2525 SE 31st STREET
About This Property
Charming Waterfront Home with Direct Lake Okeechobee Access
Nestled on the serene waterfront with direct access to Lake Okeechobee, this delightful 3-bedroom, 2-bathroom home offers the perfect blend of comfort and convenience. Enjoy seamless boating experiences with no fixed bridges, a private boat house, boat lift, and a fish cleaning station. The property also features a spacious workshop or tack room, ideal for hobbies or storage.
Relax and take in the picturesque views from the wrap-around porch or the expansive Florida room overlooking the water. The interior boasts a generous split floor plan, providing plenty of room for family and guests. While the home could use some updates, it presents an excellent opportunity to customize to your tastes. Additional amenities include a carport and ample outdoor space.
Don't miss this unique opportunity to own a piece of waterfront paradise!
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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 |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| May 23, 2024 | In contract | - | |
| In contract | |||
| May 20, 2024 | Listed by RED GATOR REAL ESTATE | $275,000 | |
| Listed by RED GATOR REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017