67 MALACOMPRA ROAD
About This Property
Experience the best of "The Beach Life" on this highly desirable Malacompra Road lot. Build your custom dream home just steps from the ocean in the heart of the Hammock. This wooded homesite is a 5-minute stroll to the beach and directly across from Bings Landing, an 8-acre waterfront park featuring a boat launch, fishing pier, and the famous Captain's BBQ. Malacompra Park is also near with many amenities including playing on the 6 lighted pickleball courts at the community center, or horseback riding on the beach. With no HOA restrictions, you have the freedom to park your RV or boat on-site and choose your own builder on your own timeline. Build code allows for a three-story build, perfect for capturing those sunrise and sunset views. City water is available; paved streets with sidewalks lead you directly to local seafood markets, Publix, and mountain bike trails. R-1 zoned in Unincorporated Flagler County-one of the few areas allowing Short-Term Rental eligibility.
This is an "unspoiled" slice of Florida situated perfectly between St. Augustine and Daytona Beach.
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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 25, 2026 | Relisted | $199,900 | |
| Relisted | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Jan 28, 2026 | Listed by COASTAL GATEWAY REAL ESTATE GROUP | $199,900 | |
| Listed by COASTAL GATEWAY REAL ESTATE GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017