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3940 Stabile Road
About This Property
The property is partly wooded and has Pine and Melaleuca trees along the waterfront, which will need to be cleared prior to development.
Important: On this property there are several Gopher Tortoise burrows, not clear how many are occupied. These are protected species, however the possibility to relocate these precious burrow-dwellers exists and has to be done by a state certified and approved environmentalist. Being aware that this will necessitate extra permits and effort, the owner also provides an allowance of $30,000.00 for such services. The time to do this may be used to plan your future residence on lovely Pine Island. This is a rare opporunity in many ways. Don't wait! Now, survey available too!
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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 |
|---|---|---|---|
| Sep 22, 2026 | Listed by Florida Real Estate Connection | $289,900 | |
| Listed by Florida Real Estate Connection | |||
| Aug 1, 2025 | No longer available | - | |
| No longer available | |||
| Aug 24, 2023 | Listed by William Raveis Real Estate | $199,000 | |
| Listed by William Raveis Real Estate | |||
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1 acre lot on South Pine Island. Build your dream home, several homes or whatever the code allows. With the creek behind the lot and the proximity to St James City this is the perfect location for a relaxed vacation home or a vacation rental or whatever you have in mind.
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About St. James City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017