9137 MELLON Court
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 |
|---|---|---|---|
| Mar 1, 2021 | Sold | ||
| Sold | |||
| Oct 28, 2020 | Sold | ||
| Sold | |||
| Jun 12, 2020 | Listed by ANCIENT CITY REAL ESTATE LLC | $649,900 | |
| Listed by ANCIENT CITY REAL ESTATE LLC | |||
| Oct 16, 2019 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | $545,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | |||
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Now the perfect new price you've been waiting for!! Are you looking for an authentic beach cottage with an historic past on a tributary of the Intracoastal and just steps from the ocean? If so, look no further. The approach starts at the stacked coquina block pillars: the driveway to what was once the summer residence of one of the scions of the famed Mellon family. Orig. attached to the Mellon house as a wing, the cottage was moved to its current location in 1981. Lovingly restored by its current owner, there are large, sun-drenched rooms, high ceilings & classic vintage features perfect for casual get-togethers & sophisticated soirees. There are original heart pine floors throughout....PLEASE click MORE for further information! The fireplace is a gorgeous feature in the living room area with a large custom marble hearth & brass details. The mantel was created from massive heart pine timbers that were once beams in the orig. Laundry Building in Pinehurst, NC, in the early 1900's. A newly renovated Master Bath has been updated with both contemporary & antique elements. Modern sconces over a vintage pedestal sink are the perfect counterpoint to a restored claw foot tub originally from Henry Flagler's Ponce de Leon Hotel in St. Augustine. The multi-tiered decks wrapping around two sides of the cottage are the perfect place to catch a sunset, watch the dappled waves of the Matanzas River inlet, enjoy the ocean breezes and let your cares slip away. This beautifully maintained retreat is a rare & unique piece of "old Florida" history complemented by thoughtful updates, making it the perfect place for the next generation seeking a "one of a kind" home. Call listing agent Rosemary Naughton for further info!
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| Feb 23, 2019 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | $599,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | |||
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This gracious vintage cottage is a magical place! Pristinely nestled among Old FL mangroves, this unique historic home is just steps to the sea! Rest your soul in spacious open living w/ 20ft cathedral ceils & capture Matanzas Inlet vistas from multi-tiered decks! The magnificent HUGE Sunroom framed by walls of windows & towering ceilings takes your breathe away & welcomes in sparkling sunshine & big blue skies! A custom GR f-place of N. Carolina timbers is a magnificent focal point & heart pine fls grace the entire home. You'll love the wide-open Kit/GR/DR too! A large priv. MBR/BA is accented by an authentic clawfoot tub from the Ponce De Leon Hotel & BR2 is so cozy & quaint! Grab coffee & a book in the quiet library/study & then relish cool ocean breezes & the birds from sunset decks!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017