5 ROLLINS DRIVE
About This Property
Rich with coastal charm, this home captures the essence of Old Florida living in the Hammock-where ocean breezes flow through multiple sun-drenched decks, and every space invites you to relax, unwind, and soak in the laid-back beach lifestyle. This warm and inviting 3-bedroom, 2.5-bath elevated home features a 4th flex room currently used as a guest room and office. With 2,098 sq ft of living space, it's perfect as a full-time residence, vacation getaway, or investment property. Since 2021, the major systems-including roof, HVAC, and water heater-have been replaced, along with new flooring, a whole-house water softener, and many other updates and upgrades. The gorgeous new kitchen boasts custom cabinetry, stainless steel appliances, and quartz countertops. The main level includes the primary suite with walk-in closet and updated bath, living and dining rooms, screened balcony, and the versatile 4th room. Upstairs offers a family room/den with office space, two bedrooms, a full bath, and a sun deck. Elevated design provides abundant parking, a covered golf cart alcove, large workshop/storage room, and fenced yard. Perfectly situated just 20 minutes from historic St. Augustine, central between Jacksonville and Orlando, and close to all that Palm Coast and Flagler Beach have to offer, this home also puts the Daytona airport just 30 minutes away-making quick getaways a breeze. A location this convenient, paired with the timeless beauty of the Hammock, is truly hard to find. Vacant lot directly behind the house is listed for sale separately providing opportunity for large private lot.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 16, 2026 | Sold | ||
| Sold | |||
| Mar 8, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Price Decreased |
$699,000
↓ $51K
(6.8%) | |
| Price Decreased | |||
| Nov 19, 2025 | Price Decreased |
$750,000
↓ $20K
(2.6%) | |
| Price Decreased | |||
| Nov 10, 2025 | Price Decreased |
$770,000
↓ $80K
(9.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017