35
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$2,000,000
●
House -
Off Market
9 Simara Street
Sewalls Point, FL 34996
3 Beds
2 Baths
1,928 Ft²
$2,423,753
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
Located on the Archipelago at the edge of the central lagoon, this
beautiful home is styled in the Florida vernacular with overtones
of the South Pacific! With an effective year built of 2009 (metal
roof, impact glass and totally restored pecky cypress over concrete
block both inside and out) this 2, possibly 3 bedroom home,
surrounded on nearly all sides by water is jaw-droppingly lovely!
The views are incomparable!
The ultimate package for anyone hoping to scale down without giving up a thing!
The ultimate package for anyone hoping to scale down without giving up a thing!
Unit Size
1,928 Ft²
Days on Market
117 days
Land Size
0.50 acres
Price per sqft
$1,141
Property Type
House
Property Taxes
$1,104
HOA Dues
$167
Year Built
1967
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 17 days ago (MCRTC #M20030571)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2023 | Sold | ||
| Sold | |||
| Apr 24, 2023 | Listed by Douglas Elliman (Jupiter) | $2,500,000 | |
| Listed by Douglas Elliman (Jupiter) | |||
   | |||
|
Premier Location! What is Archipelago? Sometimes defined as a chain or group of islands scattered, The Archipelago in Sewalls Point happens to be one of the most highly coveted locations in all of Sewalls Point. This 37 home enclave is surrounded by tropical lagoons and blue water of the Atlantic Ocean. On any given day you can watch the dolphin and manatee play outside, not to mention Bird Island and a few others are right next door. This property exudes the Charm of an ''Old Florida'' home with all the ''New Modern'' touches, making this a perfect combination and absolute sanctuary. This 3BR concrete block home is situated on over 1/3 of an acre with 200' of waterfront and a 48' dock. Metal roof, impact glass, stunning terrazzo floors and more!
| |||
| Apr 12, 2023 | Listed by Waterfront Properties Inc | $2,500,000 | |
| Listed by Waterfront Properties Inc | |||
| Mar 9, 2022 | Sold | ||
| Sold | |||
| Dec 3, 2021 | Sold | ||
| Sold | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Sewall's Point
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Listed by: Adam Brown, Waterfront Properties Inc
Last Updated: 17 days ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20030571
Last Updated: 17 days ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20030571
The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor® Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.
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