1005 Pine Lake Drive
About This Property
Upstairs, you'll find four spacious bedrooms and two full bathrooms, providing plenty of room for family and guests. The main level features a welcoming living room, a formal dining room, a well-appointed kitchen with a separate cooktop and raised wall oven, a versatile bonus room that's perfect for a home office, playroom, or additional living space, and a convenient half bath.
This home has been thoughtfully maintained with several important updates, including updated electrical, a 2019 water heater, and a 2016 HVAC system. This home is equipped with paid-off solar panels and a Tesla Powerwall home battery system, providing reliable backup power during outages, improved energy efficiency, and lower electricity costs by storing energy for use when you need it most.
Situated on a generously sized lot, the property boasts beautiful front and back yards, a charming full-length front porch, and ample parking.
Don't miss this opportunity to own a beautiful home in the heart of Niceville, just minutes from top-rated schools, parks, shopping, dining, and everything the area has 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 19, 2026 | Price Decreased |
$385,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Jul 15, 2026 | Listed by Keller Williams Realty Destin | $390,000 | |
| Listed by Keller Williams Realty Destin | |||
| Jan 11, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017