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5485 ATLANTIC
About This Property
This 50'x150' (0.14 acre) ocean-side parcel sits directly across from oceanfront homes and is just 15 yards from the beach walkover through the picturesque, protected dunes. Create a custom coastal residence in a quiet, established neighborhood of substantial beach homes. Build up to 3 stories to capture beautiful Atlantic Ocean views and refreshing sea breezes from multiple levels. The property has a County water meter in place and access to the County sewer line in the street, subject to customary connection requirements and costs. Atlantic View is one of the most sought-after streets on Anastasia Island -- a quiet, upscale residential enclave with no HOA, no CDD fees, no condo congestion, no commercial intrusion, and no short-term rental restrictions. Vacation rentals are permitted, creating exceptional flexibility for primary residence, second home, luxury spec build, or high income investment property. Bike the quiet neighborhood or cruise along the water's edge. Excellent surfing, pristine beach, and a relaxed, family-oriented residential character close at hand. The wide dunes provide protection from storms. All of this makes Atlantic View one of St. Augustine's hidden gems. A compelling opportunity to build near the beach in one of Anastasia Island's most appealing coastal settings with long-term investment potential.
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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 |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$950,000
↓ $5K
(0.5%) | |
| Price Decreased | |||
| Jul 24, 2026 | Listed by LIGHTHOUSE REALTY ASSOCIATES | $955,000 | |
| Listed by LIGHTHOUSE REALTY ASSOCIATES | |||
| Dec 18, 2017 | Sold | ||
| Sold | |||
| Oct 4, 2017 | Listed by LIGHTHOUSE REALTY ASSOCIATES | $369,000 | |
| Listed by LIGHTHOUSE REALTY ASSOCIATES | |||
| Aug 7, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017