168 LONG LEAF CIRCLE
About This Property
The 3-bedroom, 3-bathroom main home features an open-concept flow highlighted by 11-foot vaulted ceilings, faux wood structural beam accents, and expansive floor-to-ceiling windows that flood the space with natural light while offering uninterrupted forest views. The gourmet kitchen centers around a dramatic waterfall-edge island, high-end appliances, and a walk-in pantry, flowing seamlessly into the serene living and dining areas. A thoughtful split floor plan ensures complete privacy for the moody primary suite, which includes a custom walk-in closet and a spa-inspired bath with floating vanities and a glass-enclosed shower stall.
Located above the detached garage, the completely independent carriage house operates as a high-performing, income-producing short-term rental. Reached via a private ground-floor entrance and butcher-block staircase, this studio suite features its own kitchenette, mini-split HVAC, full bath, and private 2nd-story balcony overlooking the trees. Outside, the property functions as a true outdoor oasis with a full-length back deck, green lawn space for pets, a custom storage shed styled to match the main house, and an elevated chicken coop. Whether you choose to house-hack by subsidizing your mortgage, lease both units simultaneously to maximize 30A seasonal rental yield, or enjoy a multi-generational sanctuary, this turn-key property is a rare find along the Emerald Coast. Schedule your private VIP showing today!
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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 |
|---|---|---|---|
| Sep 26, 2026 | Price Decreased |
$860,000
↓ $40K
(4.4%) | |
| Price Decreased | |||
| Sep 23, 2026 | Listed by BROKER HUB REALTY GROUP LLC | $900,000 | |
| Listed by BROKER HUB REALTY GROUP LLC | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| Jun 4, 2026 | Listed by 1 Percent Lists Florida Coast | $890,000 | |
| Listed by 1 Percent Lists Florida Coast | |||
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PRICED TO SELL WITH AN ASSUMABLE VA LOAN AVAILABLE!! Welcome to your dream home in beautiful Santa Rosa Beach! This charming property is a hidden gem that truly encapsulates the essence of coastal living -- spacious, warm, and inviting.
With no HOA, this home may be used as a short-term rental, a second/vacation home, or a full-time residence, giving you flexible ownership options. One of the bedrooms is set up as an independent apartment with a separate entrance (Currently being used as an Airbnb) and can be locked off as a rental unit to generate income while you live in the main home. The apartment/ mother-in-law suite with its own balcony is perfect for guests, extended family, or a work-from-home retreat or an income opportunity! The bathrooms feel spa-like with floating vanities and glass enclosed tiled showers.
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| Apr 7, 2026 | Price Decreased |
$890,000
↓ $85K
(8.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017