43
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251 MAJORCA Road
About This Property
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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 12, 2026 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | $640,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | |||
| Nov 17, 2024 | No longer available | - | |
| No longer available | |||
| Sep 5, 2024 | Price Decreased |
$649,000
↓ $50K
(7.2%) | |
| Price Decreased | |||
| May 22, 2024 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | $699,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | |||
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Embrace the Florida lifestyle with direct access to a navigable canal in your own backyard. Launch your boat, kayak, or paddleboard from the newly installed floating dock (2020) as you begin your day, or stroll to the beach via the neighborhood's deeded beach walkover. Revel in breathtaking sunsets from the recently constructed covered 12 x 14 deck (2020) or brand new upper deck while being serenaded by the gentle waves of the water. Entertaining is made easy in the open layout with a spacious island bar, gourmet kitchen boasting a gas range, & double oven. The home features 9' ceilings adorned with crown moldings, newer remote-controlled ceiling fans, & recessed lighting.
The home also offers a 12 x 24 workshop with power, window A/C, overhead door, & an 8 x 10 shed for beach toys, boating items, & fishing gear. Treasure Beach is a neighborhood free from HOA restrictions, allowing short-term vacation rentals by St. Johns County regulations. The home is being sold furnished!
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| May 31, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017