703 Sandpiper Circle
About This Property
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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%.
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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.
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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 26, 2024 | No longer available | - | |
| No longer available | |||
| Mar 1, 2024 | Listed by Fathom Realty FL LLC | $500,000 | |
| Listed by Fathom Realty FL LLC | |||
| | |||
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.47 acre lot on spring fed freshwater lake in the heart of Destin! Split it and you would have 2 lakefront lots for only 250k each. Consider the possibilities! NOTE: This lot currently has an older but livable 3/2 House which is pretty nice, but it's probably worth more if the house were removed and two new homes were built in its place. According to the city zoning, the .47 acres is big enough to be split but the current house would need to be moved or removed to do so. The house is listed (as MLS #938500) and is available for only 450k! The vacant lots are shown here for 500k which leaves $50k for removing the house and clearing the land. GREAT Opportunity in a great location. BRING ALL OFFERS! New owner to do all coordination and due diligence in regard to approval of local officials.
| |||
| Feb 24, 2024 | Price Decreased |
$450,000
↓ $30K
(6.2%) | |
| Price Decreased | |||
| Feb 23, 2024 | Price Decreased |
$479,900
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Feb 16, 2024 | Price Decreased |
$485,000
↓ $3K
(0.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017