55 MAHI Drive
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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%.
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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.
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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Apr 27, 2026 | In contract | - | |
| In contract | |||
| Apr 20, 2026 | Listed by COMPASS FLORIDA LLC | $862,500 | |
| Listed by COMPASS FLORIDA LLC | |||
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BELOW APPRAISED VALUE | LUXURY POOL HOME IN NOCATEE'S COASTAL OAKS
What if you could have privacy, water views, and a luxury pool home in Nocatee--without paying the premium price?
Welcome to one of the best opportunities in Coastal Oaks, where this Toll Brothers custom home is positioned on a rare preserve + pond lot with only one neighbor, offering the kind of setting buyers wait months for--but rarely find.
From the moment you step inside, the home feels light, open, and thoughtfully upgraded. Hardwood floors lead you through the main living spaces, while fresh, brand-new carpet adds comfort in all the right places. Every detail has already been done--so you can move right in and start enjoying. The heart of the home is a chef-inspired kitchen featuring Bosch and KitchenAid appliances, granite countertops, double pantry storage, and abundant cabinetry--perfect for hosting, gathering, or simply enjoying everyday life. Just beyond, the family room with gas fireplace and expansive windows draws your eyes straight to the view... and this is where the home truly sets itself apart.
Step outside and you'll understand why this property is special.
A screened, heated saltwater pool overlooks a peaceful pond with a dramatic fountain and preserve backdrop--creating a private, resort-style setting that feels worlds away, yet is right at home in Nocatee's premier gated community. Morning coffee, sunset swims, entertaining friends--this is Florida living at its finest.
The primary suite is a retreat of its own, with tray ceilings, bay windows, and a sitting area designed for quiet moments and relaxation.
Additional features buyers love:
Plantation shutters throughout
Tankless water heater
Whole-home water softener
Smart irrigation system
Custom closet systems
Garage storage upgrades
Flexible third bedroom with built-ins + Murphy bed (or convert back easily)
And beyond your front door, enjoy everything that makes Nocatee one of the nation's top master-planned communities--resort-style pools, water parks, fitness centers, trails, top-rated St. Johns County schools, and close proximity to the beach.
Opportunities like this--priced more than $100,000 below appraisal--don't come around often.
If you've been waiting for the right home, on the right lot, at the right price... this is it.
Schedule your private showing today before someone else claims it.
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| Aug 1, 2019 | Sold | ||
| Sold | |||
| Mar 22, 2019 | Listed by KELLER WILLIAMS FIRST COAST REALTY | $520,000 | |
| Listed by KELLER WILLIAMS FIRST COAST REALTY | |||
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BETTER THAN NEW! This Toll Brother's Pool home located in gated Coastal Oaks at Nocatee is a model home. From the time you walk in, you will notice gorgeous wood floors, plantation shutters, modern lighting in entry way and dining room. Kitchen is open concept to the family room making it an inviting entertaining space. Quartz countertops, upgraded cabinetry, Kitchenaid appliances, prep island and two pantries make the kitchen an enjoyable one to cook in. Enjoy summer days lounging in the pool featuring paver deck and screened enclosure. Be sure to look for deer and other wildlife out the large windows located in the rear of the home. Nocatee features a packed social calendar, fitness centers, splash parks, spray parks, trails and much more.
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About Nocatee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017