1656 Ella Lane
About This Property
Perfectly located in the heart of Bluewater Bay, Fate's Landing residents enjoy premium access to all the resort community's amenities including golf, tennis, pickleball, and pools (separate memberships available for purchase), as well as restaurants, shopping, healthcare, and more. Jump on your bike or golf cart just 0.3 miles to the Bluewater Bay Marina Complex, home of locals' favorite LJ Schooner's Dockside Restaurant and Oyster Bar.
Zoned for highly rated Bluewater Elementary School, with a choice of Ruckel or Destin Middle School, and Niceville High School. Enjoy a quick trip over the Mid Bay Bridge to the famed white sand beaches along the Gulf and the myriad entertainment options available from Destin to 30A.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 2, 2025 | Sold | ||
| Sold | |||
| Jul 28, 2025 | In contract | - | |
| In contract | |||
| Jun 21, 2025 | Price Decreased |
$739,000
↓ $40K
(5.1%) | |
| Price Decreased | |||
| May 22, 2025 | Price Decreased |
$779,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
| Apr 30, 2025 | Listed by EXP Realty LLC | $799,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017