1736 Wren Way
About This Property
This meticulously cared-for one-owner brick home offers comfort, convenience, and an unbeatable Bluewater Bay lifestyle. Ideally located just a short walk from the Bluewater Bay Marina and the waterfront dining at LJ Schooner's, the home also provides quick access to golf, swimming, tennis, pickleball, and a boat launch. Inside, a spacious kitchen features abundant cabinet and counter space, a dedicated pantry, and a bright eat-in area perfect for casual meals. A separate dining room adds flexibility and can easily serve as an office or additional living space. The generous bedrooms include walk-in closets in both the primary suite and a secondary bedroom, offering excellent storage. More...... The inviting living area includes a cozy gas fireplace, and the beautiful screened in back patio creates a peaceful spot to enjoy Florida evenings year-round. A large laundry room with a sink adds everyday convenience. The home also includes a retractable sliding screen for the two-car garage door, ideal for enjoying fresh air while keeping the space shaded and bug free. Major updates include a roof replacement in 2022, the HVAC system replaced in 2022, and HWH replaced 2026 providing added peace of mind. A termite bond with Terminix is already in place.
Located in the desirable Magnolia Forest subdivision, this home offers a quick drive over the MidBay Bridge to the Destin beaches and an easy commute to Eglin AFB. Zoned for top-rated schools, it's truly move in ready and perfectly positioned for anyone seeking comfort, convenience, and coastal living.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017