7060 Middleton AVENUE
About This Property
This beach house is an idyllic retreat, perfect for vacations or as a seasonal escape with the added benefit of allowing short-term rentals. Free from HOA restrictions, it sits on a generous 0.41-acre, recently fenced lot brimming with possibilities, from adding multiple units to extending the existing single-family home to parking boats or other outdoor toys. Architectural plans for a main home addition, third-story deck, as well as a detached guest home are ready, offering a canvas for your vision with its flexible RG residential zoning.
The home itself radiates warmth and style with its 2 bed/2 bath layout, boasting an open floor plan that flows gracefully from the living area to the kitchen and dining space. The wall of sliding doors open up to breathtaking waterway vistas, turning the deck into an oasis for entertainment or quiet dining. Inside, striking hardwood floors complement the living spaces, while the bathrooms and laundry area feature stylish tiling. A fully equipped laundry room adds to the convenience. The home boasts modern upgrades including a new A/C, hot water heater, a durable 7-year-old roof, sleek Whirlpool appliances less than 3 years old, and recent city sewer connection upgrade. The first floor includes a two-car garage and a spacious area for storage or further development.
Location is key, and this home is a gateway to endless adventures. Stroll to Crescent Beach for a sun-kissed day, explore the nearby Washington Oaks State Park, or bike along the shaded Malacompra trails. Water enthusiasts can launch kayaks or paddle boards from the boat ramp just a short walk down the street. For a touch of history and culture, historic downtown Saint Augustine and its iconic lighthouse are just a short drive away, as are the Saint Augustine Alligator Farm and Marineland, offering unique wildlife experiences.
This nature-rich bungalow is more than a home; it's a lifestyle, a place where every day is an exploration and every view a painting. Embrace the coastal living you've always dreamed of in this enchanting beach house.
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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 |
|---|---|---|---|
| Feb 6, 2024 | Sold | ||
| Sold | |||
| Jan 3, 2024 | In contract | - | |
| In contract | |||
| Dec 22, 2023 | Listed by BERKSHIRE HATHAWAY HOMESERVICES PALM WEST REALTY | $619,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES PALM WEST REALTY | |||
| Apr 27, 2023 | Sold | ||
| Sold | |||
| Mar 16, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017