1016 Pathways Drive
About This Property
Exiting through the sliding glass doors, the screened-in patio provides additional seating areas and easy transition to the backyard. The heated pool and spa is the centerpiece of the gorgeous outdoor living space. Providing both privacy and comfort, the ample-sized cabana houses seating around the gas fireplace and TV wall, making it a seamless transition from the outdoor grill to friends and family enjoying the outdoor entertainment. The privacy fence accompanies charming landscaping, creating the perfect atmosphere for entertainment and privacy.
Offering a lifestyle of both modern convenience and appreciation of the natural environment, the 1,400-acre WaterSound Origins community is located near all the highlights of South Walton including beaches, shopping, and dining. Amenities include the Village Commons with resort style swimming pool, an events lawn, fitness center, and sports courts plus parks, walking trails, and access to Lake Powell with complimentary kayaks for residents' use. Origins Golf Club is a six-hole regulation short course located within the community that also plays as a nine-hole executive course or a 10-hole, par-3 layout. The growing WaterSound Origins town center at the front of the neighborhood includes a Publix grocery store, multiple restaurants, and other services. Owners have the opportunity to join the WaterSound Club with multiple amenities to members including private beach access, beach services, swimming pools, dining, two private golf courses, and the brand-new Lifestyle Center at Camp Creek.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Sep 6, 2025 | Listed by Christies International Real Estate Emerald Coast | $1,598,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
| Jun 3, 2025 | Price Decreased |
$1,695,000
↓ $100K
(5.6%) | |
| Price Decreased | |||
| May 1, 2025 | Price Decreased |
$1,795,000
↓ $100K
(5.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017