5543 PELICAN Way
About This Property
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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 |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| Jun 8, 2025 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $875,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
| Apr 11, 2018 | Sold | ||
| Sold | |||
| Jul 31, 2017 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $549,900 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
| Mar 4, 2017 | Listed by ENDLESS SUMMER REALTY | $499,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
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This FULLY FURNISHED OCEAN VIEW home is a fortress! Sitting at 22’ above sea level, this split face concrete block home was built to last. 5543 Pelican Way is a one of a kind home in the eclectic neighborhood of Anastasia Hills. If you aren’t familiar with this neighborhood then do yourself a favor and come check it out…There’s no HOA, no flood insurance required, and there are beach accesses every block. Truly one of the best beach-side neighborhoods in all of
St.Augustine!
Upon entering the front door you’ll be awed by the craftsman style solid Cypress staircase. Head upstairs to the second level where you’ll find an open floor plan designed with entertaining in mind. The second floor consists of the kitchen, great room, large guest bedroom with an en-suite bath. There are decks on both the east and west side of the house allowing you to enjoy the outside areas anytime of day.
The third level is where you'll find the master bedroom with expansive ocean views. There are two decks off the master with one being a 8x20 deck facing east (ocean views) and the other being a screened in 9x30 deck facing west (ICW peaks). The master bath has a large walk in shower with an antique porthole.
Once your relatives know that you live near the beach they'll be begging you to allow them to come stay. What's great is that you'll have a cozy in-law suite downstairs for them to stay in! The downstairs bedroom, complete with its own bath, bar sink and mini-fridge, is very private and has its own entrance allowing them to come and go as they please.
The landscaping is established, and easy to care for â“ no grass to mow! Just palms, flowers, butterflies and hummingbirds. The back 1/3 of the lot has been left as a natural dune, but affords room to add a pool if you want one.
Other features of the home include a new roof in 2016, HVAC replaced 2014, hurricane shutters, new convection oven, new porcelain tile downstairs, and new Berber carpet in great room. Home is fully furnished and setup to be a successful vacation rental!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017