all around and the added bonus of plenty of privacy. Lot price includes clearing, tree removal, 180 loads of dirt, soil compaction, engineering and soil boring tests. Lot is ready and will eliminate the need for pilings. Custom designed ARB approved plans for a well thought out 5 bedroom/5.5ba home with full guest suite that has panoramic marsh and lighthouse views have been designed and are available to convey with the lot purchase or to be built by the seller or bring your own builder. Save months of time on approvals and prep work and start building right away. Just a few houses away from the 2024 HGTV Dream Home that was just completed. See alternate spec house listing at mls1252127.
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| Oct 3, 2023 | Listed by THOMPSON REALTY & DEVELOPMENT INC. | $2,275,000 | |
| Listed by THOMPSON REALTY & DEVELOPMENT INC. | |||
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New Exclusive Custom Build on a nearly 1 acre tidal creek lot in Yachtsman's Point at Pelican Reef. This 2 story home with a contemporary flair and tons of outdoor living space including a a saltwater pool, optional spa and fire pit. This well thought out 4 bedroom/3.5ba home with OPTIONAL full guest suite has panoramic marsh and lighthouse views. A 22' boat slip with lift at the community marina on the intracoastal waterway is an option. Boat on over to the city marina, tie up and have dinner in historic downtown St. Augustine. This home is being built by Shoreland Home Builders where you will enjoy a truly custom experience with meticulous attention to detail. Just a few houses away from the 2024 HGTV Dream Home that was just completed. Choose your look and finishes. Bedroom 2 can be a bedroom with a closet or an office media room - your choice, and there are two more additional living spaces in the design. Have cars and toys? Not to worry. There are 3 garage spaces and 1 golf cart space in the garages so there is plenty of room for what you need. The build includes a raised foundation. Located on Anastasia Island in Historic St. Augustine, live in the best county with the best schools and bike to the beach at Anastasia State park, the farmers market or nearby restaurants and shops along the boulevard. Join the neighbors on the community dock for the 4th of July fireworks over the bay front. This is your opportunity to build new on an end lot with panoramic views in a gated neighborhood on coveted Anastasia Island. 1 golf cart space in the garages so there is plenty of room for what you need. The build includes a raised foundation. Located on Anastasia Island in Historic St. Augustine, live in the best county with the best schools and bike to the beach at Anastasia State park, the farmers market or nearby restaurants and shops along the boulevard. Join the neighbors on the community dock for the 4th of July fireworks over the bay front. This is your opportunity to build new on an end lot with panoramic views in a gated neighborhood on coveted Anastasia Island. See alternate lot listing at mls1258392.
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| Nov 12, 2022 | Listed by THOMPSON REALTY & DEVELOPMENT INC. | $593,000 | |
| Listed by THOMPSON REALTY & DEVELOPMENT INC. | |||
| Jun 30, 2022 | Listed by THOMPSON REALTY & DEVELOPMENT INC. | $2,925,000 | |
| Listed by THOMPSON REALTY & DEVELOPMENT INC. | |||
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Exclusive Custom Build on a nearly 1 acre tidal creek lot in Yachtsman's Point at Pelican Reef. This 2 story home with a contemporary flair comes with a saltwater pool and spa, fire pit and tons of outdoor living space including a 50' wide lanai!!! This well thought out 5 bedroom/4.5ba home with full guest suite has panoramic marsh and lighthouse views. A 22' boat slip with lift at the community marina on the intracoastal waterway is an option. Boat on over to the city marina, tie up and have dinner in historic downtown St. Augustine. With a total of 6773sf under roof and 4634sf heated and cooled this home is being built by Shoreland Home Builders where you will enjoy a truly custom experience with meticulous attention to detail. Choose your look and finishes. Bedroom 5 can be a bedroom .. ..
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About St. Augustine
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017