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Lot 53 SHENANDOAH Boulevard
About This Property
Located just a few streets from one of Sunny Hills' beautiful spring-fed lakes, you'll enjoy easy access to white sandy beaches, swimming, boating, fishing, and plenty of outdoor recreation. The community also features an 18-hole golf course and clubhouse, providing year-round opportunities to relax and enjoy an active lifestyle.
When you're ready for a day at the beach, Panama City Beach, Pier Park, and Northwest Florida Beaches International Airport are all approximately 45 minutes away. Shopping, restaurants, medical facilities, and other everyday conveniences are located about 20 miles from the property. Electric service is available at the road frontage. A private well and septic system will be required. Don't miss this opportunity to own a homesite in one of Northwest Florida's growing communities and start planning your future today. Looking for additional space? The adjacent Lot 52 (MLS #1007328) is also available, giving you the opportunity to purchase both lots and enjoy nearly half an acre.
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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 |
|---|---|---|---|
| Jul 10, 2026 | Listed by Keller Williams Realty FWB | $17,500 | |
| Listed by Keller Williams Realty FWB | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017