LOT 84 MARSH LAKES Drive
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 |
|---|---|---|---|
| Feb 27, 2021 | No longer available | - | |
| No longer available | |||
| Jan 13, 2021 | Listed | $199,900 | |
| Listed | |||
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BUILD your FOREVER home on this beautiful LAKE setting in the Estate side of the well planned community of Marsh Lakes. NO time restrictions to build with community infrastructure in place. This nearly 1/2 acre lot will accommodate a minimum of 1500SF heated space to up to 3000SF heated space. Bring your Builder and Architect. Community pool and tennis courts and neighborhood socials welcoming you to a relaxed lifestyle. Minutes to the Beaches and Historic Fernandina Beach. Don't miss out on this opportunity to enjoy the tranquility of water frontage and our incredible sunsets!
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| Jan 10, 2021 | No longer available | - | |
| No longer available | |||
| Sep 1, 2020 | Price Decreased |
$199,900
↓ $19K
(8.7%) | |
| Price Decreased | |||
| Jan 7, 2020 | Listed | $219,000 | |
| Listed | |||
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A truly magnificent cleared LOT location on a remarkable LAKE setting on the Estate side of the well planned community of Marsh Lakes. No time restrictions to build with community infrastructure in place. Community pool and tennis courts and neighborhood socials welcoming you to a relaxed lifestyle. Minutes to the Beaches and Historic Fernandina Beach. Bring your Architect and your Builder. This lot is large enough to build a one story 3000 SF home with pool or you can build a home at a minimum of 1500 SF per the community architectural guidelines. See pics for aerial lot location marked by a red box.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017