97504 PIRATES Way
About This Property
Ten minutes from your private dock to downtown Fernandina Beach--boat to dinner, live music, and sunset strolls, then cruise home as the marsh glows at golden hour. With a private dock, boat lift, and deep-water community access, life on the water is effortless.
Inside, marsh views fill nearly every room, with wood floors, high ceilings, and a light-filled open layout. The upgraded kitchen features a custom island, quartz countertops, farmhouse sink, wine fridge, and high-end appliances.
Upstairs, a spacious bonus room adds flexible space for guests or a home office. Enjoy an extended deck, new dock, and a rare two-car garage + workshop with a view.
A true coastal retreat with lifestyle + income potential built in.
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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 |
|---|---|---|---|
| Apr 1, 2026 | Price Decreased |
$949,000
↓ $19K
(2%) | |
| Price Decreased | |||
| Feb 21, 2026 | Price Decreased |
$968,000
↓ $22K
(2.2%) | |
| Price Decreased | |||
| Jan 26, 2026 | Listed by FERNANDINA BEACH REALTY | $990,000 | |
| Listed by FERNANDINA BEACH REALTY | |||
| Oct 4, 2023 | Sold | ||
| Sold | |||
| Apr 13, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017