48
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201 Circle Drive
About This Property
Sewer lines in front of house to remove septic and add a pool and outdoor experience
Designed with vacation guests in mind, the spacious two-story layout provides plenty of room to spread out, while multiple living areas and generous covered porches create inviting spaces for gathering and relaxing after a day at the beach. The home has been refreshed with an updated look and feel, giving buyers the opportunity to step into a property that is ready to be enjoyed without taking on a major renovation.
Located just a short distance from the sugar-white sands and emerald waters of the Gulf, this property combines a desirable beach location with the space and functionality sought after by vacation-rental guests. With four bedrooms, four full baths, ample entertaining space, and convenient beach access nearby, the home offers strong appeal for buyers looking to add a Panama City Beach property to their investment portfolio.
Whether you're searching for your next short-term rental investment, a vacation home that can help offset ownership costs, or your own place near the beach, this remodeled Laguna Beach property is ready for its next chapter.
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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 |
|---|---|---|---|
| Aug 21, 2026 | Listed by EXP Realty LLC | $799,000 | |
| Listed by EXP Realty LLC | |||
| Apr 18, 2022 | No longer available | - | |
| No longer available | |||
| Apr 18, 2022 | Sold | ||
| Sold | |||
| Apr 3, 2022 | Relisted | $599,900 | |
| Relisted | |||
| Mar 7, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017