486 Ponce De Leon RD
About This Property
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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 |
|---|---|---|---|
| Jun 12, 2025 | Price Decreased |
$395,000
↓ $30K
(7.1%) | |
| Price Decreased | |||
| Aug 2, 2024 | Listed | $425,000 | |
| Listed | |||
| | |||
|
Now is the time to buy your own slice of PARADISE in Sanibel Island! Don't miss the amazing drone footage in the tour link! This .74 ACRE MOL, BUILDABLE property is SIX LOTS combined creating a BEAUTIFUL WOODED, CORNER LOT in a friendly, quiet neighborhood tucked away off of the main road. This area still has the charm of old Sanibel with the sun-bleached, crushed-shell roads preferred by the locals and is dotted with beautiful custom homes that enjoy exclusive privacy with the island life so nearby. Better yet, this lot has already gone through extensive permitting, plan review and approval with the City of Sanibel. See surveys, inspections, reviews and plans for pictured renderings that are available by Jennifer Garcia Architectural Studios, LLC on the MySanibel portal. So much of the labor is already done for you so this lot is ready for your dream home to be built! Close to Jerry’s Market and Café, fabulous restaurants like Traders and Doc Ford’s and the pristine Gulfside City Beach Park (known as Algiers Beach locally) that you will have endless things to do on lazy, breezy, tropical days filled with sunshine and shells. Speaking of shells – Sanibel is also home to the National Shell Museum and Aquarium and endless art galleries, quaint shops and parks. You won’t find a single red-light on this low-key island so hop on a bike and hit the 25 miles of bike trails and find your favorite spot on the 15 miles of sandy beaches! Nature lovers will never tire of the island that boasts over 50 types of fish, 230 types of birds and 250 kinds of shells! The island is building and planning for a stronger future than ever before. Prices are likely to skyrocket with all of the new redevelopment. Buy your own oasis today so you can be a part of Sanibel’s sunny future! Or invest in the future potential of this unique property on this one-of-a-kind vacation destination island!
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 11, 2020 | In contract | - | |
| In contract | |||
| Apr 7, 2020 | Price Decreased |
$219,000
↓ $4K
(1.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017