129 Cayman Cove
About This Property
The master bedroom and on-suite bathroom has been updated with 20" tile floors on the diagonal. The room is very spacious with plenty of windows bringing in natural light. The master bathroom features a double vanity, Whirlpool tub, separate shower, linen closet, and walk-in closet. The guest bedroom has also been upgraded with the 20" tile and has a walk-in closet and on-suite bathroom. The additional guest bedroom is closer to the entry and has wood flooring, huge picture window, and french doors. There is a full size laundry room off of the 2-car garage and a exquisite covered porch surrounded by Spring flowers.
This space is very livable for a full-time residence but with the vicinity to the beach and amenities also makes a great vacation home or full time rental. The infamous Crab Trap restaurant, beachside bar, boardwalk, and pavilion is conveniently located just down the street. Do not miss out on this incredible opportunity to own an affordable beach home in Destiny West!
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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 |
|---|---|---|---|
| Sep 11, 2015 | Sold | ||
| Sold | |||
| Aug 3, 2015 | Listed by ResortQuest Real Estate | $479,000 | |
| Listed by ResortQuest Real Estate | |||
| Sep 26, 2012 | Sold | ||
| Sold | |||
| Jul 1, 2011 | Listed by Sugar Sand Properties Llc | $385,000 | |
| Listed by Sugar Sand Properties Llc | |||
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Charming home in Destiny on quiet cul-de-sac in one of Destin's most exclusive gated communities with only a short walk to the beach! Spacious, open floor plan features 3 large bedrooms and 2 full bathrooms. One of the bedrooms easily serves as a guest suite with private bath. Porcelain tile flooring in the main areas, with wood and carpet flooring the bedrooms. Crown moulding throughout home. There is a large kitchen with plenty of counter space, and a long bar leading into the dining room. Family room has a gas fire-place surrounded by a wood trim mantel. The master bedroom features a large private bath with separate shower and whirlpool tub, plenty of closet space. This home also has a paver driveway leading to a large two car garage. This home is in excellent condition and is move-in ready! Exterior and interior repainted about two years ago. This home has never been on the rental market. Destiny features a host of amenities including a large seasonally heated pool, hot tub, fitness center, tennis courts, clubhouse and easy beach access. This home will make a great primary or vacation home or would be an excellent investment in this area with high rental demand!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017