Lot 1 Dolphin Cove
About This Property
Beautiful lot in a small subdivision located between Niceville and Freeport in the Basin Bayou community. You are a city block's distance from Nick's on The Bay restaurant and the Choctawhatchee Bay. The best of bay living, convenient to all things necessary and the quiet upscale neighborhood with only one street in and out to Hwy 20. Come take a look and make this your next home convenient to all things THE BEACH OR BAY have to offer!!
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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 |
|---|---|---|---|
| Sep 23, 2026 | Price Decreased |
$99,900
↓ $10K
(9.2%) | |
| Price Decreased | |||
| Jul 22, 2026 | Listed by Team Walton Real Estate Professionals | $110,000 | |
| Listed by Team Walton Real Estate Professionals | |||
| May 17, 2021 | Sold | ||
| Sold | |||
| Apr 12, 2021 | Listed by Sound Choice Real Estate LLC | $55,000 | |
| Listed by Sound Choice Real Estate LLC | |||
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Wooded lot with tranquil pond view, available in Dolphin Cove Estates. This lot is perfect for building your dream home. Just a short drive from Bluewater Bay, Niceville, and the gorgeous white sand beaches in Destin.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017