40 ATLANTIC PLACE
About This Property
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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 26, 2026 | Price Increased |
$359,000
↑ $10K
(2.9%) | |
| Price Increased | |||
| Apr 2, 2026 | Listed by COASTAL GATEWAY REAL ESTATE GR | $349,000 | |
| Listed by COASTAL GATEWAY REAL ESTATE GR | |||
| Oct 20, 2025 | Listed | $349,000 | |
| Listed | |||
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Design Your Coastal Dream Home in the Prestigious Ocean Hammock Community! Discover the perfect canvas for your custom-built home in one of Palm Coast’s most coveted gated communities—Ocean Hammock. This nearly quarter-acre homesite offers 70 feet of peaceful lake frontage, where tranquil water views and gentle ocean breezes set the tone for relaxed coastal living. Nestled within a private, guard-gated enclave, this lot combines security, serenity, and sophistication. With a lush preserve directly across the street, you’ll enjoy added privacy and the assurance of no future development. An 8-foot easement from the neighboring property provides flexibility for a more spacious home design, and established utilities simplify the build process—so you can start bringing your vision to life with ease. Just minutes from the Atlantic shoreline, residents of Ocean Hammock enjoy an unmatched coastal lifestyle with easy access to pristine beaches, world-class golf, and upscale amenities. Whether you’re envisioning a full-time residence or a luxury vacation retreat, this property offers the rare opportunity to create a home that truly reflects your style and aspirations. Don’t miss this chance to own a piece of paradise in the prestigious Ocean Hammock community. Schedule your private viewing today and begin building the coastal life you’ve always imagined.
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| Jul 27, 2022 | No longer available | - | |
| No longer available | |||
| Jan 26, 2022 | Listed by WEICHERT REALTORS HALLMARK PROPERTIES | $329,000 | |
| Listed by WEICHERT REALTORS HALLMARK PROPERTIES | |||
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EXCITING SITE FOR YOUR DREAM HOME With a little imagination you can create the beautiful home of your dreams on this slice of paradise. Located on a peaceful cul-de-sac street located within the prestigious Ocean Hammock; a gated community offering membership at the Ocean Hammock Club featuring the Jack Nicklaus designed course and the beautiful clubhouse with world class amenities and dining options where you can bring your guests and make new friends. At the end of the day, enjoy a beautiful sunset reflecting off of the pond located right behind your forever home in paradise.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017