570 Shearwood DRIVE
About This Property
Picture waking up to the gentle rhythm of the ocean waves, stepping onto the soft sands of the beach, and embracing the vibrant energy of the coastal lifestyle. This generous lot presents the perfect foundation for crafting your dream estate, tailored to your specific needs and preferences.
Envision a sprawling residence with ample windows to capture breathtaking ocean vistas, a tranquil pool to bask in the Florida sunshine, and expansive patios for hosting memorable gatherings. Whether you dream of a multi-generational family compound or a luxurious retreat for relaxation and rejuvenation, this versatile property can accommodate your dreams.
With its generous acreage, you can design a home that reflects your personality and aspirations, incorporating multiple living spaces, dedicated work areas, and recreational amenities to suit your lifestyle. Let your creativity soar and transform this blank canvas into a masterpiece of your own design.
Here are some of the highlights of this property:
Expansive 2.36-acre vacant lot
Tranquil neighborhood
Short walk to the beach
Endless possibilities for building your dream estate
Don't miss out on this exceptional opportunity to create your own coastal sanctuary.
Contact us today to explore the potential of this vacant land and embark on the journey of building your dream estate.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 29, 2024 | Sold | ||
| Sold | |||
| Nov 18, 2023 | Listed by REGAL REALTY INTERNATIONAL COR | $269,500 | |
| Listed by REGAL REALTY INTERNATIONAL COR | |||
| Apr 23, 2022 | Price Decreased |
$257,800
↓ $100
(0%) | |
| Price Decreased | |||
| Feb 20, 2022 | Price Decreased |
$257,900
↓ $100
(0%) | |
| Price Decreased | |||
| Oct 9, 2021 | Price Decreased |
$258,000
↓ $1K
(0.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017