165 Blue Bell Circle
About This Property
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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 |
|---|---|---|---|
| May 28, 2026 | Sold | ||
| Sold | |||
| May 21, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Listed by Rising Star Real Estate Inc | $925,000 | |
| Listed by Rising Star Real Estate Inc | |||
| Mar 30, 2025 | Price Decreased |
$975,000
↓ $24K
(2.4%) | |
| Price Decreased | |||
| Sep 22, 2023 | Listed | $999,000 | |
| Listed | |||
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Amazing opportunity to own this spacious waterfront home on a huge lot on East Mack Bayou with over 93 feet of water frontage. This waterway leads to the Choctawhatchee Bay, which can lead you to Destin Harbor, Crab Island, or the Gulf! Head to the white-sand sugar beaches of 30A or enjoy year-round fishing from your own backyard. This home is minutes from Sacred Heart Hospital and shopping, restaurants, and entertainment at Grand Boulevard. Bayou Pines has no active HOA, but the property comes with a 1/57th ownership interest and right to use the private boat launch for the neighborhood. This partially furnished home features 3 bedrooms, 3.5 baths, multiple living spaces, office, and huge wrap-around sunroom with water views. On the first floor there is a large sitting room with custom woodwork, fireplace, laundry room, living room with wet bar area, and a bedroom with an en suite bathroom. Upstairs there is a kitchen and dining area with amazing water views, large living area, and two spacious primary suites with water views! The first primary suite is located just off the upstairs living area and has a huge walk-in closet and an en suite with double vanity, whirlpool tub, and separate shower. There is also an office with water views and a half bath near the living area. The second primary suite is separate from the first for privacy and also has a large whirlpool bathtub with a separate shower. Outdoors you will find a huge backyard with beautiful palmetto trees, plants, and flowers. There is plenty of room for a pool! Enjoy Florida living and amazing views on the covered patio. The exterior also has an oversized driveway that can fit 4-5 vehicles, a carport, and a shed. Schedule a showing today! Buyer to verify all pertinent information in listing, including dimensions.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017