241 Overlook Drive
About This Property
The second level features duel primary suites, both with private balcony access. The main primary bedroom boasts a luxurious ensuite bath with duel vanities, walk-in shower and jacuzzi tub. Also located on the second level is a fun, coastal-inspired bunk roomperfect for younger guests or extra sleeping space.
Ascend to the third level to discover a loft-style bonus room complete with a wet bar and ice makeran ideal setup for entertaining, relaxing, or even working remotely. This versatile space could serve as a media room, game room, or a quiet home office retreat.
Just beyond, the shipwatch offers a peaceful perch with southwestern exposure, where you can enjoy glimpses of the Gulf over a mature canopy of pine trees and take in vibrant sunset vistas from the spacious sundeckperfect for unwinding, sunbathing, or hosting golden-hour gatherings.
In addition to the nearby beach access, this home enjoys a prime central locationjust a one-minute drive to the area's top shopping and dining destinations. Explore over 110 designer and brand-name factory stores at Silver Sands Premium Outlets or enjoy the upscale retail, restaurants, and events at Grand Boulevard. You'll also be just moments from the vibrant atmosphere of Baytowne Wharf in Sandestin, known for its family-friendly entertainment, waterfront dining, and nightlife.
This is a rare opportunity to enjoy the best of coastal livingquiet, private, and naturally beautiful, yet only minutes from everything you love about South Walton.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| May 28, 2025 | In contract | - | |
| In contract | |||
| May 18, 2025 | Listed by Compass | $1,690,000 | |
| Listed by Compass | |||
| Jan 2, 2024 | No longer available | - | |
| No longer available | |||
| Sep 19, 2023 | Relisted | $1,800,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017