2962 D Road
About This Property
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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.
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 |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| Jul 1, 2025 | In contract | - | |
| In contract | |||
| Feb 25, 2025 | Listed by Douglas Elliman Wellington | $1,500,000 | |
| Listed by Douglas Elliman Wellington | |||
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Welcome to 2962 D Road, a premier 10-acre equestrian estate in Loxahatchee Groves, Florida. This property offers a rare opportunity to build your dream equestrian facility from the ground up. Previously home to a fully operational farm, the land is now cleared and ready for development, complete with well water and septic in place. Situated on a paved road for easy access, this spacious lot provides endless possibilities for custom barns, paddocks, and a residence tailored to your needs. Just minutes from Wellington's renowned equestrian venues, this property is perfect for those looking to create a top-tier equestrian estate in the heart of horse country. Don't miss this chance to design your ideal farm in a prime location!
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| Mar 23, 2023 | Sold | ||
| Sold | |||
| Jan 9, 2023 | Listed by Waterfront Properties & Club C | $1,350,000 | |
| Listed by Waterfront Properties & Club C | |||
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About Loxahatchee Groves
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$8,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017