55
Map
2339 Deadening Road
About This Property
Inside, the kitchen and dining nook combination is appointed with nearly new appliances (list available in documents). The main living area features a wood-burning fireplace that adds warmth and character, with a clean mix of tile and carpet flooring throughout. The primary ensuite is generously sized, featuring double sinks, a separate soaking tub and shower, a private toilet closet, an oversized walk-in closet, and a linen closet. The flexible third bedroom -- currently configured as a home office with views into the Florida room -- opens directly to the living area and can easily be restored to a fully enclosed bedroom by adding a sliding or French door (hallway entrance door is stored in the attic). The exterior is equally impressive - the extended driveway allows for easy pull-through or backing, while the beautifully landscaped yard is served by a dedicated irrigation pump and sprinkler system. Entertain effortlessly on the covered grilling patio with a propane-connected grill, and enjoy the peace of a spacious, private backyard. A dedicated storage shed houses lawn equipment, and a 2-car garage and whole-house generator round out an impressive list of extras. Located in the welcoming community of Sunny Hills, this home offers the best of peaceful Florida living with convenient access to everything the region has to offer. Panama City and its coastline are approximately 25 miles south, and the charming town of Chipley is just 18 miles north. Community highlights include the Sunny Hills 18-hole golf course, a public boat ramp, and the beloved Boat Lake -- a quiet retreat for canoeing, kayaking, paddle boarding, swimming, volleyball, horseshoes, and a playground for the little ones. If you are searching for a move-in ready home in a serene setting without sacrificing access to Florida's waterfront lifestyle, this one checks every box.
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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 |
|---|---|---|---|
| Sep 10, 2026 | Sold | ||
| Sold | |||
| Jun 28, 2026 | Listed by Florida Sales Realty | $292,000 | |
| Listed by Florida Sales Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017