915 Lambert AVENUE
About This Property
Step inside the front door to an open living and dining area with vaulted ceilings, functional wood burning fireplace and tropical views of the backyard through the triple vanishing sliding doors. This space is absolutely perfect for entertaining and enjoyable year round with natural light streaming in from every angle, creating an expansive welcoming atmosphere. Step outside onto the lovely screened lanai measuring 1,421 square feet, making your living space expand all the more. Garden to your heart's delight then bring in the fruits of your harvest directly into your beautifully crafted, updated kitchen that will delight any home chef. The farmhouse sink overlooks the lanai and has a pass through patio bar, just perfect for setting out snacks and drinks. KraftMaid quality cabinets are stylish and ample as are the quartz countertops and travertine backsplash. All modern appliances are included and there is an overflow space under the stairs for any extra bulk kitchen pantry items if needed. The split bedroom plan offers privacy and convenience, with three well-appointed bedrooms downstairs plus an upstairs hobby room and half bath that can easily serve as an in-law apartment, fourth bedroom, office, or creative space.
This home is solid and designed for strength, comfort and functionality. Lifetime Shatter film on windows and doors, alarm system, Titanium UDL Synthetic Roofing Underlayment, insuring a leak proof roof with shingle containment. Hot water circulators to conserve hot water. New AC Unit. Deep irrigation well avoiding rust stains. Attic above garage equipped with plywood and pest protection. The massive screened-in lanai is a true highlight, providing a versatile space for relaxation or entertaining. The lot allows for the ability to store boats, RV's, trailers, containers, etc. No homeowners associations dues or extensive rules, just a lovely street alongside the river. This home has never flooded and has always had a flood insurance policy that is a grandfathered in low rate and fully transferrable to a new owner along with a termite bond. Peace and tranquility is found here in your personal oasis where you can picture sipping your morning coffee, gardening, or even adding a pool to create the life you've been dreaming about.
Outdoor enthusiasts will love the easy access to scenic kayaking, while the well manicured, large yard makes it feel as if you have total privacy.
Don't miss your chance to own a piece of paradise in the sought after small, coastal beach town of Flagler Beach, where coastal living meets comfort and convenience. Many new businesses have been coming to this area such as the new Compass Margaritaville Hotel, BJ's Wholesale Store, Longhorn Steakhouse, Chick Fil-A, in addition to the great stores and restaurants already well established. Publix is less than 2 miles away, as is the beach and dog park. Flagler Advent Hospital, High School and access to I-95 is just an 6-8 minute drive.
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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 |
|---|---|---|---|
| Dec 4, 2024 | Sold | ||
| Sold | |||
| Nov 13, 2024 | In contract | - | |
| In contract | |||
| Oct 27, 2024 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Aug 29, 2024 | Listed by ONE SOTHEBYS INTERNATIONAL REALTY | $675,000 | |
| Listed by ONE SOTHEBYS INTERNATIONAL REALTY | |||
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About Flagler Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017