14
Map
89 S Las Olas 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 |
|---|---|---|---|
| Nov 21, 2022 | Sold | ||
| Sold | |||
| Oct 19, 2022 | Listed by Coastal Breeze Realty Corp | $599,999 | |
| Listed by Coastal Breeze Realty Corp | |||
| | |||
|
COASTAL DREAM COTTAGE FULLY FURNISHED WITH DEEDED BEACH ACCESS! Great Cash Flow and turn key~ across the street from the beach! Bookings already through June. CBS home has 3 BR's plus office/game room & 2 full Baths . This gem is walking distance to the ocean! A tiki hut on the beach (with membership), for private parking, is Florida at it's best. There is a community launching ramp also, for your boat, kayak, canoes & more. Gated dog park is a bonus to enjoy. Updated kitchen, Stainless appliances, hot tub, gazebo, outdoor shower and backyard with BBQ! Plenty of parking for your cars or toys. Docks at Marina nearby for rent or sale. Home has been a highly successful Air B & B with documented earnings.
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| Sep 30, 2022 | Listed by Coastal Breeze Realty Corp | $599,999 | |
| Listed by Coastal Breeze Realty Corp | |||
| | |||
|
COASTAL DREAM COTTAGE FULLY FURNISHED WITH DEEDED BEACH ACCESS! Come see this Hutchinson Island dollhouse~ across the street from the beach! CBS home has 3 BR's plus office/game room & 2 full Baths . This gem is walking distance to the ocean! A tiki hut on the beach (with membership), for private parking, is Florida at it's best. There is a community launching ramp also, for your boat, kayak, canoes & more. Gated dog park is a bonus to enjoy. Updated kitchen, Stainless appliances, hot tub, gazebo, outdoor shower and backyard with BBQ! Plenty of parking for your cars or toys. Docks at Marina nearby for rent or sale.
Home has been a highly successful Air B & B with documented earnings.
| |||
| Jul 12, 2019 | Sold | ||
| Sold | |||
| Jun 6, 2019 | Listed by Coastal Breeze Realty Corp | $269,000 | |
| Listed by Coastal Breeze Realty Corp | |||
| | |||
|
COASTAL DREAM COTTAGE FULLY FURNISHED WITH DEEDED BEACH ACCESS! Come see this Hutchinson Island dollhouse across the street from the beach! This home has 2 BR's plus Den/Office or 3rd bedroom & 2 full Baths . This 1/2 duplex is walking distance to the beach! There is a community launching ramp for your boat or jet ski and a tiki hut on the beach with membership. Updated kitchen, Stainless appliances, hot tub and backyard with BBQ! New Metal Roof in 2018! Pleanty of parking for your cars or toys. Docks at Marina nearby for rent or sale.
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Property Highlights
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Price/ft²
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About South Hutchinson Island
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Last Updated: 5 days ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20006502
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