81 PRINCESS Drive
About This Property
BRAND NEW HVAC UNIT!
Inside, the layout is both thoughtful and inviting. The open-concept kitchen flows seamlessly into the dining and family room, creating the ideal space for entertaining, hosting holidays, or everyday living. A flexible room downstairs offers endless options -- home office, playroom, or creative space -- while a convenient half bath and laundry room just off the kitchen add to the home's smart functionality.
The primary suite is tucked away on the main level and feels like a private retreat, featuring generous space, an en suite with two separate vanities, a large soaking tub, walk-in shower, and an oversized walk-in closet. Upstairs, you'll find two additional bedrooms and a spacious bonus room -- perfect for a media room, teen hangout, or second living area. Home has potential to convert space for a fourth bedroom. Living here means enjoying everything Nocatee is famous for: resort-style amenities, parks, splash pads, kids' water play areas, miles of green space, and a packed calendar of community events like food trucks, farmers markets, and family nights. Add in top-rated schools, quick highway access, and being just minutes from the beach and you'll see why this community is one of the most sought-after in Northeast Florida.
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 27, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Relisted | $589,000 | |
| Relisted | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Apr 7, 2026 | Price Decreased |
$589,000
↓ $9K
(1.5%) | |
| Price Decreased | |||
Property Highlights
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About Nocatee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017