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1505 Pinehurst Cove
About This Property
Welcome to your private oasis in the heart of Niceville! Nestled in the desirable Bluewater Bay community, this beautifully renovated home shines with charm and offers direct access to the Bay golf course on hole #5. Seller offering a $15,000 credit at closing!
Lush, manicured landscaping creates stunning curb appeal and a serene outdoor retreat, while the fully updated kitchen features modern finishes perfect for entertaining family and friends. The luxurious primary suite boasts a recently updated, spa-inspired bath, and the guest bathroom has been tastefully remodeled for comfort and style.
Bright, open living spaces and thoughtful upgrades throughout make this Niceville home truly move-in ready. Enjoy single-family living on a quiet cove street with golf course views, all within Bluewater Bay's amenity-rich setting.
Prime location near top-rated schools, parks, Eglin AFB, and Hurlburt Field -- this is Florida living at its finest! Don't miss this move-in ready gem in one of Niceville's most sought-after golf course communities. Schedule your private showing today.
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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 |
|---|---|---|---|
| Aug 13, 2026 | Sold | ||
| Sold | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jun 20, 2026 | Price Decreased |
$619,000
↓ $6K
(1%) | |
| Price Decreased | |||
| May 13, 2026 | Relisted | $625,000 | |
| Relisted | |||
| May 8, 2026 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017