2121 Mar Mar Lane
About This Property
Rarely does a property offer this combination of scale, luxury, and location. Set on over an acre of lush, private land just minutes from the sugar-white sands of Navarre Beach, this stunning three-level home delivers nearly 4,000 square feet of thoughtfully designed living space.
Three expansive levels provide the space and flexibility that families, entertainers, and savvy investors dream of - with room for everyone to spread out and unwind. The chef's kitchen is the heart of the home, outfitted for serious cooking, effortless entertaining, and generous workspace.
Step outside and discover your own private resort. A large patio sets the stage for al fresco dining, sunset gatherings, and leisurely afternoons centered around a beautiful pool enclosed by lush, mature landscaping. The fully fenced backyard delivers serious privacy and tranquility.
Location is everything, and this property delivers. Navarre Beach -- consistently ranked among Florida's most beautiful and uncrowded stretches of coastline -- is just minutes away, putting world-class sand and emerald water at your fingertips.
This home has been utilized as an income-generating STR previously, and is ready to keep produce revenue from day one.
Whether you're seeking a smart investment, a forever home, or the perfect blend of both, this is a rare opportunity on the Emerald Coast.
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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 |
|---|---|---|---|
| Nov 5, 2026 | Relisted | $640,000 | |
| Relisted | |||
| Oct 26, 2026 | In contract | - | |
| In contract | |||
| Oct 16, 2026 | Relisted | $640,000 | |
| Relisted | |||
| Oct 5, 2026 | In contract | - | |
| In contract | |||
| Aug 21, 2026 | Price Decreased |
$640,000
↓ $20K
(3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017