3981 COASTAL Highway
About This Property
Your beautiful cedar-sided cottage is the perfect beach house get-a-way. Sitting just across the street from the sandy beaches of Vilano and North Beach with easy access to get you onto the sand in minutes. This house comes with two lots. The cottage sits on the second lot with the first lot beautifully landscaped right up to A1A. The house includes 2 owner suites, each with their own baths. Hardwood floors throughout. High ceilings accent the loft style bedroom open to the gathering area downstairs where a cozy fire that can help set the atmosphere for a romantic evening. There is a well laid out galley kitchen with all you need. The upstairs deck is large enough for cookouts and dinner parties. Close to Historical downtown Saint Augustine just 5 miles drive with a water taxi option that can be accessed from the Vilano pier. The possibility is here to build a second home or structure, add a pool, outdoor kitchen or just enjoy the outdoor living with the wind in your hair, the sun on your face and the sound of the waves.
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Cap Rate Calculator
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 8, 2024 | No longer available | - | |
| No longer available | |||
| Apr 6, 2024 | Listed by SVR REALTY, LLC. | $1,048,000 | |
| Listed by SVR REALTY, LLC. | |||
| Jan 26, 2024 | Listed by SVR REALTY, LLC. | $998,000 | |
| Listed by SVR REALTY, LLC. | |||
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Location, location, location: this beautiful cedar-sided cottage is the perfect beach house get-a-way. Sitting just across the street from the sandy beaches of Vilano and North Beach with easy access to get you onto the sand in minutes. This house comes with two lots. The cottage sits on the second lot with the first lot beautifully landscaped right up to A1A. The house includes 2 owner suites, each with their own baths. Hardwood floors throughout. High ceilings accent the loft style bedroom open to the gathering area downstairs where a cozy fire that can help set the atmosphere for a romantic evening. There is a well laid out galley kitchen with all you need. The upstairs deck is large enough for cookouts and dinner parties. More information below Close to Historical downtown Saint Augustine just 5 miles drive with a water taxi option that can be accessed from the Vilano pier. The possibility is here to build a second home or structure, add a pool, outdoor kitchen or just enjoy the outdoor living oasis with the wind in your hair, the sun on your face and the sound of the waves.
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| May 12, 2015 | Sold | ||
| Sold | |||
| Mar 31, 2015 | Listed by SVR REALTY, LLC. | $390,000 | |
| Listed by SVR REALTY, LLC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017