1901 Catamaran Drive
About This Property
This is not a compromise. This is the waterfront life, fully realized, on one of Navarre's most coveted sound-front lots.
Set on a sound front lot, 1901 Catamaran Dr is a custom executive residence where soaring 18- and 20-foot ceilings frame uninterrupted water views, and every detail has been considered with intention. The chef's kitchen commands the main level -- outfitted with a natural gas range, warming drawer, dedicated ice maker, wine fridge, trash compactor, dual prep stations, and a walk-in pantry with floor-to-ceiling shelving -- all while framing live views of Santa Rosa Sound. Bar seating for four. A formal dining room and casual dining area for every occasion.
The primary suite is a private sanctuary: bamboo wood floors, a dedicated sitting area, direct patio access, a garden tub, a separate tile shower, dual vanities with ample storage, and his-and-hers closets. The screened pool deck offers a front-row seat to the Sound, with an 8-foot-deep pool and a poolside half bath just steps away. Elsewhere: a gas fireplace in the great room, built-in speakers throughout communal spaces, porcelain tile, central vacuum, and a 2nd-floor flex space with custom built-ins. Auto hurricane shutters, full-perimeter storm protection, gutters, seawall, riprap, and a private sandy beach area.
Waterfront & Outdoor
93 ft of Santa Rosa Sound frontage | 300-ft private dock with covered boathouse | Seawall, riprap, and private sandy beach area | Soundfront screened-in pool -- 8 ft max depth | Poolside half bath | Oversized circle driveway with parking for 6+ vehicles | Dedicated boat and/or RV parking on west side | Master gardener-designed landscaping | Well water irrigation system
Garage & Utility
2-car garage with workbench and shop sink | Central vacuum throughout | Natural gas range and gas dryer | Tankless water heater | All smoke detectors dual-certified (CO)
Kitchen
Natural gas range | Warming drawer | Dedicated ice maker | Wine fridge | Trash compactor | Main sink and prep sink | Bar seating for 4 | Formal and informal dining areas | Large walk-in pantry with full surround shelving | Sound views from the kitchen
Interior
18-ft entry foyer ceiling | 20-ft great room ceiling | Porcelain tile throughout main living areas | Bamboo wood floors in primary suite | New carpet -- under 18 months | Gas fireplace | Built-in speakers in communal areas | Uplighting and under-cabinet lighting in kitchen | Kick lighting in primary bath | 2nd-floor flex space with built-in cabinetry and shelving | Split bedroom floor plan
Systems
Tankless water heater | Auto hurricane shutters on two high windows | Storm shutters on all windows | Full gutters | Natural gas (range, dryer, fireplace, water heater)
Location
8 min to Navarre Beach | 15 min to Gulf Islands National Seashore | 40 min to Destin-Fort Walton Beach International Airport | 45 min to Pensacola International Airport
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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 |
|---|---|---|---|
| Aug 17, 2026 | Sold | ||
| Sold | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jun 26, 2026 | Listed by Christies International Real Estate Emerald Coast | $1,550,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
| Dec 3, 2001 | Sold | ||
| Sold | |||
| Dec 28, 1999 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017