141 Sandchase Circle
About This Property
Watersound Origins homeowners are able to access the fitness center and seasonally heated community pool, as well as dock access at neighboring Lake Powell. Watersound Origins also connects to the Panama City Beach Conservation Park via a 5-mile long trail. Watersound Origins offers plenty of options for the nature and beach lovers alike! Spend your days kayaking, paddle boarding, biking, running or walking along the Watersound trail. Located a short distance from Scenic Highway 30A there are endless dining, event and local shopping options and attractions.
Owners in WaterSound Origins may also have the opportunity to join the St. Joe Beach Club featuring private beach access, beach services, 2 pools, 2 restaurants and a bar with gulf views along with 2 private Golf Courses, Camp Creek Golf Course and Sharks Tooth Golf Course. Please inquire with membership for more info and latest offerings.
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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 |
|---|---|---|---|
| Mar 30, 2026 | Sold | ||
| Sold | |||
| Jun 8, 2025 | Price Decreased |
$1,978,000
↓ $20K
(1%) | |
| Price Decreased | |||
| Nov 24, 2024 | Listed by Inlet Beach Real Estate | $1,998,000 | |
| Listed by Inlet Beach Real Estate | |||
| | |||
|
Entered For Comps Purposes Only. Sold Partially Furnished.
| |||
| Apr 28, 2022 | Sold | ||
| Sold | |||
| Mar 17, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017