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19 Diamond Cove
About This Property
This two-story residence features four bedrooms and three full bathrooms, with a flexible layout suitable for primary residence, second-home use, or rental occupancy. Interior living space includes open living and dining areas, a functional kitchen, and multiple indoor and outdoor gathering areas. The home is designed to comfortably accommodate larger groups while maintaining separation of space for privacy.
The property has an established short-term rental history with documented gross rental revenue of approximately $75,400 in 2024 and approximately $83,300 in 2025. Rental performance reflects consistent seasonal demand associated with Emerald Shores' private beach access and community amenities. Short-term rentals are permitted within Emerald Shores, and the home's layout supports sleeping accommodations for multiple guests.
19 Diamond Cove presents an opportunity to own a well-located residence within a gated Miramar Beach community offering private beach access and documented rental history. Detailed rental information is available upon request.
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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 |
|---|---|---|---|
| Apr 30, 2026 | Price Decreased |
$889,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Jan 24, 2026 | Listed by Compass | $899,000 | |
| Listed by Compass | |||
| May 4, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017