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1319 Capri Drive
About This Property
Following Hurricane Michael, the owners meticulously rebuilt this home from the studs out with the intention of making it their forever home. Quality craftsmanship and thoughtful improvements can be found throughout, including a new seawall, impact-resistant windows and doors, roof, HVAC system, electrical, water heater, exterior siding, flooring, completely renovated kitchen and bathrooms and much more. The rear deck overlooking the canal has also been rebuilt, creating the perfect spot to enjoy morning coffee and afternoon barbecues.
As an end unit, the home benefits from additional privacy, abundant natural light, and only one shared wall, which was rebuilt with soundproofing insulation for enhanced comfort. A portion of the garage has been converted into a heated and cooled fourth bedroom, creating flexible space for guests, a home office, or multi-generational living.
With short-term rentals allowed, the home also offers excellent potential as a vacation rental or second-home investment.
Conveniently located near Tyndall Air Force Base, Lynn Haven Sports Complex, hospitals, shopping, dining and Panama City's beautiful beaches.
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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 |
|---|---|---|---|
| Aug 26, 2026 | Price Decreased |
$429,000
↓ $31K
(6.7%) | |
| Price Decreased | |||
| Jun 10, 2026 | Listed by EXP Realty LLC | $460,000 | |
| Listed by EXP Realty LLC | |||
| Jul 26, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017