385 VILLAGE Drive
About This Property
Nestled between the ocean and intracoastal, you will find so much to offer in this beautiful coastal community. This ideal location is minutes away from Historic Downtown St. Augustine, local shopping, and recreation. Come experience resort-style amenities including a heated indoor pool, outdoor pool, jacuzzi, fitness center, lighted tennis courts, pickleball court, and a walkover directly to the beach to watch the sunrise over the Atlantic Ocean from the cabana, or enjoy a stroll on the gorgeous beaches of Vilano. This gated community is truly one of a kind, with deep water Marina access that provides a perfect location to launch and store boats up to 45 feet. Additionally, there is leasable storage parking for boats and RVs on the premise. Perfect property for a second home or for the avid traveler as lawn care and irrigation are included in the HOA fees. Enjoy true Florida living in this beautiful home in the desirable community of Villages of Vilano.
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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 |
|---|---|---|---|
| Jun 14, 2021 | Sold | ||
| Sold | |||
| May 7, 2021 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $467,900 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
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About Villano Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017