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282 BEACHWAY DRIVE
About This Property
Situated on an oversized 15,448 sq ft lot, this property boasts over 100 feet of direct freshwater canal frontage with access leading to Bird of Paradise Lake. Enjoy wide water views and unmatched privacy, with a vacant lot on one side and a setting that offers 360-degree seclusion-a rare find in Palm Coast. The property delivers a quiet, country-like feel while still being less than 10 minutes to shopping, dining, schools, and all major amenities.
Inside, the home features a true wood-burning fireplace, adding warmth and character rarely found in today's market. Outside, you'll find two additional storage sheds, providing ample space for tools, lawn equipment, or hobby use.
Whether you're looking for peaceful waterfront living, extra space, or a property with long-term upside, this is a standout opportunity that does not come around often.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017