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1966 Baytowne Loop
About This Property
Inside, white wood-paneled walls, natural wood flooring, and an open-concept layout create a bright and inviting coastal atmosphere. The spacious kitchen features stainless steel appliances, a large breakfast bar, and seamless flow into the main living area and private power screened patio complete with a propane grill and outdoor TV. A first-floor guest suite with en suite bath provides added convenience and privacy.
Upstairs, a secondary living area offers additional space to relax, along with a luxurious primary suite featuring a custom tiled walk-in shower and double vanity. Two additional guest bedrooms and bathrooms provide ample accommodations for family and visitors. Additional highlights include the installed Remy Halo® whole-home air purification system, designed to reduce airborne contaminants and enhance indoor air quality.
Enjoy exclusive access to a private neighborhood pool, two additional resort-style pools, and the vibrant Baytowne Wharf, known for its charming boutiques, lively entertainment, and numerous dining options. Beyond the community, you are just moments from the upscale allure of Grand Boulevard and the world-famous white-sand beaches of Florida's Emerald Coast.
As an introduction to the Sandestin lifestyle, we invite our new owners to explore amenities that make Sandestin special. The listing brokerage and seller(s) are presenting the buyer(s) of this property with (2) 90-minute rounds of Tennis court time, a golf foursome at one of our three championship courses, and a round of golf for up to four (4) players at the unrivaled Burnt Pine Golf Club.
Sandestin Golf and Beach Resort features more than seven miles of beaches and pristine bay front, four championship golf courses, 15 world-class tennis courts, a 226-slip marina, a fitness center, spa and celebrity chef dining. Shop, dine and play at the charming pedestrian village, The Village of Baytowne Wharf and more. Inside the gates of the resort, residents enjoy a balanced lifestyle of high-class living, spanning the 2,400 acres from the beach to the bay. Everything within the gates of the resort is accessible by golf cart or bicycle. The entire resort is interconnected by miles of pedestrian, bike and golf cart paths that weave through groves of live oaks, meandering past natural lagoons, fountains, man-made lakes, and meticulously landscaped fairways.
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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