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184 S Cove Drive
About This Property
Surrounded by lush landscaping, the outdoor living shines with an oversized TimberTech front porch, expansive back deck, and upgraded dock complete with solar cafe lights--ideal for sun-filled days and relaxed evenings by the pond.
Inside, the home is beautifully furnished and move-in ready, featuring an updated kitchen with French door refrigerator (2024) and 5-burner convection/air-fryer range(2024), plus a luxurious Sleep Number split king adjustable bed. Smart features throughout include keyless entry, upgraded bathroom fans with Bluetooth and night lights, and multiple wall-mounted TVs bringing convenience and style.
This home also features a brand-new roof (2025), new water heater and breaker box (2024), full-size Samsung washer/dryer, oversized parking pad for cars and golf carts, and a custom shed. The cozy screened porch with cafe lights is the perfect retreat after a long day at the beach.
Sold fully furnished, this Fairways gem offers effortless living and access to the world-class resort lifestyle that Sandestin Golf and Beach Resort is known for. As an introduction to the Sandestin lifestyle, we invite our new owners to explore amenities that make Sandestin special. The listing brokerage and seller(s) are presenting the buyer(s) of this property with (2) 90-minute rounds of Tennis court time, a golf foursome at one of our three championship courses, and a round of golf for up to four (4) players at the unrivaled Burnt Pine Golf Club.
Sandestin Golf and Beach Resort features more than seven miles of beaches and pristine bay front, four championship golf courses, 15 world-class tennis courts, a 226-slip marina, a fitness center, spa and celebrity chef dining. Shop, dine and play at the charming pedestrian village, The Village of Baytowne Wharf and more. Inside the gates of the resort, residents enjoy a balanced lifestyle of high-class living, spanning the 2,400 acres from the beach to the bay. Everything within the gates of the resort is accessible by golf cart or bicycle. The entire resort is interconnected by miles of pedestrian, bike and golf cart paths that weave through groves of live oaks, meandering past natural lagoons, fountains, man-made lakes, and meticulously landscaped fairways.
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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 2, 2026 | Price Decreased |
$610,000
↓ $47K
(7.2%) | |
| Price Decreased | |||
| May 23, 2026 | Price Decreased |
$657,000
↓ $32K
(4.6%) | |
| Price Decreased | |||
| Mar 26, 2026 | Price Decreased |
$689,000
↓ $11K
(1.6%) | |
| Price Decreased | |||
| Nov 21, 2025 | Price Decreased |
$699,999
↓ $24K
(3.3%) | |
| Price Decreased | |||
| Oct 3, 2025 | Listed by The Agency Northwest Florida Beaches | $724,000 | |
| Listed by The Agency Northwest Florida Beaches | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017