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1457 Mill Creek Drive
About This Property
What makes this property exceptional is the detached 900 sqft MIL/guest house, a rare find in this neighborhood. Outfitted with full kitchen, living space, bedroom w/walk-in closet, full bath & laundry room, it is ideal for extended family, guests, a home office, or private retreat. Attached is a 332 sqft greenhouse is equipped with water and electricity, creating an ideal space for those with a green thumb and ability for year-round gardening.
The outdoor space features mature landscaping, sprinkler system, rainwater collection system & deep well. Additional highlights include a mini/split HVAC unit in the garage, paver walkways, tiled porches & thoughtful updates throughout. Conveniently located in Baker's desirable Mill Creek Farms community with easy access to Crestview, Duke Field, Eglin AFB & the Emerald Coast beaches. A truly one-of-a-kind property offering a lifestyle rarely found in today's market!
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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 |
|---|---|---|---|
| Nov 1, 2026 | In contract | - | |
| In contract | |||
| Oct 28, 2026 | Relisted | $589,990 | |
| Relisted | |||
| Aug 17, 2026 | In contract | - | |
| In contract | |||
| Aug 12, 2026 | Listed by Coldwell Banker Realty | $589,990 | |
| Listed by Coldwell Banker Realty | |||
| May 27, 2025 | Price Decreased |
$575,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017