3296 KINGS Road S
About This Property
At 1,757 square feet of living space and approximately 3,200 square feet under roof, the home lives larger than its footprint, with 10-foot ceilings throughout and an outdoor footprint that nearly doubles the indoor one. Full tile floors run throughout -- no carpet anywhere (extra tile included). The fireplace anchors the main living area, which flows into an updated kitchen with quartz countertops.
Two sets of 8' x 8' sliders -- one in the living room, one in the master bedroom -- open onto a 10' x 30' covered porch with soaring 12-foot ceilings. A second covered porch sits at the front. Both extend the home's livable footprint year-round in a Florida climate. Major systems are squared away. New roof (one year), with AC and water heater updated within the last five years. The home is also served by a well and five-zone irrigation system, keeping the lawn green without burning through utility costs.
Outside, a large 0.54-acre lot stretches behind a slatted fence the owner installed himself so the deer from the wooded area beyond stay in view. The property line continues roughly 40 feet past the fence, leaving room to expand the yard or simply enjoy the natural buffer. A 12' x 28' boat garage joins the standard two-car, and the community pool sits just behind the backyard.
Oak Brook is a private, gated community with one of the most stable HOAs anywhere -- capped by community vote at a $10 maximum annual increase. In 21 years, dues have moved only from $50 to $90 per month, covering private road repaving, the gate, insurance, the pool, tennis and pickleball courts, and the community park. Located in a top-rated St. Johns County school zone, with historic St. Augustine, Florida's oldest city, a short drive in one direction and Atlantic beaches the other.
Custom-designed, single-owner homes like this rarely come to market -- and when they do, they come with a story. The first owner designed every inch of it and gave it twenty-one years of love and care. Now it's ready for the next owner to pick up where the first left off -- to make it their home, and carry that forward.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017