Lot 3 Cypress Drive
About This Property
The community offers 2 resort style pools, jetted spa, state of the Art fitness center, owners clubhouse, outdoor fireplace, recreational lawn area, tennis courts, walking trails and more. All in a gated community located on the south side of 30A with easy access to bike trails, shopping dining and entertainment. The community borders Topsl State park with easy access to the beautiful Gulf of Mexico beaches.
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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 |
|---|---|---|---|
| Mar 14, 2021 | No longer available | - | |
| No longer available | |||
| Feb 26, 2021 | Price Decreased |
$125,000
↓ $5K
(3.9%) | |
| Price Decreased | |||
| Oct 7, 2020 | Listed | $130,000 | |
| Listed | |||
| | |||
|
Tennis anyone! This lot is located only 3 lots away from the Tennis Courts. It's just waiting for you to build your dream home on so that you are located on the beautiful Emerald Coast. This lot is also owned by the owners of Lot 2 who will be listing their home as well and could purchase both together. Have a full time home and then have a vacation rental as well. You are just a short distance to the beach. This lot is in a Flood Zone X so you don't need to have flood insurance. Great opportunity don't miss out on one of the lowest priced lots in Cypress Dunes!
| |||
| May 14, 2019 | Sold | ||
| Sold | |||
| Apr 16, 2019 | No longer available | - | |
| No longer available | |||
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Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 819991
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017