4580 NE 138TH TERRACE
About This Property
Looking for space, freedom, and flexibility? This 4.97-acre parcel on a paved road offers the ideal setting for your Florida country lifestyle. The property is already fenced with no-climb wire and three-board fencing, making it perfect for horses, livestock, hobby farming, or a private rural retreat. A healthy stand of grass is established, saving time and expense as you prepare to build.
With NO HOA and NO deed restrictions, you have the freedom to create the property you've been envisioning. Site-built and manufactured homes are allowed, offering flexibility whether you're planning a custom home, mini farm, equestrian property, or peaceful getaway.
Enjoy the charm of quiet country living with the convenience of paved road access, making daily travel easy while still providing privacy and space to spread out. Opportunities like this are becoming harder to find - nearly 5 acres of usable, fenced land ready for your plans.
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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 |
|---|---|---|---|
| Aug 28, 2026 | Price Decreased |
$195,000
↓ $15K
(7.1%) | |
| Price Decreased | |||
| Jul 9, 2026 | Price Decreased |
$209,900
↓ $17K
(7.5%) | |
| Price Decreased | |||
| Apr 7, 2026 | Listed by HARRIETT DOWNS REAL ESTATE LLC | $227,000 | |
| Listed by HARRIETT DOWNS REAL ESTATE LLC | |||
| Aug 15, 2002 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017