123 Beacon Point Drive
About This Property
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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.
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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 |
|---|---|---|---|
| Sep 2, 2026 | Price Decreased |
$2,390,000
↓ $100K
(4%) | |
| Price Decreased | |||
| Apr 28, 2026 | Price Decreased |
$2,490,000
↓ $100K
(3.9%) | |
| Price Decreased | |||
| Mar 27, 2026 | Listed by Keller Williams Realty Destin | $2,590,000 | |
| Listed by Keller Williams Realty Destin | |||
| Sep 19, 2025 | Listed | $2,490,000 | |
| Listed | |||
| | |||
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Nestled in the serene waterfront community of Sacred Oaks, this two-story home plus lot 20 offers unparalleled privacy with room to expand. With deepwater bayou frontage, two boat docks, a new swimming pool, and a four-person hot tub, this property captures the dream of Florida coastal living. From the moment you arrive, the Southern charm is undeniable, brick-paved streets shaded by moss-draped oaks, French gas lanterns at the entry, and sweeping views of the bayou that opens directly to the Choctawhatchee Bay. Dolphins, osprey, and pelicans are your daily companions in this serene natural setting. Inside, you'll find engineered wood floors throughout, an elevator for convenience, and thoughtfully updated features including expanded upper-level windows to frame the water views, and stylish barn doors in the master bath and laundry. The kitchen, appointed with granite countertops and modern appliances, flows into the living space so you can take in the panoramic water views while you cook. A hidden stairway leads to a spacious attic for storage. This home is fully equipped with natural gas (gas stove, pool heater, and tankless water heater), Culligan water treatment system, and modern smart-home conveniences: phone-controlled garage doors, front door lock, security system, temperature regulation, and cameras. Recently installed fiber optic internet by AT&T ensures fast, reliable connectivity. Outdoor living is where this property truly shines. Two private docks, both with lifts (currently handling a 34' Cobalt and a 24' outboard), feature new decking and even a drawbridge walkway between them. There are also two jet ski lifts, a brand-new seawall, full-property irrigation system, and a newly fenced pool area with extensive paver walkways.
Highlights include:
-Two waterfront lots totaling rare bayou frontage
-Two docks with boat lifts + two jet ski lifts
-Brand-new swimming pool + hot tub
-Elevator + hidden attic access
-Natural gas throughout home
-New seawall, irrigation system, fencing, and exterior decking
-Smart-home features for security and convenience
-Close to white sand beaches, Sacred Heart Hospital, Grand
Boulevard dining & shopping, and A+ rated schools
This property is the perfect blend of classic Southern charm and modern coastal luxury.
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| Nov 15, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017