176 Cove Drive
About This Property
Offered fully furnished and rental-ready, this home also includes the added peace of mind of a whole-home Generac generator. Step inside to discover a thoughtfully renovated kitchen featuring modern finishes, ideal for effortless entertaining or relaxed meals after a day on the beach or golf course.
QUARTZ White Carrara counters installed in kitchen February 2026.
The open-concept living and dining areas are light-filled and welcoming, with large windows that frame stunning views of both the golf course and the bay. Tasteful furnishings enhance the space, creating an inviting atmosphere for everyday living or hosting guests. Both bedrooms are generously sized, while the updated bathrooms offer modern comfort and style.
To complete the lifestyle, a 6-seater golf cart is available for purchase separately, fun for enjoying everything Sandestin has to offer, from pristine beaches and championship golf to shopping, dining, and entertainment.
This is effortless Sandestin living at its bestmove-in ready and ready to enjoy.
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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 |
|---|---|---|---|
| Mar 30, 2026 | Sold | ||
| Sold | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Feb 1, 2026 | Listed by Compass | $819,000 | |
| Listed by Compass | |||
| Sep 2, 2025 | Price Decreased |
$829,000
↓ $20K
(2.4%) | |
| Price Decreased | |||
| Jul 14, 2025 | Price Decreased |
$849,000
↓ $11K
(1.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017