104
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110 Highpoint Drive
About This Property
Experience elevated coastal living in this contemporary Gulf Breeze home featuring panoramic bay views, a striking downtown skyline backdrop, and direct views of the iconic bay bridge. Situated on a .437-acre lot, this property offers 3 bedrooms, 2.5 baths, plus an office with a closet that can function as a fourth bedroom. The home was taken down to the slab and fully renovated, with a design focused on maximizing natural light and capturing water views from multiple living spaces.
Inside, floor-to-ceiling windows facing the bay fill the home with natural light, complementing vaulted ceilings and an open layout. The interior offers a blend of modern finishes and functional design, suitable for both everyday living. Show moreShow lessWaterfront Views | Downtown Skyline | Bay Bridge
Experience elevated coastal living in this contemporary Gulf Breeze home featuring panoramic bay views, a striking downtown skyline backdrop, and direct views of the iconic bay bridge. Situated on a .437-acre lot, this property offers 3 bedrooms, 2.5 baths, plus an office with a closet that can function as a fourth bedroom. The home was taken down to the slab and fully renovated, with a design focused on maximizing natural light and capturing water views from multiple living spaces.
Inside, floor-to-ceiling windows facing the bay fill the home with natural light, complementing vaulted ceilings and an open layout. The interior offers a blend of modern finishes and functional design, suitable for both everyday living and entertaining. The lot provides space for a potential pool, with a rendering available in the photos for reference.
The property offers convenient access to the Intracoastal Waterway and the ability to reach area beaches by boat, supporting a variety of waterfront and recreational activities. Located in a golf cart-friendly community, the neighborhood features a relaxed coastal setting. Convenient to beaches, shopping, dining, and downtown Pensacola.
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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.
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Address: 335 Madison Avenue, New York, NY 10017