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Map
2841 JOHN ANDERSON DRIVE
About This Property
The Tomoka River Basin sits just west of this property. Just beyond, the mouth of the Tomoka River - a freshwater tributary that acts as a spawning ground for local gamefish and a rookery for migratory birds--provides a fabulous backdrop for a fishing excursion or a leisurely boat ride surrounded by Old Florida scenery and abundant wildlife. This rare homesite sits on the easterly side of "Ormond's Scenic Loop and Trail," a 34-mile drive that is an official Florida Scenic Highway and has received the designation of National Scenic Byway. Cyclists, car enthusiasts, motorcyclists and nature lovers come from all over to drive this slow-paced route through the picturesque Loop and this property is centered in the middle of the iconic drive. A short stroll to the ocean reveals a pristine stretch of beach with access from a dune walkover. The beach here is natural and limited access for tourists ensures no crowds. Walk for miles shell hunting and encounter sea turtle nests and shorebirds without the crowds of people, even on the busiest of weekends.
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 11, 2026 | In contract | - | |
| In contract | |||
| Jul 19, 2026 | Listed by ADAMS, CAMERON & CO., REALTORS | $590,000 | |
| Listed by ADAMS, CAMERON & CO., REALTORS | |||
| Jun 14, 2023 | Sold | ||
| Sold | |||
| May 2, 2023 | No longer available | - | |
| No longer available | |||
| Feb 1, 2023 | Price Decreased |
$499,900
↓ $25K
(4.8%) | |
| Price Decreased | |||
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About Ormond-by-the-Sea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017