162 Charming Way
About This Property
New construction in The Reserves at Serenity at Dune Allen, an exclusive community located less than half a mile from 30A and the new Dune Allen public beach access. This stunning, completed three-story home is thoughtfully designed as a spacious coastal retreat, offering five generously sized bedrooms, each with a private ensuite bathroom, along with multiple bonus spaces ideal for relaxing and entertaining.
The first floor features a bright, open-concept layout with a gourmet kitchen, dining area, and expansive great room. This level also includes a spacious bedroom with a private full bathroom, a convenient half bath, and a welcoming covered front porch.
The second floor offers three generously sized king bedrooms, each with its own ensuite bathroom, along with a versatile loft space that provides additional room for lounging or gathering.
Designed with entertaining in mind, the third floor features a spacious bunk and game room with a loft-style layout, four queen-over-queen built-in bunk beds, a full bathroom, and a wet bar with refrigerator. A large covered balcony completes the third floor, providing an ideal space to relax and enjoy the coastal surroundings. Outdoor amenities include a dedicated golf cart parking pad along the side of the home, an outdoor shower, and a private rear patio finished with pavers and a gas line ready for a grill--perfect for outdoor dining, entertaining, and enjoying the coastal lifestyle.
With its generous accommodations, multiple gathering spaces, and prime location just minutes from the beach, this home offers the perfect combination of luxury, comfort, and coastal living.
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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%.
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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 |
|---|---|---|---|
| Apr 14, 2026 | Listed by Keller Williams Realty Destin | $1,695,000 | |
| Listed by Keller Williams Realty Destin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017