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5548 Pennock Point Road
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%.
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 |
|---|---|---|---|
| May 5, 2026 | Listed by Illustrated Properties | $19,999,000 | |
| Listed by Illustrated Properties | |||
| May 22, 2025 | Sold | ||
| Sold | |||
| Jan 20, 2025 | Listed | $6,995,000 | |
| Listed | |||
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Here's a rare chance to own a waterfront lot on one of Jupiter's most desirable streets. Situated on Pennock Point, this property offers approximately 114 feet of water frontage with stunning, unobstructed water views, and views of the Jupiter Lighthouse. With no fixed bridges and easy ocean access, it's perfect for anyone who loves being on the water. The lot is cleared, filled, and graded, setting the stage for your future vision. Pilings are already in place, making it dock-ready, and a 10,000 lb boat lift has been installed to accommodate your boating needs.
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| Jan 2, 2025 | Listed by Waterfront Properties & Club C | $6,995,000 | |
| Listed by Waterfront Properties & Club C | |||
| | |||
|
Here's a rare chance to own a waterfront lot on one of Jupiter's most desirable streets. Situated on Pennock Point, this property offers approximately 114 feet of water frontage with stunning, unobstructed water views, and views of the Jupiter Lighthouse. With no fixed bridges and easy ocean access, it's perfect for anyone who loves being on the water.
The lot is cleared, filled, and graded, setting the stage for your future vision. Pilings are already in place, making it dock-ready, and a 10,000 lb boat lift has been installed to accommodate your boating needs. Utility preparations have been thoughtfully handled, with underground systems and FPL connections already in place. The southern exposure enhances the property's appeal, providing sunlight and warmth throughout the day.
This is currently the only waterfront lot available in Pennock Point that's ready for immediate development, offering a unique opportunity to create something truly special.
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| May 12, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017