3650 JOE ASHTON Road
About This Property
The property borders Six Mile Creek, a navigable tributary that flows directly into the St Johns River, offering rare deep-water access. Just down the road, the rebuilt Outback Crabshack has reopened on Six Mile Creek with an expanded dock accommodating up to 100 boats reestablishing the area as a destination for waterfront dining, boating, and local growth. Combined with continued road and infrastructure investment throughout St Johns County, this corridor is seeing renewed momentum. Land this size, with buildable uplands, navigable creek frontage, and utilities already in place, is increasingly rare. Don't miss this chance to secure a versatile, well-positioned waterfront-adjacent acreage holding in one of Northeast Florida's most sought-after growth corridors!
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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 31, 2026 | Sold | ||
| Sold | |||
| Aug 23, 2026 | In contract | - | |
| In contract | |||
| Aug 12, 2026 | Listed by KELLER WILLIAMS ST JOHNS | $500,000 | |
| Listed by KELLER WILLIAMS ST JOHNS | |||
| Oct 10, 2023 | Sold | ||
| Sold | |||
| Sep 14, 2023 | Listed by KELLER WILLIAMS ST JOHNS | $449,000 | |
| Listed by KELLER WILLIAMS ST JOHNS | |||
Property Highlights
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017