1402 Winged Foot Drive
About This Property
Located in sought-after Bluewater Bay, this 3-bed, 2.5-bath home features a split floor plan, spacious primary suite with walk-in closet, and dual sinks in both full baths. The eat-in kitchen offers new granite counters, breakfast bar, and a second sink ideal for a wet bar or coffee station. Enjoy the enclosed 4-seasons bonus room (237 sq ft) overlooking a peaceful pond on a level ¼-acre lot.
Upgrades include metal roof (2018), HVAC (2023), and gas water heater (2022). Oversized garage with rear golf cart door. Coffered ceilings in family room and primary bedroom. Termite bond in place since construction. Just a short walk to pickleball courts and the club house. A quick drive to the marina, community pool and the Destin Beaches. Zoned for top-rated schools.
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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 23, 2025 | Sold | ||
| Sold | |||
| Aug 25, 2025 | In contract | - | |
| In contract | |||
| Aug 20, 2025 | Listed by Coldwell Banker Realty | $549,999 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017