45 CINNAMON BEACH WAY
About This Property
Located on prestigious Cinnamon Beach Way, this homesite places you just moments from the Atlantic Ocean and the incredible resort-style amenities that make Cinnamon Beach such a special place to call home. Design a custom residence that takes full advantage of the Florida coastal lifestyle-whether as a primary residence, second home, or vacation retreat.
Ownership in Cinnamon Beach includes access to an impressive collection of amenities, including a spectacular oceanfront pool and spa overlooking the Atlantic, lakeside family pool, clubhouse, fitness center, kids' splash area and game room, seasonal cafe/bar & grille, and private beach access. Miles of scenic walking and biking opportunities, championship golf nearby, and the beautiful cinnamon-colored sands of the Atlantic are all part of the lifestyle.
Cinnamon Beach is ideally situated in the heart of the Hammock, convenient to Flagler Beach, historic St. Augustine, restaurants, golf, boating, and outdoor recreation, while still offering the privacy and security of an exclusive gated community.
Vacant homesites in established oceanfront communities are increasingly difficult to find. Bring your builder, create the home you've envisioned, and start living the Cinnamon Beach lifestyle.
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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 | In contract | - | |
| In contract | |||
| Sep 19, 2026 | Listed by HAMMOCK REAL ESTATE GROUP | $335,000 | |
| Listed by HAMMOCK REAL ESTATE GROUP | |||
| Jul 24, 2013 | Sold | ||
| Sold | |||
| Jun 7, 2013 | Listed by HAMMOCK REAL ESTATE GROUP | $99,000 | |
| Listed by HAMMOCK REAL ESTATE GROUP | |||
| Apr 25, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017