90
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237 Matties Way
About This Property
Upon entering, you're greeted by a grand and airy open-concept layout designed for effortless entertaining and upscale living. The main level showcases two elegant living spaces, a formal dining room, a full-service wet bar, and an expansive gourmet kitchen featuring a central island, peninsula with bar seating, walk-in pantry, and casual dining area - ideal for hosting intimate dinners or lavish soirees. Don't miss this opportunity! Spacious home located in Kelly Plantation! Golf cart to the beach and enjoy all the ammenities of this fabulous, Golf course and near Gulf private community!
The primary suite on the main floor is a private sanctuary, with its own entrance to the rear of the property. The luxurious ensuite bathroom offers dual vanities, a spa-style jacuzzi tub, water closet, built-in makeup vanity, and an oversized walk-in closet.
Ascend to the second level, where a thoughtfully designed entertainment lounge with a wet bar becomes the heart of the upstairs living space. This floor features two additional bedroom suites, each with private bathrooms and walk-in closets, as well as a spacious bonus room or fourth bedroom with its own ensuite bath and closet. A second laundry room and generous storage spaces further enhance the convenience and functionality of the upper level.
Step outside to a private backyard oasis designed for year-round enjoyment. The expansive screen-enclosed lanai surrounds a resort-style pool and 7+ person spa, perfect for relaxing under the stars or hosting poolside gatherings. A custom-designed, removable child safety fence ensures peace of mind for families. Beyond the lanai, the property opens to a tranquil natural setting - the perfect backdrop for evening bonfires or outdoor entertaining.
Enjoy 18 holes of championship golf, tennis and pickleball courts, two parks with playgrounds, scenic walking and jogging trails, an equestrian center, a dog park, a fitness facility, an owners' club with dining, and a community pool. You can also cast a line in the many ponds throughout the neighborhood. Just beyond the gates, you'll find a variety of restaurants, shops, and everyday conveniences and of course, you're only minutes away from the stunning sugar-white sands of 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 |
|---|---|---|---|
| Sep 30, 2026 | Price Decreased |
$1,449,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
| Sep 16, 2026 | Price Decreased |
$1,499,000
↓ $76K
(4.8%) | |
| Price Decreased | |||
| Jul 29, 2026 | Relisted | $1,575,000 | |
| Relisted | |||
| Aug 26, 2025 | In contract | - | |
| In contract | |||
| Jul 7, 2025 | Price Decreased |
$1,475,000
↓ $24K
(1.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017