39 CINNAMON BEACH WAY
About This Property
For the kids both big and small, just across the street is a lake front kiddie pool & splash zone, fitness center, game room and bistro grille/bar. Optional membership to the Hammock Beach Club unlocks access to championship golf, the spectacular fantasy pool complex, fitness, pickle ball, tennis and six additional dining venues. Adding even more value, Cinnamon Beach is the only neighborhood in Hammock Beach that allows short term vacation rentals of single-family homes making this homesite an outstanding choice for a luxury primary residence, vacation getaway, or investment property. There are only a few remaining lots before the opportunity to build your dream home and have it pay for itself will be gone. Call today for your personal tour of this beautiful community.
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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 |
|---|---|---|---|
| Oct 20, 2026 | Sold | ||
| Sold | |||
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Listed by MORRIS WILLIAMS REALTY | $325,000 | |
| Listed by MORRIS WILLIAMS REALTY | |||
| May 28, 2025 | Listed | $309,000 | |
| Listed | |||
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Wow! This Cinnamon Beach homesite is located in the private gated ocean front Community of Ocean Hammock. You will get incredible panoramic views of the famous Hammock Beach Jack Nicklaus Ocean Coarse and lakes beyond from the second and third floor of your newly constructed home. Enjoy ocean breezes all day long and marvel at the stunning sunsets and picturesque landscape. With no time limit to build, this premium lot is flat, cleared and ready to go. It is perfectly positioned to be near but not directly in front of the community crossover walkway. Just a short 5-minute walk and you will be on the beach where the community clubhouse is located. This amenity rich playground includes an ocean front pool, hot tub and bar with a dune’s walkover to your private sandy beach and sparkling ocean. For the kids both big and small just across the street is a lake front kiddie pool & splash zone, fitness center, game room and bistro grille/bar. An optional Hammock Beach Club membership is also available where you can enjoy golf, the fantasy pool complex and six additional dining options. Cinnamon Beach is unique since the HOA regulations allow short term rentals of single-family homes offering owners great rental opportunity. Either rent through a property management company or AirBnb. Here you may use the property for personal vacations and then rent the remainder of the time when not in personal use or, as many do, make this their full time personal residence. Cinnamon Beach is the ONLY neighborhood in Hammock Beach that allows single family home short-term rentals. There are only a few remaining lots before the opportunity to build your dream home and have it pay for itself will be gone. Call today for your personal tour of this beautiful community.
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| Jan 3, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017