131 Wright Circle
About This Property
Located in the highly sought-after Bluewater Bay community, this home offers convenience and lifestyle alike with just a 10 minute commute to the heart of Destin, approximately 15 minutes to Eglin Air Force Base, and about 20 minutes to Duke Field. Residents enjoy close proximity to Fred Gannon Rocky Bayou State Park, the Bluewater Bay Marina, golf and tennis facilities, local restaurants, and access to one of the area's top-performing school districts.
Hot Water Heater: 2025 Rheem 65 Gallon with heat pump.
Front door: 2025
AC: 2010
Roof: 2013
Primary Bathroom remodel: 2025
Kitchen updates: 2025
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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 |
|---|---|---|---|
| Jun 29, 2026 | Sold | ||
| Sold | |||
| Jun 2, 2026 | In contract | - | |
| In contract | |||
| May 27, 2026 | Price Decreased |
$399,000
↓ $16K
(3.9%) | |
| Price Decreased | |||
| May 17, 2026 | Listed by Christies International Real Estate Emerald Coast | $415,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
| Aug 29, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017