97
Map
209 Emmett Drive
About This Property
Located in the desirable Bayshore Place neighborhood, this 4 bedroom, 3 bath home offers 2,534 square feet of thoughtfully designed living space, including a dedicated home office, all on a 0.32 acre lot. The 2023 renovation includes luxury LVP flooring, fresh interior paint, recessed lighting, and an open layout designed for comfortable living and entertaining. The updated kitchen features Moda quartz countertops, modern cabinetry, and Samsung appliances, creating a stylish and functional gathering space. The split bedroom floor plan provides additional privacy, while the spacious primary suite includes double vanities, a freestanding soaking tub, tiled shower, and a large walk-in closet. The heated and cooled Florida room offers flexible living space filled with natural light.
Major updates completed in 2023 include the roof, HVAC system, and water heater, providing peace of mind. The fully fenced backyard with 8-foot privacy fencing offers plenty of room for a future pool or outdoor living space. The oversized driveway accommodates a boat or RV, and the property includes irrigation and a two-car garage. No HOA.
Conveniently located near Eglin Air Force Base, Hurlburt Field, parks, shopping, dining, and the Emerald Coast beaches, this home combines modern updates, space, and location in the heart of Niceville.
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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 |
|---|---|---|---|
| Apr 23, 2026 | Sold | ||
| Sold | |||
| Mar 21, 2026 | In contract | - | |
| In contract | |||
| Mar 16, 2026 | Listed by Berkshire Hathaway Home Services PenFed Realty | $719,900 | |
| Listed by Berkshire Hathaway Home Services PenFed Realty | |||
| Jun 5, 2023 | Sold | ||
| Sold | |||
| Jan 24, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017