47 LEE Drive
About This Property
Voted Best! Our fine town is unique as the oldest inhabited city in the USA. We are visited by thousands of people from all over the world who save to come here. Ocean Walk is one of the most sought after neighborhoods in St Augustine! The 91X110 lot has been cleared so you can truly feel and see the potential. possibilities for building your dream home. The sellers have a Tree topography survey and it is included in the sale. The homes in the neighborhood vary from 1500 sqft to well over 400sqft. It is a great
place to call home! Regarding the drainage plan, it is now mandatory for any new build to have a drainage plan approved by
Joe Howell ([email protected]). He doesn't need it to be complicated or done by an engineer, just simply draw arrows on the site plan showing how and where the water will be dispersed (gutters/roof angels). They don't expect a new build to fix any existing issues, they simply don't want the new build to add to an issue. He preferred emails so he could forward the
approved plan, once agreed upon, to the building dept so it would be part of the permitting process. Item Cost Permitting $2200-4200 Imapct Fees $14,000.00 Sewer/Tap $2,473.00 Water Tap $2,713.00 Fill Site $1,000.00 Soil Treatment $325.00
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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%.
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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 5, 2019 | Sold | ||
| Sold | |||
| Mar 6, 2018 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $200,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
| Sep 12, 2016 | Sold | ||
| Sold | |||
| Apr 28, 2016 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $165,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
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This lot is located in a great quiet neighborhood close to the beach. One of the last lots on the island. Perfect place to build your dream home! Within walking distance to the pier, great shops, the Wednesday Farmers market and area restaurants.
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| Oct 22, 2015 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $165,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
Property Highlights
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About St. Augustine Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017