1853 Navarre Sound Circle
About This Property
Major Upgrades & Features:
Brand new roof (June 2025)
Septic tank leach field increased & lift station added (Sept 30th 2025)
Lawn pump & pool pump replaced (2025)
Entire interior freshly repainted (Sept 2025)
HVAC replaced (2024)
Solar panels added (2020)
Pool & hot tub added (2019)
Welcome to this beautifully upgraded 3-bedroom, 2-bath home perfectly located near Navarre Beach, popular dining, and shopping. Step inside to an inviting living area featuring high vaulted ceilings, a ceiling fan, and a striking corner fireplace with stone surround. The open-concept layout flows seamlessly into the kitchen and dining area, ideal for entertaining. Off the foyer, you'll find two versatile flex spaces, perfect for a formal dining room, home office, or family room. The kitchen boasts honey oak cabinetry offering ample storage, a pantry closet, sleek black stone countertops, and a wrap-around breakfast bar for casual dining. Retreat to the spacious primary suite with high tray ceilings and relaxing backyard views. The ensuite bath includes a double vanity, a sizeable walk-in closet (plus an additional step-in closet in the bedroom), a sauna, separate walk-in shower, and a garden tub. Enjoy your private backyard oasis complete with a screened patio and ceiling fan, raised deck with pergola-covered hot tub, mid-sized fiberglass saltwater pool, additional patio space, and a storage shed. This home combines thoughtful updates, modern amenities, and unbeatable location, truly a must-see Navarre gem!
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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