4447 CEDAR Road
About This Property
Opportunities like this don't come often. This beautiful lakefront home sits directly on Doctors Lake with navigable access to the St. Johns River and the ocean, offering the lifestyle so many dream about but rarely find within reach. With a roof just 3 years old and over 2,000 square feet of living space, this property is brimming with potential and ready for someone to bring their vision to life.
The thoughtfully designed 3-bedroom, 2-bath layout provides the perfect canvas to create your ideal waterfront retreat. Picture refreshed kitchens and baths, a soft coastal palette, and light-filled living spaces that frame the water from multiple angles. Whether you imagine a serene primary suite with water views, flexible guest or home-office spaces, or an open layout designed for entertaining, this home delivers the foundation to make it happen. A secure safe room with concrete walls and a built-in safe door adds an extra layer of peace of mind.
Outside is where this property truly shines. You'll find over 70 feet of concrete bulkhead, a well-built dock, and direct water access navigable to the ocean. A workshop located on the side of the home with a garage door to make it easy to come in and out with large equipment or work with the door open to the view. This is more than a backyard. It's a gateway to boating, fishing, sunset cruises, and a lifestyle where the water is always within reach.
At this price point, you have the freedom to invest in the updates you've been dreaming of while still enjoying the unbeatable waterfront lifestyle. This is the perfect canvas for your coastal dream. Lakefront living with endless possibilities on Doctors Lake.
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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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Feb 24, 2026 | In contract | - | |
| In contract | |||
| Jan 29, 2026 | Price Decreased |
$699,000
↓ $51K
(6.8%) | |
| Price Decreased | |||
| Nov 28, 2025 | Price Decreased |
$750,000
↓ $29K
(3.7%) | |
| Price Decreased | |||
| Oct 25, 2025 | Listed by KELLER WILLIAMS ST JOHNS | $779,000 | |
| Listed by KELLER WILLIAMS ST JOHNS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017