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3307 PINE TREE DRIVE
About This Property
The enclosed Florida room adds valuable flexible space for entertaining, relaxing, hobbies, or a home office, while the one-car garage provides additional storage and convenience. Out back, the fenced yard offers plenty of room to enjoy the Florida sunshine, create a garden, or design your own outdoor living space. A roofing permit was completed in 2022, adding another important improvement to the property.
Florida Shores is an established neighborhood with no HOA and convenient access to shopping, dining, parks, schools, boat ramps, and the Indian River Lagoon. New Smyrna Beach and its restaurants, entertainment, and beautiful beaches are just a short drive away. Updated, comfortable, and conveniently located, this home is ready for its next chapter.
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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 |
|---|---|---|---|
| Sep 28, 2026 | In contract | - | |
| In contract | |||
| Sep 9, 2026 | Price Decreased |
$274,900
↓ $10K
(3.5%) | |
| Price Decreased | |||
| Aug 21, 2026 | Listed by GLORY INTL. REAL ESTATE CO | $284,900 | |
| Listed by GLORY INTL. REAL ESTATE CO | |||
| Sep 2, 2022 | Sold | ||
| Sold | |||
| Dec 16, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017