61 PHILLIPS Avenue
About This Property
Discover this stunningly renovated home east of A1A in charming Ponte Vedra Beach! Move-in ready and designed with style, the home features custom wallpaper, elegant window treatments, shiplap accents, and bespoke built-ins. new windows and solid wood interior doors add a touch of classic charm.
The heart of the home, the kitchen, boasts white cabinetry, open shelving, quartzite countertops, a farmhouse sink, and a gas stove, making it perfect for both cooking and entertaining. The open floor plan seamlessly connects various living spaces, including an interior laundry/mudroom, versatile office/flex space, and separate living areas.
Step outside to a fenced-in backyard paradise with a screened-in porch, outdoor patio, and ample space for a pool.
Preferred membership offering to the Ponte Vedra Inn and Club and The Lodge and Epping Forest! With no HOA restrictions, award-winning St. Johns County schools, and sidewalks leading straight to the beach, this location is unbeatable. Enjoy easy access to world-class amenities like the Ponte Vedra Inn and Club and TPC at Sawgrass.
List of improvements include- new exterior and interior paint, updated landscaping, renovated bathrooms-new showers in all bathrooms and toilets, new water heater (2023), new windows (2022), One new AC unit (2023), new interior solid shake doors and hardware, open kitchen and family room with shiplap detail, custom designer wallpaper, custom cabinetry and built ins, custom designer window treatments.
Virtual Pool renderings included in photos!
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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 |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Aug 29, 2024 | In contract | - | |
| In contract | |||
| Aug 15, 2024 | Price Decreased |
$1,595,000
↓ $100K
(5.9%) | |
| Price Decreased | |||
| Aug 7, 2024 | Price Decreased |
$1,695,000
↓ $55K
(3.1%) | |
| Price Decreased | |||
| Jul 24, 2024 | Listed by PONTE VEDRA CLUB REALTY, INC. | $1,750,000 | |
| Listed by PONTE VEDRA CLUB REALTY, INC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017