109 W Pine Lands Loop #UNITB
About This Property
With over $25K in upgrades, including custom tile floors, quartz countertops, glass mosaic backsplash, designer lighting, and shiplap accents, this 3-bedroom, 2.5-bath home has it all. The open-concept first floor features 10' ceilings, a chef's kitchen with a natural gas cooktop, soft-close cabinets, and stainless steel appliances. Enjoy smart home technology, a powder room, laundry, and a private deck overlooking the serene forest. The second floor offers two spacious guest rooms, a full bath, and a coastal-inspired primary suite with soaring windows, double sinks, and a glass-enclosed shower.
For investors, this property generates top-tier short-term rental income, with over $101K annually in 2023 and 2024. Resort-style amenities include two community pools, a fitness center, and a prime location just across from "The Big Chill," offering restaurants, shopping, and entertainment. Situated between Alys and Rosemary Beach to the east and Watersound and Seaside to the west, this home provides easy access to the beach and the opportunity to join the exclusive Watersound Beach Club.
Schedule your private tour today and start living the coastal dream at 109 W. Pine Lands Loop, Unit B. The home conveys fully furnished and turnkey. A new six-seater electric golf cart can be included with a strong offer. Buyer to verify all dimensions.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Feb 20, 2025 | Sold | ||
| Sold | |||
| Jan 24, 2025 | In contract | - | |
| In contract | |||
| Jan 10, 2025 | Price Decreased |
$906,000
↓ $13K
(1.4%) | |
| Price Decreased | |||
| Dec 22, 2024 | Listed by Corcoran Reverie SRB | $919,000 | |
| Listed by Corcoran Reverie SRB | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017