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PARCEL 6 PINE ISLAND RD Road
About This Property
Enjoy serene, Old Florida surroundings while being just minutes to US-1, beaches, golf, shopping, dining, and top-rated schools including Pine Island Academy and Nease High School. Don't let this unique opportunity to build a private, hammock retreat in such a desirable, central location.
Recently surveyed, survey plat map available upon inquiry, stamped survey to be gifted at closing. Wildlife Delineation Report executed in 2024, available upon request, with no biodiversity concerns noted.
FPL verified jurisdiction for electric utility access. An additional 1.32-acre parcel is also available for expanded possibilities. A rare opportunity to secure land in one of Northeast Florida's most desirable areas.
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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 |
|---|---|---|---|
| Mar 28, 2026 | Listed by GAILEY ENTERPRISES LLC | $649,000 | |
| Listed by GAILEY ENTERPRISES LLC | |||
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About Beaches
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017