21 Scuttle Hole Road
About This Property
The first floor includes an entry foyer, staging area, humidity-controlled wine cave, oversized laundry room with washer/dryer, storage closet, half bath, bar with sink/refrigerator/ice maker, and guest bedroom with king-sized bed, full bath & double closets. The laundry room opens to an exterior walkway with access to an outdoor shower with hot & cold water. The second floor includes a guest suite with full bath, laundry closet with washer/dryer, and primary suite. The guest suite includes a "swinging" king bed & two custom wall mount bunk twin beds, bathroom with double sinks and soaking tub & shower, and walk-in closet. The double-door entry to the primary suite has a feature wall behind king-size Tempur-Pedic bed with dual controls, built-in cabinets, morning bar with refrigerator, and wall-mounted television. The master bath includes a spa bath with a freestanding tub and double head shower with Kohler audio system, double sinks, Bidet toilet, and walk-in closet with vanity table, lighted mirror & sink. The primary suite leads out to a private covered 2nd floor porch with forever Gulf views from the swinging bed.
The third floor with 11 1/4 ft ceilings includes the main living room with gas fireplace, dining room, kitchen, bar with sink/ice maker/refrigerator, half bath, and bedroom with full bathroom with double sinks. The gourmet kitchen has high-gloss white cabinets, backsplash window, corner pantry, and center island. Kitchen has Jenn Air appliances including refrigerator, gas range, double ovens, built-in microwave, built-in coffee/cappuccino maker, and dishwasher. The 3rd floor covered balcony is accessible from the living room and the kitchen with retractable sliding glass wall doors that open to a corner porch with a built-in Lynx grill & dining area with beautiful sugar sand & Gulf views.
The fourth floor includes ocean-view living room, half bath, and junior primary suite. The living room has a wet bar area with liquor storage, Sub-Zero wine tower refrigerator, & icemaker as well as television retractable from ceiling stowage. The junior suite with Gulf views includes a king-sized bed and bath with double closets, storage closet, shower, and double sinks. The 4th floor balcony is accessible from the living room as well as the junior primary suite. This balcony is 447 sq ft with forever Gulf views covered terrace with gas firepit sectional seating & television sectional seating areas.
This contemporary home has been professionally furnished and styled for the beach community south of 30A.
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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 |
|---|---|---|---|
| Apr 16, 2026 | Price Decreased |
$4,749,000
↓ $236K
(4.7%) | |
| Price Decreased | |||
| Mar 5, 2026 | Price Decreased |
$4,985,000
↓ $10K
(0.2%) | |
| Price Decreased | |||
| Dec 11, 2025 | Price Decreased |
$4,995,000
↓ $300K
(5.7%) | |
| Price Decreased | |||
| Oct 10, 2025 | Price Decreased |
$5,295,000
↓ $205K
(3.7%) | |
| Price Decreased | |||
| Jul 10, 2025 | Listed by 850 Properties - Santa Rosa Beach | $5,500,000 | |
| Listed by 850 Properties - Santa Rosa Beach | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017