1426 Seaside Circle
About This Property
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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 |
|---|---|---|---|
| Oct 14, 2025 | Price Decreased |
$1,274,000
↓ $50K
(3.8%) | |
| Price Decreased | |||
| Aug 28, 2025 | Listed | $1,324,000 | |
| Listed | |||
| | |||
|
Welcome to By the Sea, a gated community on Navarre Beach offering deeded sound access, a sparkling community pool, and the perfect blend of coastal luxury and convenience! The property has consistently generated over $100K in annual rental income for the past three years, making it an outstanding primary residence, second home, or investment opportunity. Conveying with a golf cart (2023 battery) and two brand-new 2024 AC units, this home is move-in and rental-ready. This exceptional 4-bedroom, 4.5-bathroom home enjoys one of the neighborhood's most desirable locations, backing up to over 300 acres of preserved land with sweeping views of the Santa Rosa Sound. From here, you're just a short walk or bike ride to the pool, Gulf beach access 37B, or the Gulf Islands National Seashore with it s 8 miles of pristine, protected shoreline. Step inside to find an open floor plan where natural light and water views create a relaxed coastal ambiance. The chef's kitchen is a true highlight, featuring a spacious island with breakfast bar, granite countertops, stainless steel appliances, and a pantry. The main living area flows seamlessly to a covered deck overlooking the sound and leads to a private outdoor retreat. Here, you'll find a large covered patio, outdoor shower, fire pit, and unobstructed views of the sound! The primary suite is the only bedroom on the second floor, offering a peaceful escape with its walk-in closet, private balcony, and bathroom complete with double vanities, soaking tub, spacious walk-in shower, and private water closet. Upstairs, three additional bedrooms each feature generous closets and private en suite bathrooms. A full laundry room with cabinetry and sink adds convenience to the third level. The home also features an oversized 2 car garage that could double as a workshop. Whether you're seeking a serene coastal lifestyle or a proven income-producing property, this home embodies the best of quaint island life on Navarre Beach!
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| Aug 13, 2021 | Sold | ||
| Sold | |||
| Jul 2, 2021 | Listed by La Florida Coastal Properties | $1,075,000 | |
| Listed by La Florida Coastal Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017