21 Sapling Street
About This Property
Outdoors, the home boasts a large paver patio, a saltwater, heated, Gunite/Pebble Tech pool and spa as well as a fenced-in backyard with privacy fence, irrigation system, and iPhone-controlled pool and spa equipment. Gutters, downspouts, and rain chains have been installed to siphon water away from the home, and twinkling lights and landscape lighting have been added to enhance the backyard ambiance. The home also features over 390 sq ft of covered porches, including a large, inviting screened-in porch. The extended garage has custom storage and a commercial grade floor treatment as well as a washtub. Additional highlights include an alarm system with door and window sensors, a Culligan reverse-osmosis water filtration system, and a 24 KW whole-house generator. This is truly a one-of-a-kind home, offering all-one-level living with high-end finishes, custom upgrades, and ample space for entertaining and relaxing.
Homeowners can access Watersound Origins fitness center, seasonally heated community pool, and direct dock access to Lake Powell with kayaks and canoes provided by the community. Plus the Executive Golf course, tennis / pickle ball courts, basketball court and hiking/biking trails all within the community. Watersound Origins also connects to the Panama City Beach Conservation Park via a 5-mile trail for the nature lover. Located just a short distance from the community town center with Brand New Publix, Scenic Highway 30A with countless dining, local shopping, events, and attractions. Owners also have the opportunity to join the St. Joe Beach Club featuring: private beach access, beach services, 2 pools, multiple restaurants, and a bar with gulf views, 2 private golf courses (Camp Creek and Sharks Tooth ) and the brand new Lifestyle Center at Camp Creek. Please inquire with membership for more info and latest offerings.
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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 |
|---|---|---|---|
| Jul 13, 2023 | Sold | ||
| Sold | |||
| Apr 11, 2023 | Listed by Berkshire Hathaway HomeServices | $1,650,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017