1127 Muirfield Way
About This Property
$20,000 Price Reduction! Backyard Fence Added!
Nestled on a spacious 1/3-acre corner lot backing to a peaceful greenbelt, this home offers privacy, flexibility, and an unbeatable lifestyle - all with no HOA! Located in the highly desirable Bluewater Bay community, featuring a golf course, pools, tennis center, marina, restaurants, and miles of walking trails - all just minutes from top-rated schools, military bases, and the world's most beautiful sugar white sand beaches in Destin. Inside, the home features a double-sided fireplace, tile and wood floors, and a spacious primary suite with a sunken tub and open shower. The kitchen offers granite countertops, oak cabinetry, and a breakfast bar perfect for both everyday living and entertaining. Step into the backyard retreat, shaded by mature oak trees, where you'll find a built-in fire pit - the ideal space for relaxing or gathering with friends and family. The expansive lot also offers ample space for boat or RV parking, if desired.
Recent upgrades include new sod, a full irrigation system, exterior lighting, and a brand-new water heater - providing peace of mind and excellent curb appeal.
Whether you're looking for a beautiful primary residence or a strong long-term rental investment, this property truly checks all the boxes.
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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 |
|---|---|---|---|
| Dec 5, 2025 | Sold | ||
| Sold | |||
| Nov 17, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Price Decreased |
$455,000
↓ $20K
(4.2%) | |
| Price Decreased | |||
| Jun 13, 2025 | Listed by The Premier Property Group | $475,000 | |
| Listed by The Premier Property Group | |||
| Aug 22, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017