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1853 Boardwalk Drive
About This Property
The main level is designed for gathering, anchored by an open living area that flows effortlessly into the kitchen and outdoor patio. Granite countertops, stainless steel appliances and a pantry provide everyday functionality, while the spacious layout allows for comfortable entertaining. A convenient half bath serves guests downstairs, and the extended patio creates an inviting setting for outdoor dining, grilling and evenings overlooking the golf course.
Upstairs, each bedroom enjoys the privacy of its own ensuite bath. The primary suite features dual sinks, a separate soaking tub, a walk-in shower and a private terrace with golf course views that make morning coffee or an evening wind-down especially appealing. A guest suite includes a king bed and a bath with a shower-tub combination, while the bunk room is arranged for maximum flexibility with two sets of bunk beds, a trundle and its own ensuite bath.
Additional details from the successful vacation rental setup enhance the home's appeal, including travertine flooring, coastal interiors and two golf carts that are included in the sale. With access to the Villa Lago community pool and clubhouse along with the full collection of Sandestin amenities, including championship golf, tennis, a full-service marina, miles of walking and biking trails, and the pristine white-sand beaches of the Emerald Coast this property presents a compelling opportunity as a second home, full-time residence or income-producing retreat.
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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%.
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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 |
|---|---|---|---|
| Jul 30, 2026 | Price Decreased |
$995,000
↓ $105K
(9.6%) | |
| Price Decreased | |||
| May 2, 2026 | Listed by Scenic Sotheby's International Realty | $1,100,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Mar 4, 2023 | No longer available | - | |
| No longer available | |||
| Sep 2, 2022 | Listed by SRE | $1,289,000 | |
| Listed by SRE | |||
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With the 5th Fairway of the Baytowne Golf Course in your backyard, this 2-story rental capable home offers a full car garage, spacious living area, and primary suite with a private balcony. Upon entering the foyer, you are greeted with tall ceilings & tile flooring. The open living area encompasses a comfortable living room, dining space with seating for six, and a kitchen featuring granite countertops, stainless steel appliances, and a pantry. The covered patio is perfect for an evening chat or sit under the stars on the extended paver patio. Ascend to the second floor, where you will find all 3 bedrooms. Two guest suites offer a private bathroom. The primary suite includes a walk-in closet, private balcony, & en-suite bathroom with a large soaking tub, separate shower, and double vanity. The manager has listed the unit size as 2182 square feet.
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| Sep 10, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017