2127 Schooner Cove
About This Property
The first floor features a large open floor plan, including a recently updated kitchen with a beautiful tile backsplash and quartz countertops. A special feature of this property is a first floor flex room that can be used as a third bedroom or as a den/guest bedroom. Also on the first floor is a full bath, laundry room and pantry. The house 'lives large' because each of the three floors have different purposes, quickly accessible via the gorgeous staircase. This floor plan provides extra peace and quiet! The second floor features two huge bedrooms, both with en-suite bathrooms, large closets and access to the veranda. The primary bedroom has a spacious, completely remodeled bathroom. The other bathroom features a remodel with a quartz countertop and a unique tile floor. As you travel up to the crows nest, enjoy views from the expansive staircase. Light fills this space as it streams in from above! The crows nest is one of the most remarkable rooms in Sandestin! By day, soak up the sun on the South deck. By night, gaze at the moon and stars! Adjoining the house is a generous flex room which in the past has been used not only for storage, but also as a teenage hang out and art studio. There is plenty of room for the golf cart, which is included in this sale! The metal roof is only two years old. Easy parking and plenty of it, with a double-wide paver pad on the right and single-wide paver driveway on the left. Irrigation system is fed by a well. HOA monthly assessment is very reasonable. Neighborhood pool just steps away! Beach, golf, tennis, dining and shopping...are all readily accessible via golf cart or auto!
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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 |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| Jun 23, 2025 | Price Decreased |
$897,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| May 24, 2025 | Price Decreased |
$898,000
↓ $30K
(3.2%) | |
| Price Decreased | |||
| Apr 24, 2025 | Price Decreased |
$928,000
↓ $19K
(2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017