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5306 PELICAN Way
About This Property
Enjoy the perfect blend of laid-back coastal living and vibrant local charm, with easy access to restaurants, shopping, entertainment, and historic attractions in the nation's oldest city. Whether you're looking to build a primary residence, vacation getaway, or investment property, this lot offers the ideal opportunity to create your own slice of paradise near the shore.
Don't miss your chance to own land in one of the area's most sought-after beachside communities with no HOA.
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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 |
|---|---|---|---|
| Apr 21, 2026 | Listed by PONTE VEDRA CLUB REALTY, INC. | $995,000 | |
| Listed by PONTE VEDRA CLUB REALTY, INC. | |||
| Aug 17, 2001 | Sold | ||
| Sold | |||
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About Butler Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017