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1025 Forest Shore Drive
About This Property
Ideally located just 5 minutes from the beach and moments from Legion Park, residents can enjoy a variety of outdoor amenities including a boat launch, pickleball courts, volleyball courts, playground, grilling areas, and more. Whether you're spending the day on the sand, launching a boat on the bay, or enjoying an active lifestyle at the park, this location offers easy access to the very best of the Emerald Coast.
Perfect as a primary residence or second home, this move-in-ready home combines convenience, comfort, and coastal charm in one of Miramar Beach's most desirable neighborhoods.
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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 |
|---|---|---|---|
| Aug 5, 2026 | Price Decreased |
$565,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$575,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$585,000
↓ $13K
(2.2%) | |
| Price Decreased | |||
| Jul 22, 2026 | Price Decreased |
$598,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Jul 15, 2026 | Price Decreased |
$599,000
↓ $11K
(1.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017