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1963 Baytowne Loop
About This Property
The main-level primary suite includes a spa-like bath with freestanding tub and walk-in shower, plus access to a screened porch overlooking the lagoon. Upstairs offers a second primary suite, two guest bedrooms with private baths, and a versatile loft.
Additional highlights include custom closets, Bluetooth-equipped bathroom fans, an EV charging outlet, outdoor shower, fenced yard, and the added convenience of two golf carts. This property is ideal as a primary residence or short-term rental.
Within Sandestin's gates, residents enjoy four championship golf courses, 15 tennis courts, a 226-slip marina, pickleball courts, a fitness center, spa, shopping, and dining. Outdoor enthusiasts will love the miles of biking and walking trails, kayaking, paddle boarding, boating, fishing, and unforgettable sunset cruises. And of course, more than seven miles of pristine beach and Bayfront - all accessible by golf cart - make every day feel like vacation.
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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 22, 2026 | Price Decreased |
$1,090,000
↓ $9K
(0.8%) | |
| Price Decreased | |||
| Aug 20, 2026 | Price Decreased |
$1,099,000
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Aug 7, 2026 | Price Decreased |
$1,149,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Jun 24, 2026 | Price Decreased |
$1,150,000
↓ $30K
(2.5%) | |
| Price Decreased | |||
| Jun 1, 2026 | Listed by EXP Realty LLC | $1,180,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017