$915,000
●
House -
Off Market
198 Medley Street
Inlet Beach, FL 32461
4 Beds
4 Baths
2,450 Ft²
$5,047
Est. Monthly
About This Property
Incredible price reduction.Exceptional value. Welcome to 198 Medley
Street, a charming and elegant home perfectly positioned in
the desirable Winter Garden Phase of Watersound Origins.A single
story house thoughtfully designed and built to balance every day
living and comfort. Meticulously maintained by the original owners,
this 2450 sq ft open floor plan has 4 Bedrooms and 4 Full Bathrooms
plus an Office space. Built in 2015 and completed in 2016,
this home has been significantly enhanced with many
upgrades.* (Details Below. Click on ''More'')
Also unique to this property is the Lot, providing privacy and a shaded path beyond the landscaped backyard. Surrounded by a white picket fence.Generous in size with gardens and a patio. The custom built in fireplace on the back screened in porch is a must see and favorite spot for family and friends alike.
*Improvements (Details)
-New Trane HVAC system installed November, 2024
-New Navian Tankless Water Heater Installed October, 2025
-House Repainted (siding,trim and fencing) January, 2025.Two coats, Benjamin Moore.
-Whole House Backup Generator (Generac-air cooled). Extended Warranty valid through November 29
-Bosch Appliances (refrigerator, stove with induction cooktop, dishwasher) installed over the the past 3 years. Gas Hookup for Gas Range is plumbed if desired to convert back to Gas.
-During initial construction, replaced tub in master bath with dressing table.
-During initial construction, expanded laundry room relative to initial floor plan.
-During initial construction, installed dry bar in general living area.
-During initial construction, installed gas fireplace on rear screen porch with TV
overhead.
-Epoxy floor in garage.
-Gutters
-Plantation Shutters
-ADT and Nest Security System
-Ceiling Speakers throughout the main part of the house, Master Bedroom and Back Screened in Porch.
Sony 75" TV with Enhanced Sound System, Office Desk, TV on Rear Porch, Outdoor Gas Grill, Patio Umbrellas convey.
Sonos Amp and and Apple TV Unit Connected to the Sony 75" TV in main area do not convey.
Schedule your showing today.
Also unique to this property is the Lot, providing privacy and a shaded path beyond the landscaped backyard. Surrounded by a white picket fence.Generous in size with gardens and a patio. The custom built in fireplace on the back screened in porch is a must see and favorite spot for family and friends alike.
*Improvements (Details)
-New Trane HVAC system installed November, 2024
-New Navian Tankless Water Heater Installed October, 2025
-House Repainted (siding,trim and fencing) January, 2025.Two coats, Benjamin Moore.
-Whole House Backup Generator (Generac-air cooled). Extended Warranty valid through November 29
-Bosch Appliances (refrigerator, stove with induction cooktop, dishwasher) installed over the the past 3 years. Gas Hookup for Gas Range is plumbed if desired to convert back to Gas.
-During initial construction, replaced tub in master bath with dressing table.
-During initial construction, expanded laundry room relative to initial floor plan.
-During initial construction, installed dry bar in general living area.
-During initial construction, installed gas fireplace on rear screen porch with TV
overhead.
-Epoxy floor in garage.
-Gutters
-Plantation Shutters
-ADT and Nest Security System
-Ceiling Speakers throughout the main part of the house, Master Bedroom and Back Screened in Porch.
Sony 75" TV with Enhanced Sound System, Office Desk, TV on Rear Porch, Outdoor Gas Grill, Patio Umbrellas convey.
Sonos Amp and and Apple TV Unit Connected to the Sony 75" TV in main area do not convey.
Schedule your showing today.
Unit Size
2,450 Ft²
Days on Market
172 days
Land Size
-
Price per sqft
$383
Property Type
House
Property Taxes
$436
HOA Dues
-
Year Built
2016
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 months ago (ECAR #995298)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 4, 2026 | Sold | ||
| Sold | |||
| Jun 30, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Price Decreased |
$939,000
↓ $36K
(3.7%) | |
| Price Decreased | |||
| May 6, 2026 | Price Decreased |
$975,000
↓ $20K
(2%) | |
| Price Decreased | |||
| Apr 8, 2026 | Price Decreased |
$995,000
↓ $40K
(3.9%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
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Sold On
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HOA + Taxes
About Walton
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Listed by: Elizabeth H Doody, Compass
Last Updated: 3 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 995298
Last Updated: 3 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 995298
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