9131 GENE JOHNSON Road
About This Property
The property features breathtaking, unobstructed views of the Intracoastal waterway, offering stunning sunsets each evening as you watch the sailboats boats go by.
Just a 5-minute walk to the beach, you can easily enjoy the sun, sand, and surf as well as the Bahama blue waters of Matanzas Inlet, which can be accessed by boat or on foot, just around the corner. Being offered fully furnished, this unique retreat exudes a timeless charm and the perfect blend of privacy with endless potential. Whether you're an investor looking to create an income-generating property or a buyer seeking a peaceful escape to call your own, this waterfront gem provides the perfect starting point. The potential for expansion is limitless, allowing you to customize your dream space with panoramic views, a private dock and a coveted outdoor oasis. Seize the opportunity to shape this property into a true masterpiece, and let it be the waterfront retreat you've always dreamed of!
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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 |
|---|---|---|---|
| Mar 4, 2025 | Sold | ||
| Sold | |||
| Feb 18, 2025 | In contract | - | |
| In contract | |||
| Jan 29, 2025 | Listed by HERRON REAL ESTATE LLC | $699,000 | |
| Listed by HERRON REAL ESTATE LLC | |||
| Jan 18, 2010 | Listed by ALL PRO REALTY SPECIALISTS,INC | $499,000 | |
| Listed by ALL PRO REALTY SPECIALISTS,INC | |||
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Very nice 2/1 Bungalow with fireplace, screened porch & huge deck on the Summer Haven River. Stationary & floating dock with access to Matanzas Inlet and Intracoastal. Terrific second home or vacation rental. Fabulous sunsets (pictured) the ultimate in fishing right off your dock and incredible wildlife including dolphins.
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| Jul 17, 2003 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017