7022 FAIR LANE
About This Property
The home experienced water damage during Hurricane Helene and is being sold as-is, presenting a great opportunity for renovation, investment, or redevelopment. This property offers endless possibilities to create your ideal retreat or income-producing asset.
Enjoy peaceful canal views, convenient Gulf access, and the chance to make this unique property your own.
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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 |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Mar 13, 2026 | In contract | - | |
| In contract | |||
| Feb 8, 2026 | Listed by ALIGN RIGHT REALTY LLC | $129,900 | |
| Listed by ALIGN RIGHT REALTY LLC | |||
| Jun 16, 2025 | Listed | $210,000 | |
| Listed | |||
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Charming waterfront mobile home with an adjacent lot. Located on a canal that leads to the Gulf, perfect for boating and water recreation. Please note, the property experienced water damage during Hurricane Helene in 2024. Great opportunity for investors or buyers looking to renovate and customize a waterfront retreat. Don't miss this unique waterfront property!
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| Apr 26, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017