7728 US HIGHWAY 1
About This Property
Zoned OR (Open Rural), the land welcomes a range of uses - build your dream single-family home, place a manufactured home, or pursue agricultural projects. Open Rural zoning provides a rare flexibility not often found so close to the vibrant historic city of St. Augustine. Whether you're looking to create a private retreat, hobby farm, or investment property, this lot offers the space and freedom to bring your vision to life.
Key features:
.35 acres of level, buildable land
50 feet of frontage on bustling US 1
OR Zoning - perfect for single-family or manufactured homes, plus agricultural use
No HOA restrictions
Minutes to downtown St. Augustine, beaches, shopping, and dining. Properties like this don't come around often! Call today before this exceptional opportunity is gone!
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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 |
|---|---|---|---|
| Sep 2, 2025 | Sold | ||
| Sold | |||
| Aug 12, 2025 | In contract | - | |
| In contract | |||
| Jul 25, 2025 | Price Decreased |
$60,000
↓ $20K
(25%) | |
| Price Decreased | |||
| Jul 14, 2025 | Relisted | $80,000 | |
| Relisted | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017