139 Millstone Drive
About This Property
At the center of the home, the expansive living, kitchen, and dining area is designed for gathering and everyday ease. A large kitchen island anchors the space, complemented by floor-to-ceiling custom cabinetry, quartz countertops, a wine fridge, and thoughtful details that blend beauty with functionality. The open layout creates a seamless flow for entertaining while maintaining a warm and inviting atmosphere.
The primary suite offers a private retreat with a custom-designed closet and a sense of quiet comfort that carries throughout the home. Each additional bedroom is thoughtfully positioned to provide flexibility and privacy for guests or everyday living.
Outdoor spaces are equally compelling. A private pool and hot tub create a peaceful setting surrounded by mature trees and a fully fenced backyard, while the screened-in back porch invites long summer evenings spent outdoors in comfort and shade. The home's setting within this treed community enhances the sense of privacy and connection to the surrounding landscape. Additional features include a detached two-car garage and a location that places the best of the Emerald Coast within easy reach. The sugar-white beaches, dining, and shopping along 30A are just a short drive away, while a nearby boat ramp to Choctawhatchee Bay offers convenient access to days on the water.
Blending modern craftsmanship with relaxed coastal living, 139 Millstone Drive presents a home where thoughtful design, natural surroundings, and everyday functionality come together with effortless style.
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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 |
|---|---|---|---|
| Jul 15, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| May 27, 2026 | Listed by Corcoran Reverie SRB | $1,595,000 | |
| Listed by Corcoran Reverie SRB | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017