343 PESCADO Drive
About This Property
Located just outside of the city gate of historic St. Augustin, Madeira encompasses 1,006 acres including over 600 acres of unspoiled marsh wetlands, a tidal creek, numerous lakes and preserved natural areas laced with ancient live oaks and blossoming magnolias. A kayak launch site and a fishing pier are in construction within the community. 5 minutes to St Augustine downtown for history, fine dining, golf and arts; 10 minutes to the beautiful Atlantic ocean beaches and scenic A1A road; 30 minutes to Jacksonville with access to the world-class healthcare facilities like the Mayo Clinic and MD Anderson Cancer Center; 90 min to Orlando for endless entertainment options.
Quiet neighborhood with an abundance of wildlife and manicured grounds throughout the community. Miles of sidewalks for walk/biking around the lakes, a clubhouse, fitness center, lap pool and meeting/party rooms. The low HOA dues covers phone, TV cable, and high-speed internet, amenity center and security gate, making it an excellent value.
Don't miss the opportunity to own the last home in the mature phase 1 Madeira development. Phase 2 homes come with downgraded 55 feet wide lots and shared mailboxes and phase 3 properties are priced way above $1 million, making this home an unique and valuable find.
Additional highlights of this remarkable property include:
1. Lightning-fast gigabit fiber optic internet.
2. Meticulous attention to energy efficiency: featuring Energy Star-rated appliances, low-E value double-pane windows and doors, a tankless gas water heater, and attic spray foam insulation for superior energy efficiency.
3. Ample storage space in the attic above the 3-car garage.
4. A complete automatic irrigation system that covers the entire yard.
5. Smart home capabilities such as a video doorbell/monitor, a smart oven connected to Wi-Fi, and smart under-cabinet and kitchen accent lights that change colors to match your music or mood. Plus, a smart garage door opener that enables remote control and monitoring via a phone app.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 6, 2023 | Sold | ||
| Sold | |||
| May 30, 2023 | Sold | ||
| Sold | |||
| Apr 14, 2023 | Listed by PREMIER HOMES REALTY INC | $654,000 | |
| Listed by PREMIER HOMES REALTY INC | |||
| Jan 17, 2023 | Listed by PREMIER HOMES REALTY INC | $659,000 | |
| Listed by PREMIER HOMES REALTY INC | |||
| Oct 15, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017