1706 Crestone Cove
About This Property
Located in one of Niceville's most desirable gated communities, this beautifully maintained home features abundant natural light, soaring ceilings, and a loft overlooking the main living area. Expansive windows frame the backyard oasis, allowing sunlight to reflect off the pool and fill the home with warmth.
The primary suite is conveniently located on the main level in a split floor plan design and overlooks the pool with serene preserve views. It has a large walk-in closet. The en suite bath offers a soaking tub, separate walk-in shower, and an oversized double vanity that wraps the corner layout for maximum space and functionality. Upstairs, all guest bedrooms are thoughtfully positioned for privacy, making this layout ideal.
Step outside to your private retreat featuring a 30,000-gallon pool ranging from 4 to 10 feet deep, perfect for swimming, entertaining, and relaxing. The surrounding deck provides ample space for outdoor seating and gatherings. With no rear neighbors and mature trees throughout the lot, the setting is peaceful and private.
Additional highlights include a brand new hot water heater and a 2019 HVAC system. This is a rare opportunity to own a private pool home in Parkwood Estates, one of Niceville's most sought-after neighborhoods.
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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 |
|---|---|---|---|
| Jun 24, 2026 | Sold | ||
| Sold | |||
| May 11, 2026 | In contract | - | |
| In contract | |||
| Apr 16, 2026 | Price Decreased |
$675,000
↓ $14K
(2%) | |
| Price Decreased | |||
| Mar 2, 2026 | Listed by Keller Williams Realty Destin | $689,000 | |
| Listed by Keller Williams Realty Destin | |||
| Oct 9, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017