3950 NE Joes Point Road
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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%.
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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 |
|---|---|---|---|
| Mar 25, 2024 | Sold | ||
| Sold | |||
| Jul 28, 2023 | Listed by Portside Real Estate Services | $2,295,000 | |
| Listed by Portside Real Estate Services | |||
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Rare Offering- Exclusive, Waterfront Neighborhood On Hutchinson Island. Joes Point is a beach and boater's paradise. An intimate (50 homes), upscale gated community has private access to the beach and the Indian River Lagoon. This stunning home features high end finishes, deluxe appliances, a great room, 10' coffered ceilings, enormous owners' suite and a chef's kitchen complete with a walk-In pantry. A perfect home for entertaining family and friends. This custom built waterfront home includes a boat slip w/ a 12K lbs lift and electric, water & prep area. A beautiful 2019 home that was built to last. The pre-installed elevator shaft is worry-free multi level living! Peace of mind with solid concrete construction, standing seam metal roof, Cat 4 Windows & Doors, 22 KW generator and a 2.5 Car Garage equipped w/ 220V EV charging outlet. Casually elegant & naturally light & bright. Low HOA has boat/RV storage, tennis, beach cabana and even your homes water. Enjoy A Relaxed Florida Lifestyle.
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| Jul 17, 2023 | Listed by Engel & Volkers Stuart | $2,195,000 | |
| Listed by Engel & Volkers Stuart | |||
| Jun 16, 2017 | Sold | ||
| Sold | |||
| Aug 23, 2001 | Sold | ||
| Sold | |||
Property Highlights
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About South Hutchinson Island
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$3,850 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017