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9 DRUM Place
About This Property
Welcome to 9 Drum Place in desirable Dolphin Cove of Ponte Vedra Beach. This beautifully updated, move-in ready home features durable tile flooring throughout, an open-concept floor plan, and an updated kitchen with quartz countertops, stainless steel Samsung appliances, ample cabinetry, and abundant natural light. The spacious primary suite features French doors opening to a large, fully fenced backyard with mature orange and lemon trees. Major updates include a 2022 roof, 2023 Goodman HVAC, 2024 home air purification system, and water heater replaced February 2024. Conveniently located near top-rated St. Johns County schools, beaches, golf, shopping and dining. NO HOA! Owner is a Licensed Realtor.
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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 |
|---|---|---|---|
| Sep 15, 2026 | Price Decreased |
$520,000
↓ $5K
(1%) | |
| Price Decreased | |||
| Aug 6, 2026 | Price Decreased |
$525,000
↓ $25K
(4.6%) | |
| Price Decreased | |||
| Jul 30, 2026 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $549,999 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
| Feb 8, 2024 | Sold | ||
| Sold | |||
| Oct 28, 2023 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $499,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
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About Palm Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017