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Map
2 Islandview Drive
About This Property
Back on market, no fault to seller!
Enjoy Gulf access with no flood insurance required!
Situated on a quiet one street community in Mary Esther, this home sits in a neighborhood that comes with something most simply can't offer: a neighborhood dock with Bay access, boat slips available for rent by homeowners, and a pool, just a short walk from your front door. Whether you're launching a kayak at sunrise or just watching the water at the end of the day, this is the kind of lifestyle most people vacation to find. The home itself is warm, spacious, and full of character. Soaring ceilings and fresh interior paint throughout give it an airy feel from the moment you walk in. The living room holds a classic fireplace, the kitchen features granite counters and a wine cooler, and the screened back patio extends your living space into the outdoors year round.
The primary suite includes his-and-hers closets, granite sinks, and a fully tiled shower. Two of the upstairs guest bedrooms offer bonus closet space - perfect for extra storage or a fun hideaway for the kids. A dedicated office space rounds out the layout, giving you room to work from home without sacrificing a bedroom to do it.
Out back, you'll find a large fenced yard with plenty of room to breathe. And the location? It's hard to beat. You're just minutes from Hurlburt Field, making the daily commute almost an afterthought. Navarre Beach and Okaloosa Island are both within easy reach, putting two of the Gulf Coast's most beloved stretches of sand practically at your doorstep. Add in the restaurants, Target, parks, and everyday conveniences all within a mile, and this address delivers a level of convenience that's genuinely rare to find.
Come see why life on Islandview feels right.
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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 |
|---|---|---|---|
| Sep 2, 2026 | In contract | - | |
| In contract | |||
| Aug 17, 2026 | Price Decreased |
$540,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Jul 26, 2026 | Relisted | $550,000 | |
| Relisted | |||
| Jul 25, 2026 | In contract | - | |
| In contract | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017