53
Map
18 Lakeland Drive
About This Property
The well-designed layout provides generous living and entertaining space, ideal for a second home or STR investment. Each bedroom has access to a full bath, while the additional bunk area increases sleeping capacity. Residents and guests enjoy access to a large community pool.
Just one mile from the largest public beach access in Miramar Beach and minutes from Silver Sands Premium Outlets and Destin Commons, this property combines location, lifestyle, and rental potential in one of the area's most desirable communities.
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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 |
|---|---|---|---|
| May 20, 2026 | Price Decreased |
$995,000
↓ $80K
(7.5%) | |
| Price Decreased | |||
| Feb 28, 2026 | Listed by EXP Realty LLC | $1,075,067 | |
| Listed by EXP Realty LLC | |||
| Apr 28, 2025 | Price Decreased |
$1,275,000
↓ $50K
(3.8%) | |
| Price Decreased | |||
| Feb 17, 2025 | Price Decreased |
$1,325,000
↓ $125K
(8.6%) | |
| Price Decreased | |||
| Feb 23, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017