114 Pine Needle Way
About This Property
Set in the Forest District of WaterColor's Phase II, 114 Pine Needle Way offers six bedrooms and six and a half baths across four levels. It's a home made for a full house, with room for everyone to gather and just as much room to retreat. Five of the six bedrooms have their own en suite baths, giving every family, couple or set of cousins a private place to land at the end of the day. Inside, crisp white walls and soft coastal blues create an easy, light-filled calm that carries from room to room. The second floor is the heart of the home: an open living, kitchen and dining space designed for big breakfasts, game nights and dinners that stretch late into the evening. From here, the living area opens onto a 34-foot deck overlooking a private preserve, where the view is framed by nothing but trees and quiet.
Above, a third-floor retreat gives the kids a space all their own, and the tower, complete with its own kitchenette, is the perfect perch for morning coffee or watching the sun go down over the treetops.
Outdoor living is woven throughout. Three sitting areas and five porches invite slow mornings, afternoon naps and long evenings outside, so there is always a quiet corner when you want one and a gathering spot when you don't.
Life in WaterColor is lived on foot and by bike. Camp WaterColor is just moments away, and the Gulf-front Beach Club, with its three pools, is an easy ride down the path. Western Lake, the WaterColor Town Center's shops and dining, and miles of shaded trails are all close by, with Seaside just a short bike ride down 30A.
Whether you're looking for a family retreat to pass down for generations or a home that is ready to welcome guests, 114 Pine Needle Way is ready for its next chapter.
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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%.
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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 3, 2026 | In contract | - | |
| In contract | |||
| Oct 16, 2026 | Listed by Compass | $3,495,000 | |
| Listed by Compass | |||
| Feb 15, 2024 | No longer available | - | |
| No longer available | |||
| Nov 4, 2023 | Listed by Beach Properties of Florida | $4,990,000 | |
| Listed by Beach Properties of Florida | |||
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SELLER OFFERING $80,000 PRIVATE POOL ALLOWANCE with acceptable offer This well maintained 6 bed 6.5 bath in Watercolor phase 2 features 5 of the bedrooms being ensuites. This home is perfect for large gatherings featuring a large living,dining,and kitchen area on the 2nd floor with access ro a 34' wide deck over looking a private preserve Media area on 3rd floor and mini kitchenette on the 4th floor leading to observation deck.The Home has all the privacy and convenience a short distance to Camp Watercolor and a short bike ride to the Beach club Watercolor offers the top Amenities and is regarded as a top Community alone 30A . The manager has listed the unit size as 4864 square feet.
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| Nov 2, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017