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1641 Scenic Gulf Drive
About This Property
Upstairs is where the home opens up. The main living level is fully oriented to the Gulf, with floor to ceiling glass carrying views across the entire living, dining, and kitchen footprint. The kitchen is practical and well scaled with stainless appliances, granite surfaces, and custom cabinetry, positioned to stay engaged with the living space rather than separated from it. A gas fireplace anchors the room without competing with the view. A guest suite with a private bath is set off the main area, convenient but not intrusive.
Outdoor living is handled simply and correctly. Wide decks and covered porches extend the main level, creating usable space that stays connected to the interior. A direct staircase runs from the second floor to the beach, paired with an outdoor shower. Functional, expected, and executed without complication.
The top floor is reserved for the primary, which is where the elevation pays off. The suite is positioned to capture the full Gulf exposure, with a recently updated bath that follows the same orientation. Dual vanities, walk in shower, and soaking tub all aligned with the view. An additional ensuite bedroom on this level adds flexibility without taking away from the primary's presence.
The supporting pieces are in place. Ample parking, a two car garage, and real storage for beach equipment. Details that matter day to day and translate directly to rental performance.
Set along Scenic Gulf Drive with quick access to the restaurants, retail, and resort infrastructure of Miramar Beach, this is a no miss Gulf front offering. It is positioned correctly, laid out correctly, and built around the one thing buyers are here for, the water.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017