299 CYPHERS Way
About This Property
nestled in an old growth pine forest with direct views of the lake. The building site is ready to go! This location has an extremely rural feel but only 15
mins to Downtown and shopping. Description: The property is very private and secluded with: • 10 vacant acres to the north (approx) • Large lake to the
east • Large home private tracks to the South • I-95 to the west Features: • FPL convert underground line • 25x25 Quonset Hut open workshop •
Winding trail through trees • Cypress pond • Beautiful trees & plants **Cyphers way is an unpaved road not maintained by the county.***Listing agent is an owner***
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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.
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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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| Oct 22, 2024 | Listed by BERKSHIRE HATHAWAY HOMESERVICE | $200,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICE | |||
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This gorgeous 2-acre waterfront lot is ready for its new owner! Actually, this is so much more than a lot – it’s an extraordinary retreat and the perfect place for a dream home! Located in the Deerwood Acres community off Hwy 214, this lakefront beauty looks and feels like a vacation compound. The entrance to this private and tranquil treasure is a 2600 ft long grass and tree-lined drive. The building site has been cleared and is surrounded by a mature pine forest. The view of the pristine 5-acre lake is breathtaking. A large existing Quonset hut will be the perfect workshop before, during and after construction. So private, yet so close to everything! 1-95 is nearby and fabulous St. Augustine, with all its exciting offerings is just a few minutes away. Existing home rendering available to view upon request. Gate remains locked, so please request all showings through ShowingTime.
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| Apr 30, 2024 | Sold | ||
| Sold | |||
| Jan 18, 2024 | Listed by BEACH STATE REALTY | $199,900 | |
| Listed by BEACH STATE REALTY | |||
| Aug 8, 2023 | Listed by PREMIER HOMES REALTY INC | $214,000 | |
| Listed by PREMIER HOMES REALTY INC | |||
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2 Acre Waterfront lot with NO IMPACT FEE!
The property is located in Deerwood Acres neighborhood off 214. Your new dream home will be nestled in an old growth pine forest with direct views of the lake.
The building site is ready to go! This location has an extremely rural feel but only 15 mins to Downtown and shopping.
Description: The property is very private and secluded with:
• 10 vacant acres to the north (approx)
• Large lake to the east
• Large home private tracks to the South
• I-95 to the west
Features:
• FPL convert underground line
• 25x25 Quonset Hut open workshop
• Winding trail through trees
• Cypress pond
• Beautiful trees & plants
**Cyphers way is an unpaved road not maintained by the county.*** Features:
" FPL converted power: from overhead to underground.
" Workshop Installed: 25x25 Quanza Hut workshop with underground lines and power pole.
" Building Cite and driveway have been elevated by 3 feet.
" Winding golf Cart trails have been started around the property.
" Cypress pond with wood ducks and other wildlife.
" Majestic Clumping bamboo and eatable bananas are planted on the property.
" There is an old dock site on the lake. Across the lake you can see where neighbors have built outdoor eating and kitchen right on the water.
" The lake is full of bass bream crappie and bluegill and the forest is full of wildlife.
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Property Highlights
Building Info
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Price/ft²
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017