16
Map
51 Nettles Boulevard
About This Property
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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.
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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 7, 2024 | No longer available | - | |
| No longer available | |||
| Jan 16, 2024 | Listed by HUTCHINSON ISLAND REAL ESTATE | $725,000 | |
| Listed by HUTCHINSON ISLAND REAL ESTATE | |||
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This 2 bedroom 2 bath house is located on the West wall of Nettles Island and is on the open water with fantastic sunsets. 10,000# boat lift and a large dock make for a fisherman's dream. Much attention and thought has made this a unique house to have living on the Intra Coastal. Many upgrades with appliances and electrical system. House surge protector. Power awning located over back deck. The attic is accessed by a ceiling ladder in the second bedroom. Nettles Island is a very safe resort community located on Hutchinson Island and the Intra Coastal and has access to the Atlantic ocean. One Pool located at the recreation center and one at the ocean. All kinds of activities and functions are to be enjoyed as you like. Biking, walking, pickle ball, tennis, basketball, put-put golf, over 40 organizations to participate in if you so desire, Church services, BBQs, dances, music and more. The manager has listed the unit size as 999 square feet.
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| Apr 3, 2017 | Sold | ||
| Sold | |||
| Feb 27, 2017 | Listed by Nettles Island Realty | $379,000 | |
| Listed by Nettles Island Realty | |||
Property Highlights
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About South Hutchinson Island
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Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20003955
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