206 Lakeland Drive
About This Property
Step inside to discover an open-concept layout filled with natural light, high ceilings, and elegant finishes throughout. The gourmet kitchen is a true centerpiece, featuring a gas stove, premium stainless-steel appliances, custom cabinetry, and a large island that makes entertaining effortless. The adjoining dining and living spaces flow seamlessly, offering the perfect setting for gatherings both large and intimate. Each of the home's four spacious bedrooms provides comfort and privacy, with thoughtful design touches. The primary suite offers a serene retreat with a spa-inspired bath featuring dual vanities, a soaking tub, and a walk-in shower. Upstairs, guests and family members can enjoy a cozy lounge area complete with two built-in bunk beds perfect for kids or additional guests and a kitchenette, adding convenience for extended stays or multi-generational living.
Outdoors, this property truly shines. Enjoy your morning coffee or evening glass of wine on the private patio overlooking your sparkling backyard pool, perfect for cooling off on warm Florida days or hosting poolside gatherings. You'll also have access to a community pool, giving you even more options to enjoy the sunshine and coastal breeze.
Every detail of this home was designed with coastal living in mind from the airy floor plan to the durable finishes that combine elegance with ease of maintenance.
Located just minutes from sugar-white beaches, award-winning restaurants, shopping, and the best of the Emerald Coast lifestyle, 206 Lakeland Drive offers the perfect blend of comfort, sophistication, and beachside serenity.
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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 |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Oct 21, 2025 | In contract | - | |
| In contract | |||
| Oct 10, 2025 | Listed by The Premier Property Group | $925,000 | |
| Listed by The Premier Property Group | |||
| Jul 1, 2025 | Price Decreased |
$950,000
↓ $45K
(4.5%) | |
| Price Decreased | |||
| May 8, 2025 | Price Decreased |
$995,000
↓ $95K
(8.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017