Tract L Naturewalk at Seagrove
About This Property
The CDD bond has been paid off. The developer has the opportunity to join the NatureWalk HOA. An exceptional play for an investor or builder looking for scale in a market with almost no remaining infill.
NatureWalk sits on 155 acres bordered by Point Washington State Forest, roughly a mile from the Seagrove public beach accesses and a short golf cart or bike ride to Seaside and WaterColor. WaterColor Crossings, with Publix, dining, and shopping, is minutes away. Residents enjoy The Gathering Place, a private amenity center with a zero-entry resort pool, heated lap pool, kiddie pool, hot tub, fire pit, grills, and playground, plus miles of nature trails and a seasonal beach shuttle.
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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 |
|---|---|---|---|
| Aug 30, 2026 | Listed by Compass | $1,600,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017