1361 Forest Shore Drive
About This Property
The home's open-concept design features high ceilings, abundant natural light, and a split-bedroom floor plan that provides both comfort and privacy. The spacious kitchen is ideal for everyday living and entertaining, complete with stainless steel appliances, quartz countertops, a center island with bar seating, and ample cabinet space. It flows seamlessly into the dining area and living room, where French doors open to the backyard.... and a newly added electric fireplace creates a cozy focal point.
The private primary suite is tucked away and features peaceful backyard views, a generous en suite bathroom with double vanities, a separate shower, and two large walk-in closets. Two guest bedrooms are located on the opposite side of the home, separated by a full bathroom and a powder room for guests. The dedicated office space with French doors makes working from home both functional and stylish.
Recent updates to the home include a new 2025 HVAC system, new whole-house generator, remodeled kitchen, dining room, primary bath, family room, laundry room, closets, and hardwood floors in the bedrooms. The garage has been updated with a new reinforced garage door for added storm protection, built-in cabinetry for additional storage, epoxy floors, and new attic access ladder. The exterior of the home has a Ring Doorbell system for added peace of mind and new brick pavers define the entry. Brick pavers have been added to the rear porch along with a pergola and outdoor fireplace. The landscaping too has been renovated with new sod and outdoor low voltage accent lights.
With its metal roof, attractive brick exterior, and no HOA restrictions, this home offers long-term value and lifestyle flexibility just minutes from the sugar-white beaches, dining, shopping, and golf courses that make Miramar Beach so desirable. Whether you're looking for a primary residence or a second home along Florida's Emerald Coast, 1361 Forest Shore Drive is a must-see.
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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 |
|---|---|---|---|
| Nov 24, 2025 | Sold | ||
| Sold | |||
| Nov 14, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Price Decreased |
$950,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Sep 26, 2025 | Listed by Berkshire Hathaway HomeServices | $975,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
| Oct 31, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017