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1422 Emerald Bay Drive
About This Property
1422 Emerald Bay Drive offers a peaceful sanctuary for enjoying serene sunset vistas, golf, fishing and watersport lifestyle.
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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 |
|---|---|---|---|
| Mar 2, 2023 | Sold | ||
| Sold | |||
| Feb 7, 2023 | No longer available | - | |
| No longer available | |||
| Dec 28, 2022 | No longer available | - | |
| No longer available | |||
| Dec 27, 2022 | Listed by Keller Williams Realty- Emerald Coast | $2,225,000 | |
| Listed by Keller Williams Realty- Emerald Coast | |||
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Discover what bay-front living exemplifies with 97 feet of water frontage! One owner, custom quality built bayfront home on the coveted, peaceful street of Emerald Bay Drive. This sophisticated, yet relaxing haven makes the most of its tranquil, waterfront setting, allowing the beauty of surrounding bay views to create a feeling of relaxation throughout. A striking semicircular driveway surrounded by lush landscaping provides for ample parking for guests and access to the oversized three car garage. Upon entering the home, the infinity pool and expansive breathtaking bay views are impressive. The spacious great room is perfect for indoor/outdoor entertaining. As it opens to a covered porch, cabana and outdoor BBQ area with gas grill and smoker. This quality built home is made from The manager has listed the unit size as 3780 square feet.
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| Dec 6, 2022 | Relisted | $2,226,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017