56 Northshore Drive
About This Property
Palm Coast is the best kept secret in Florida. Miles of beautiful beaches, over 125 miles of bike paths, beautiful parks along Intracoastal Waterway, a thriving art & theater community, home of famous artists, golf courses for every day, tennis, pickle ball, fishing, boating, wind sailing, surfing, canoeing are just a few of the things to do. Disney World & all that Orlando has to offer is 1.5 hours, Jacksonville with all the shopping one could desire & the famous Mayo Clinic is one hour. NASCAR & ST. Augustine are within a thirty minute drive. Membership to the Hammock Beach Resort is available with 5 Restaurants, 5 Pools, Fitness, 2 Golf Courses, Lazy River etc. This is the perfect home for a lifestyle of leisure.
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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 20, 2020 | Sold | ||
| Sold | |||
| Nov 27, 2019 | No longer available | - | |
| No longer available | |||
| Nov 24, 2019 | Listed | $1,550,000 | |
| Listed | |||
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This extremely well thought out new custom home was built to the highest standards and attention to detail. As you enter this elegant home your eyes are drawn to the commanding views of the lake and golf course. Everything about this home is exceptional from the outdoor area with a pool, summer kitchen, fireplace & built in TV cabinet to the upstairs bonus and guest room with sweeping views of the ocean. Perfect for entertaining family & friends with its open concept, soaring ceilings in the large great room, media room, large dining & kitchen surrounded by the awesome views. The kitchen is a chef's dream with gas cook top, top of the line appliances, center isle & huge walk in pantry. 4 bedrooms with en suite bathrooms, master & two guests on first floor, powder room, a large study, & storage galore make this home functional and the envy of all. The curb appeal of this home, in exclusive gated Northshore, is a showstopper. A short stroll to the beach & a 3 car garage for the toys. The manager has listed the unit size as 4896 square feet.
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| Oct 25, 2019 | Listed by WATSON REALTY CORPORATION | $1,350,000 | |
| Listed by WATSON REALTY CORPORATION | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017