239 Pelican Circle
About This Property
Set on a generous .34-acre lot, this five-bedroom, five-bathroom property includes a detached guest house with its own private suite-perfect for visiting guests, extended family, or a private workspace. The layout is ideal for both full-time living and rental income, offering multiple living areas, ample outdoor space, and a seamless connection between indoor comfort and Gulf-front views.
Recent updates include brand-new impact-rated sliders and windows, a fresh full exterior repaint, and a completely redone outdoor deckall designed to enhance the home's durability and coastal appeal. Inside, natural light pours through expansive openings, highlighting the panoramic Gulf views from the main living area and primary suite.
Outdoors, enjoy a spacious deck perched above the dunes with direct, private beach access. Whether you're hosting a sunset dinner or enjoying a quiet morning coffee, the setting is unforgettable.
With a strong rental track record and walkability to Alys Beach, Rosemary, and Seacrest's best shops and restaurants, this home is as much a smart investment as it is a personal retreat. Properties like thisGulf-front, low-density, and south of 30Ararely become available. 239 Pelican Circle is your chance to own something truly special along 30A
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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 |
|---|---|---|---|
| Apr 23, 2026 | Sold | ||
| Sold | |||
| Feb 7, 2026 | Price Decreased |
$7,500,000
↓ $350K
(4.5%) | |
| Price Decreased | |||
| Jan 20, 2026 | Price Decreased |
$7,850,000
↓ $400K
(4.9%) | |
| Price Decreased | |||
| Apr 11, 2025 | Listed by Christies International Real Estate Emerald Coast | $8,250,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
| Jan 14, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017