28 COBALT Lane
About This Property
Upon entry, you are greeted by a spacious flex room ideal for a formal dining space, home office, playroom, or additional sitting area. The stunning kitchen serves as the heart of the home featuring an oversized quartz island, stainless steel appliances, gas range, abundant cabinetry, walk-in pantry, and beautiful finishes that effortlessly flow into the expansive great room.
The inviting living space is enhanced by a custom shiplap feature wall with floating wood shelves, built-in cabinetry, and a sleek linear fireplace creating the perfect blend of warmth and modern design. Large sliding glass doors lead to your covered and screened lanai overlooking the oversized backyard -- an ideal setting for entertaining, relaxing, or enjoying Florida living year-round.
The expansive primary suite is truly a retreat featuring a spa-inspired ensuite bathroom complete with dual vanities, soaking tub, separate walk-in shower, and an impressive oversized walk-in closet with built-in safe. The secondary bedrooms are privately tucked away in their own wing of the home with an additional bonus/flex room in between -- perfect for a kids' retreat, TV room, homeschool space, play area, or secondary office. The possibilities truly abound.
Additional highlights include wood-look tile flooring throughout main living areas, upgraded lighting, custom barn door detail, drop-zone mud bench, spacious laundry room, and abundant storage throughout.
Located in award-winning Shearwater, residents enjoy resort-style amenities including pools, lazy river, waterslide, fitness center, tennis courts, walking trails, playgrounds, dog parks, zip line park, community garden, kayak launch, and access to top-rated St. Johns County schools. This is the perfect opportunity to enjoy luxury, functionality, and lifestyle all in one exceptional home.
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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 |
|---|---|---|---|
| May 18, 2026 | Listed by CASTILLO REAL ESTATE JAX | $540,000 | |
| Listed by CASTILLO REAL ESTATE JAX | |||
| Mar 2, 2022 | Sold | ||
| Sold | |||
| Jan 11, 2022 | Listed by CASTILLO REAL ESTATE JAX | $525,000 | |
| Listed by CASTILLO REAL ESTATE JAX | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017