1435 Bayshore Drive
About This Property
Located on the first level, the primary suite offers a spa-inspired escape, complete with a concrete soaking tub and multi-head custom shower, dual custom walnut vanities, a walk-in closet, water views and direct access to the waterfront porch. Two additional bedrooms with a shared full bathroom are conveniently located on the first floor. A second-story private guest suite offers a quiet haven with its own ensuite bath, walk-in closet and a private balcony overlooking the bay ideal for guests seeking solitude and water views. Across the home, an additional second-level features another guest suite with ensuite bath, plus a dedicated wellness retreat. This calming space includes a wet bar, massage table, cork flooring, a Sunlighten infrared sauna and plumbing for a future cold plunge, all oriented toward peaceful water vistas creating a spa-like sanctuary within the home. A dedicated gym space and laundry room lead to an oversized garage including an EV-ready 220 plug, built-in pressure washer for convenient vehicle washing and storage.
Outside, the property continues to impress with a Cumaru and stone shower, citrus trees, and a regulation-sized sand volleyball court. The 150' Thruflow dock features deep water access, jet ski lift, and power and water service ready for days spent boating to Destin Harbor, Crab Island, or the open Gulf, all just minutes away. Enjoy the best of both worlds peaceful waterfront living in the heart of Niceville, with the dining, shopping, and white-sand beaches of Destin just across the bay. Every detail of 1435 Bayshore Drive was designed for comfort, longevity, and the effortless enjoyment of coastal living.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jun 10, 2026 | Sold | ||
| Sold | |||
| Apr 22, 2026 | In contract | - | |
| In contract | |||
| Apr 3, 2026 | Price Decreased |
$2,995,000
↓ $204K
(6.4%) | |
| Price Decreased | |||
| Feb 25, 2026 | Listed by Scenic Sotheby's International Realty | $3,199,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Jul 7, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017