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509 PENMAN Road
About This Property
Step inside to discover beautiful luxury vinyl plank flooring throughout, an open and inviting layout, and a designer-inspired kitchen featuring custom shaker-style cabinetry, quartz countertops, and stainless steel appliances. The home truly shows like a model.
The spacious, fully fenced backyard is perfect for entertaining, relaxing, or family gatherings, complete with a cozy fire pit and a brand-new sliding glass door that seamlessly connects indoor and outdoor living.
Location is everything, and this home delivers. Enjoy a quick 5-minute walk to the beach and easy access to local shopping, restaurants, and everyday conveniences just moments away. Neptune Beach is one of Northeast
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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 21, 2026 | Listed by KELLER WILLIAMS ST JOHNS | $685,000 | |
| Listed by KELLER WILLIAMS ST JOHNS | |||
| Jul 30, 2026 | Price Decreased |
$699,990
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Jul 22, 2026 | Price Decreased |
$705,000
↓ $15K
(2.1%) | |
| Price Decreased | |||
| Jul 9, 2026 | Price Decreased |
$720,000
↓ $15K
(2%) | |
| Price Decreased | |||
| Jun 17, 2026 | Listed by KELLER WILLIAMS ST JOHNS | $735,000 | |
| Listed by KELLER WILLIAMS ST JOHNS | |||
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Welcome to 509 Penman Road, a completely renovated Neptune Beach gem just a short walk from the ocean! This stunning home has been thoughtfully updated from top to bottom with all-new major systems, including a new roof, HVAC, electrical, and plumbing, providing peace of mind for years to come.
Step inside to discover beautiful luxury vinyl plank flooring throughout, an open and inviting layout, and a designer-inspired kitchen featuring custom shaker-style cabinetry, quartz countertops, and stainless steel appliances. The home truly shows like a model.
The spacious, fully fenced backyard is perfect for entertaining, relaxing, or family gatherings, complete with a cozy fire pit and a brand-new sliding glass door that seamlessly connects indoor and outdoor living.
Location is everything, and this home delivers. Enjoy a quick 5-minute walk to the beach and easy access to local shopping, restaurants, and everyday conveniences just moments away. Neptune Beach is one of Northeast Florida's most desirable coastal communities, offering a laid-back lifestyle that appeals to both growing families and those seeking a peaceful place to retire away from the hustle and bustle.
Move-in ready and beautifully updated, this is beach living at its finest.
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About Beaches
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017