240 Blakely Drew Boulevard
About This Property
This home is located in the beautiful Paradise Cove neighborhood. The floor plan features the master bedroom on the 1st floor with entry to the large screened in patio. Three bedrooms are located upstairs, one with an en-suite full bath and a 2nd hall bath delivers an outstanding use of space. Living room is open to the screened-in patio and the large kitchen. The backyard is great for entertaining with an extended stone paver patio with fire pit. The large two car garage also has lots of extra room for storage.
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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 |
|---|---|---|---|
| Apr 21, 2023 | Sold | ||
| Sold | |||
| Nov 6, 2022 | Listed by Forgotten Coast Realty of NW Florida LLC | $635,000 | |
| Listed by Forgotten Coast Realty of NW Florida LLC | |||
| Mar 30, 2020 | Sold | ||
| Sold | |||
| Jun 8, 2016 | Sold | ||
| Sold | |||
| Apr 24, 2015 | Listed by Berkshire Hathaway HomeServices | $393,500 | |
| Listed by Berkshire Hathaway HomeServices | |||
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Quality new construction home in Paradise Cove, South Walton's newest boutique community. Featuring the Stillwater Plan, this charming home will offer 2,363 sq ft with 4 BR, 3.5 BA and a large 2 car garage! The spacious master suite is located on the first floor with 3 additional bedrooms on the second floor. The gourmet kitchen will boast granite countertops, custom cabinetry with easy glide drawers and a Whirlpool appliance package. Additional included home features are 10' ceilings on the first floor, 9' ceilings on the second, a hardwood staircase, a choice of hardwood or porcelain tile for the shared living and dining spaces and carpet in all bedrooms. Nestled on twenty beautiful acres,Paradise Cove is a picturesque neighborhood surrounded by a white picket fence of three and four bedroom cottage-style homes. Amenities will include a resort-style swimming pool with cabanas and a climate controlled area and restroom, a walking path that leads to Lake Paradise, a four acre fishing pond stocked with brim and tiger bass and a common area with green space. Located less than one quarter mile from Emerald Coast Middle School and one half mile from Highway 395, enjoy easy access to the South Walton beaches, area activities and attractions and the neighboring cities of Panama City Beach and Destin.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017