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151 Snowdrift Road
About This Property
Imagine floating up to a swim-up cabana bar, drink in hand, while your guests lounge in the in-pool seating as the Gulf Coast sun sets behind you -- this is the backyard that vacation dreams are built on.
The resort-style pool complex is the undisputed centerpiece of this 5,688 sq ft coastal masterpiece -- a sprawling, freeform lagoon-style pool complete with a stunning tiki cabana bar with in-pool seating, a dedicated poolside game room with wet bar, and a private pool bath. Whether you're hosting 20 guests or a quiet evening for two, this outdoor oasis delivers a five-star resort experience without ever leaving the property. Inside, 8 bedrooms with en-suite baths, hardwood floors, quartz countertops, professional-grade appliances, and frameless glass showers match the luxury the pool promises. A custom bunk room, summer kitchen, multiple covered balconies, and upper-level Gulf views round out a home that performs as good as it looks with over $256,000 in rental income already booked for 2026.
Offered fully furnished and turn-key. Your guests are already waiting.
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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 |
|---|---|---|---|
| Sep 25, 2026 | Relisted | $3,800,000 | |
| Relisted | |||
| Sep 10, 2026 | In contract | - | |
| In contract | |||
| Jan 28, 2026 | Listed by Realty ONE Group Emerald Coast | $3,950,000 | |
| Listed by Realty ONE Group Emerald Coast | |||
| May 8, 2024 | Sold | ||
| Sold | |||
| Sep 29, 2023 | Listed by Lambert Realty and Development | $4,100,000 | |
| Listed by Lambert Realty and Development | |||
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Rental Machine with approximately $400,000 in gross rentals for 2022! Only 5 lots back from Beach Access and appropriately named ''Atlantis'', this beautiful, fun & thoughtfully designed Beach Home boasts a huge backyard Oasis with an amazing Resort-Style Pool & Hot Tub and includes a swim up Cabana Bar with in-pool pedestal seating! This beach retreat has 5,688 sq ft, 8 Bedrooms with En Suite Baths plus a poolside Game Room with a Wet Bar & Pool Bath. Offered ''turn key'' and rental ready and finished in a light & airy color palette with an emphasis on Coastal Design, this home features a Designer Kitchen with Professional Grade Appliances, Hardwood Floors, Bunk Room, Quartz Countertops, Frameless Glass Showers, Summer Kitchen and Multiple Covered Balconies with upper level Gulf Views!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017