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702 HIBISCUS DRIVE
About This Property
Steps from private deeded beach easement, one block from the Gulf. This 11,000 sq.ft. lot is perfect for your dream beach house.
This is 0.5 miles from the Venice airport, golf course, pier and famous Sharkey's / Finn's restaurants. Close to down town you are steps from tennis courts, shops, restaurants, festivals, and great sidewalks and bike paths for just walking and cycling around our "City on the Gulf".
For boat lovers, you may join Venice Yacht Club or rent a boat to enjoy the marine life. This is a rare opportunity for such a location and lifestyle.
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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 |
|---|---|---|---|
| Nov 25, 2025 | Listed by GULF SHORES REALTY | $795,000 | |
| Listed by GULF SHORES REALTY | |||
| Jun 21, 2024 | Sold | ||
| Sold | |||
| May 15, 2024 | In contract | - | |
| In contract | |||
| Apr 30, 2024 | Price Decreased |
$850,000
↓ $45K
(5%) | |
| Price Decreased | |||
| Apr 19, 2024 | Price Decreased |
$895,000
↓ $100K
(10.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017