307 DONA DRIVE
About This Property
With approximately 380 feet of combined waterfront, this oversized parcel provides
outstanding scale, privacy, and flexibility for a custom residence, guest accommodations, pool and resort-style outdoor living.
A unique highlight is the existing grandfathered boat slip structure on the Dona Bay side. While currently in basic condition, the structure may give potential for a covered boat slip configuration, subject to buyer verification of all regulations and requirements-an increasingly rare advantage for waterfront properties.
Ideal for boating enthusiasts, the property gives direct water access and the opportunity to create a true waterfront lifestyle. Its size and configuration allow for a thoughtfully designed homesite that maximizes views, outdoor space, and privacy.
Conveniently located just minutes from Gulf beaches, dining, and amenities, this property combines seclusion with accessibility in one of the area's most desirable coastal locations.
Nearly one acre with dual waterfront exposure and an existing boat slip structure is a rare offering.
Buyers are encouraged to verify all details and possibilities.
This is a unique opportunity to secure a premium waterfront homesite with long-term upside.
$990,000
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017