21 Onyx Cove
About This Property
Professionally designed and fully updated, this three-story coastal home sits on a quiet cul-de-sac in the gated community of Emerald Shores, just a short walk from the Gulf with exclusive deeded beach access and a private beachfront pavilion reserved for owners and guests.This beloved retreat invites you to continue its legacy as an Airbnb favorite, proudly ranked in the Top 5% worldwide with over 80 glowing reviews. Inside, the home features a bright, open layout with new LVP flooring, vaulted ceilings, and a completely redesigned kitchen showcasing quartz countertops, stainless steel appliances, and custom finishes with a clean coastal aesthetic.
The primary suite on the first floor offers comfort and convenience, along with an updated half bath and full laundry area. On the second level, you'll find two guest bedrooms, each with private balcony access, and a shared bath featuring a fully tiled walk-in shower.
The third floor provides added flexibility with two more bedrooms connected by French doors, both with balcony access, plus a built-in office nook ideal for remote work or study.
Enjoy outdoor living with a screened-in porch, multiple balconies, and room for grilling or relaxing after a day at the beach.
Emerald Shores is one of the only communities north of Scenic 98 with true beachfront ownership, providing residents with access to a private Gulf-front pavilion. Additional community amenities include a beach shuttle, two pools (one heated), tennis, pickleball, and basketball courts, all within a quiet, low-density neighborhood.
With gated access from both Scenic Hwy 98 and Emerald Coast Parkway, you're minutes from shopping, dining, golf, and everything Destin and Miramar Beach have to offer. Most guests take advantage of the walkable location and nearby bike paths, yet the home provides dedicated parking and access to overflow lots for added convenience.
This turnkey beach home blends high-end updates, smart layout, and unbeatable location and with a brand-new roof included, it's a rare opportunity in one of the most desirable communities along the Emerald Coast.
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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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Feb 20, 2026 | In contract | - | |
| In contract | |||
| Feb 9, 2026 | Price Decreased |
$1,165,000
↓ $10K
(0.9%) | |
| Price Decreased | |||
| Jan 22, 2026 | Price Decreased |
$1,175,000
↓ $10K
(0.8%) | |
| Price Decreased | |||
| Sep 23, 2025 | Listed by EXP Realty LLC | $1,185,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017