80
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47 Nettles Boulevard
About This Property
Located on Nettles Island, a guard-gated river community across the street from the Atlantic Ocean. Nettles Island offers so many fun activities, including two heated swimming pools-one on the ocean with beach access-tennis, pickleball, horseshoes, line dancing at the beach, a large clubhouse, fitness room, cafe, games for the entire family, library, church services, and over 40 different clubs. Come live the Florida lifestyle you have always dreamed of!
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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 21, 2026 | Listed by Hutchinson Island Real Estate | $525,000 | |
| Listed by Hutchinson Island Real Estate | |||
| Oct 25, 2021 | Sold | ||
| Sold | |||
| Jun 3, 2021 | Listed by Hutchinson Island Real Estate | $350,000 | |
| Listed by Hutchinson Island Real Estate | |||
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WELCOME TO PARADISE~~~ WATER, WATER EVERYWHERE~~~WATERFRONT~~ ALL PAVER STONED LOT ON THE INTRA COASTAL WATERWAY OF THE INDIAN RIVER THAT LEADS TO THE INLETS OF THE OCEAN NORTH AND SOUTH. ENJOY BEAUTIFUL WIDE WATER VIEWS, WATCH THE DOLPHINS & MANETTES PLAY AND FISH FROM YOUR OWN BACKYARD. ONE COULD EASILY BUILD A DOCK WITH A BOATLIFT AND STEP INTO YOUR BOAT ~~~ BE AT THE OCEAN IN MINUTES! LOCATED ON NETTLES ISLAND A GUARD GATED RIVER COMMUNITY ACROSS THE STREET FROM THE ATLANTIC OCEAN. NETTLES ISLAND HAS SO MANY FUN THINGS TO DO, 2 HEATED SWIMMING POOLS ONE ON THE OCEAN WITH BEACH ACCESS, TENNIS, PICKLE BALL, HORSE SHOES, LINE DANCING AT THE BEACH CABANA WITH SANDY, A LARGE CLUBHOUSE, WORK OUT ROOM, CAFE', GAMES FOR THE ENTIRE FAMILY, LIBRARY, CHURCH SERVICES, OVER 40 DIFFERENT CLUBS AND SO MUCH MORE. COME LIVE THE FLORIDA LIFESTYLE YOU HAVE ALWAYS DREAMED OF.
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Property Highlights
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About South Hutchinson Island
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Last Updated: 27 days ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20056909
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