3109 MERION Drive
About This Property
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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 |
|---|---|---|---|
| Aug 22, 2024 | Sold | ||
| Sold | |||
| Aug 5, 2024 | Listed by Florida Sales Realty | $997,000 | |
| Listed by Florida Sales Realty | |||
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Premier location and the perfect canvas for your dream home on this estate size lot in the double gated exclusive community of Burnt Pine in Sandestin Golf and Beach Resort. Situated in one of the most sought-after neighborhoods at the beach, this wooded, ½ acre lot presents a rare opportunity to create a custom residence tailored to your desires. Embrace the Sandestin lifestyle with access to pools, multiple golf courses, tennis & pickleball courts, bike/golf cart paths, for endless recreation and relaxation. Enjoy the convenience of living in a golf cart community, with easy access to Baytowne Wharf, gulf beaches, plus dining and shopping options.
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| Feb 1, 2024 | Sold | ||
| Sold | |||
| Dec 7, 2020 | Sold | ||
| Sold | |||
| Jul 7, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017