197 Bayshore Drive
About This Property
Only the guest bathroom does not have a direct facing window view of the water.
Waterfront views are unmatched, as is the convenient location. Top rated high, middle and elementary schools are all close-by.
First floor features a large garage and large separate storage room. Second floor includes kitchen, guest room and bathroom, and main living area. Off the second floor is a large screened in porch and 2 decks, one with a porch swing, all of which front the expansive waterfront.
Third floor includes the master bedroom and bathroom with walk-in shower (and yet another expansive view of the water), walk-in closet, laundry room, and yet another deck. Also on the 3rd floor is a 3rd bedroom and closet that serves the current owner as a TV Room with windows on 3 sides and affording additional unique views of the water. Outside, enjoy a deep water 2-level dock, boat lift covered by a metal roof, and adjacent fire pit.
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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%.
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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.
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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 |
|---|---|---|---|
| Jun 12, 2026 | Listed by Keller Williams Realty Nville | $1,099,000 | |
| Listed by Keller Williams Realty Nville | |||
| Dec 10, 2023 | No longer available | - | |
| No longer available | |||
| Sep 14, 2023 | Listed by Keller Williams Realty- Emerald Coast | $999,900 | |
| Listed by Keller Williams Realty- Emerald Coast | |||
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Custom built home on Boggy Bayou offering expansive sunset views and a deep water dock. This multi-story home offers a large garage, storage area and deck on the 1st level, the main living area, kitchen, master bedroom and an additional bedroom on the 2nd level and another living area that could be the 3rd bedroom on the 3rd level. All of these rooms have expansive views over the bayou that cannot be matched!! The manager has listed the unit size as 1800 square feet.
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| Aug 31, 2017 | Sold | ||
| Sold | |||
| Aug 6, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017