278 HARBOR Drive
About This Property
Unlock the potential at 278 Tapon Blvd! Priced well below retail value with tons of room for investor upside, this is the opportunity you've been waiting for. Whether you're looking for your next flip, rental, or value-add project, this property offers strong potential returns.
Located in a quiet area just a few hundred yards from the main St. Johns River and in a deep canal, this property brings added appeal for those seeking boating, fishing, and true Florida waterfront lifestyle access. Conveniently close to shopping and dining, the location supports both resale value and rental demand.
This fixer-upper is ready for your vision--bring your contractor and creativity. With the right updates, this property could truly shine. Opportunities like this don't come around often, especially at this price point.
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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 16, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| May 18, 2026 | Relisted | $190,000 | |
| Relisted | |||
| May 8, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Listed by MOMENTUM REALTY | $190,000 | |
| Listed by MOMENTUM REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017