117 Reddick Loop
About This Property
Positioned on a secluded loop with gentle elevation above the nearby river valley, the setting feels calm and open, with just enough space to create something meaningful. With well, septic, and power connections already in place, the groundwork is ready for a new owner to build or place a home without the typical hurdles of undeveloped land.
The area is known for its untouched landscapes, freshwater springs, and easy access to outdoor recreation while remaining within reach of nearby towns and the beaches of South Walton. Whether you're planning a permanent home, a weekend retreat, or a simple investment, 117 Reddick Loop offers the kind of natural setting that's increasingly hard to find; quiet, authentic, and ready to make your own.
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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 |
|---|---|---|---|
| Oct 24, 2025 | Listed by Compass | $399,000 | |
| Listed by Compass | |||
| Nov 7, 2016 | Sold | ||
| Sold | |||
| Aug 25, 2016 | Listed by Compass | $44,900 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017