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39 WHEELING LANE
About This Property
The screened back lanai is an extension of the living space, featuring an elevated swim spa where you can unwind year-round. The fully fenced backyard also includes a storage shed and room for pets, gardening, or entertaining. Recent improvements include a 2019 roof, 2023 solar installation, 2024 sliding glass doors, 2025 vinyl fencing, and a brand-new 2026 HVAC system. The solar system adds energy efficiency and the potential for monthly electric savings.
Located close to shopping, dining, parks, medical facilities, and Flagler Beach, this home offers the updates, flexibility, and outdoor space buyers are looking for. Come see it in person and discover how easily this home can fit the way you live.
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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 26, 2026 | Listed by Palm Group Realty, LLC | $374,000 | |
| Listed by Palm Group Realty, LLC | |||
| |||
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SOLAR SAVINGS, A BRAND-NEW 2026 HVAC, AND A PRIVATE FENCED BACKYARD make this Pine Lakes home one to see. Inside, natural light, vaulted ceilings, and a split-bedroom floor plan create an easy, functional layout, while the enclosed and air-conditioned bonus room adds valuable living space and is currently used as the main living area. Use it as a family room, home office, game room, gym, playroom, or media room.
The screened back lanai is an extension of the living space, featuring an elevated swim spa where you can unwind year-round. The fully fenced backyard also includes a storage shed and room for pets, gardening, or entertaining. Recent improvements include a 2019 roof, 2023 solar installation, 2024 sliding glass doors, 2025 vinyl fencing, and a brand-new 2026 HVAC system. The solar system adds energy efficiency and the potential for monthly electric savings. Located close to shopping, dining, parks, medical facilities, and Flagler Beach, this home offers the updates, flexibility, and outdoor space buyers are looking for. Come see it in person and discover how easily this home can fit the way you live.
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| May 29, 2026 | Relisted | $374,000 | |
| Relisted | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| May 8, 2026 | Listed by PALM GROUP REALTY LLC | $374,000 | |
| Listed by PALM GROUP REALTY LLC | |||
| Mar 9, 2022 | Sold | ||
| Sold | |||
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About Pine Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017