21 W Queen Palm Drive
About This Property
Welcome to Twin Palms, one of Inlet Beach's premier coastal-modern rooftop communities. Schedule your private showing today and experience the spacious floor plan and breathtaking rooftop terrace views firsthand. Paradise awaits when you make Twin Palms your new home. This South Walton gem offers the perfect blend of luxury and family-friendly living, ideally located just steps from 30Avenue, the Gulf, and the charming town of Rosemary Beach. Unwind in a private cabana by the community pool, soak in the coastal breeze, and enjoy the laid-back elegance of one of the area's most sought-after neighborhoods.
**Photos are not of actual listing, but to show what finishes and floor plan will look like. Home is not furnished.**
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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 |
|---|---|---|---|
| Mar 23, 2026 | Sold | ||
| Sold | |||
| Feb 28, 2026 | In contract | - | |
| In contract | |||
| Jan 9, 2026 | Price Decreased |
$1,299,000
↓ $36K
(2.7%) | |
| Price Decreased | |||
| Dec 17, 2025 | Price Decreased |
$1,335,000
↓ $5K
(0.4%) | |
| Price Decreased | |||
| Oct 16, 2025 | Listed by EXP Realty LLC | $1,340,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017