711 OCEAN Boulevard
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%.
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 |
|---|---|---|---|
| Oct 2, 2025 | Price Decreased |
$2,500,000
↓ $250K
(9.1%) | |
| Price Decreased | |||
| Aug 19, 2025 | Listed | $2,750,000 | |
| Listed | |||
| | |||
|
MOTIVATED! APPROXIMATELY 13,900 SQ FT LOT.
Incredible opportunity to build your dream home in Old Atlantic Beach on a rare OVERSIZED LOT just two doors from the ocean! A property like this is rare. The dimensions are approximately 156'x110'x106'x100'.
A prime corner lot located on the east side of Ocean Blvd & 7th Street in an unbeatable location. Only seven short blocks to Atlantic Beach Town Center with its vibrant shopping, dining, & entertainment. Just across the street, enjoy access to the Adele Grage Cultural Center with its park and additional green space. The existing concrete masonry home could serve as the start to an incredible project if the buyer chooses. If building new, the electric, water and sewer are already at the property and there would be no trees to mitigate within the building footprint. This is your chance to create something truly special in this coveted coastal community. Home is Occupied. Also listed as Single Family home MLS#2086291
| |||
| May 15, 2025 | Price Decreased |
$2,750,000
↓ $245K
(8.2%) | |
| Price Decreased | |||
| May 7, 2025 | Listed | $2,995,000 | |
| Listed | |||
| | |||
|
IMPROVED PRICE! APPROXIMATELY 13,000 SQ FT LOT.
Incredible opportunity to build your dream home in Old Atlantic Beach on a rare OVERSIZED LOT just two doors from the ocean! A property like this is rare. The dimensions are approximately 156'x110'x106'x100'.
This prime corner lot located on the east side of Ocean Blvd & 7th Street is an unbeatable location. Only seven short blocks to Atlantic Beach Town Center with its vibrant shopping, dining, & entertainment. Just across the street, enjoy access to the Adele Grage Cultural Center with its park and additional green space. The existing concrete masonry home could serve as the start to an incredible project if the buyer chooses. If building new, the electric, water and sewer are already at the property and there would be no trees to mitigate within the building footprint. This is your chance to create something truly special in this coveted coastal community. Home is occupied. Also listed as land in MLS #2086310
| |||
| Dec 7, 2023 | Sold | ||
| Sold | |||
Property Highlights
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About Beaches
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$5,500 /mo
- 1 Bed
- 2 Baths
- 917 ft²
$8,200 /mo
- 4 Beds
- 3 Baths
- 2,619 ft²
Last Updated: 3 years ago
Data Source: Real MLS, MLS# 1254850
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