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1668 Ella Lane
About This Property
Additional features include a two-car garage with built-in storage systems, Electric Car Charging System, as well as a whole home Generac Generator. The expansive back patio provides a seamless extension of the living space complete with outdoor kitchen and offers ample room for the addition of a future pool.
Nestled on a quiet street of just 21 homes, Fate's Landing is tucked just off Bay Drive and follows the gentle curve of a former golf fairway, creating a peaceful setting surrounded by nature. Every home backs to a protected wetlands conservation area, offering privacy and beautiful natural views, while a community park awaits at the end of the cul-de-sac.
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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 |
|---|---|---|---|
| Aug 27, 2026 | Sold | ||
| Sold | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Jul 1, 2026 | Price Decreased |
$1,130,000
↓ $65K
(5.4%) | |
| Price Decreased | |||
| Jun 14, 2026 | Listed by Scenic Sotheby's International Realty | $1,195,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Jul 30, 2025 | Listed | $1,150,000 | |
| Listed | |||
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Welcome to 1668 Ella Lane, nestled in Fate's Landing at Bluewater Bay—a charming 21-home community thoughtfully developed by renowned local builder, Randy Wise Homes. Tucked just off Bay Drive, this serene street follows the gentle curve of a former golf fairway, offering a peaceful setting surrounded by nature. Each home backs to a protected wetlands conservation area, with a wide greenbelt and a private park waiting at the end of the cul-de-sac. Completed in 2021, this 3,807-square-foot Southern-style home blends timeless design with modern comforts. A gracious front porch invites you in, while the expansive back porch is perfect for outdoor gatherings and quiet evenings. Inside, you'll find quality craftsmanship throughoutfrom 10-foot ceilings and 8-foot doors to detailed millwork and designer finishes.
The thoughtful layout makes everyday living easy, with a 2-car garage, spacious primary suite, two additional bedrooms, office, laundry, and open living areas all on the main level. Upstairs, a generous family room is flanked by two more bedrooms, each with its own bathroomideal for guests or growing families. Upgrades are in abundance with this home to include an electric car charging station in the garage and whole home GENERAC Generator.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017