$385,000
●
House -
Off Market
2421 Hemlock Drive
Navarre, FL 32566
3 Beds
2 Baths
$2,530
Est. Monthly
$565
HOA / Fees
6.18%
Cap Rate
About This Property
This 3-bedroom, 2-bath home in Holley by the Sea offers 1,436 sqft
of living space on a half-acre lot just 4 miles from Navarre Beach.
The split floor plan offers privacy, while the freshly painted
living area seamlessly transitions into the updated kitchen,
featuring granite countertops, quiet-close cabinetry, and an open
layout designed for everyday living.
Upgrades include a brand-new roof with hurricane clips, a new garage door, and recently replaced major systems (HVAC and water heater in 2019). The 2-car garage and over half-acre lot add both storage and room to grow.
Enjoy the Florida lifestyle outdoors with a heated saltwater pool (2019) and a large pergola (2021) perfect for entertaining. An 800 sq ft concrete pad provides options for a storage shed, workshop, or guest spac This 3-bedroom, 2-bath home in Holley by the Sea offers 1,436 sqft of living space on a half-acre lot just 4 miles from Navarre Beach. The split floor plan offers privacy, while the freshly painted living area seamlessly transitions into the updated kitchen, featuring granite countertops, quiet-close cabinetry, and an open layout designed for everyday living.
Upgrades include a brand-new roof with hurricane clips, a new garage door, and recently replaced major systems (HVAC and water heater in 2019). The 2-car garage and over half-acre lot add both storage and room to grow.
Enjoy the Florida lifestyle outdoors with a heated saltwater pool (2019) and a large pergola (2021) perfect for entertaining. An 800 sq ft concrete pad provides options for a storage shed, workshop, or guest space. Holley by the Sea amenities include pools, tennis courts, a gym, and private water access.
Upgrades include a brand-new roof with hurricane clips, a new garage door, and recently replaced major systems (HVAC and water heater in 2019). The 2-car garage and over half-acre lot add both storage and room to grow.
Enjoy the Florida lifestyle outdoors with a heated saltwater pool (2019) and a large pergola (2021) perfect for entertaining. An 800 sq ft concrete pad provides options for a storage shed, workshop, or guest spac This 3-bedroom, 2-bath home in Holley by the Sea offers 1,436 sqft of living space on a half-acre lot just 4 miles from Navarre Beach. The split floor plan offers privacy, while the freshly painted living area seamlessly transitions into the updated kitchen, featuring granite countertops, quiet-close cabinetry, and an open layout designed for everyday living.
Upgrades include a brand-new roof with hurricane clips, a new garage door, and recently replaced major systems (HVAC and water heater in 2019). The 2-car garage and over half-acre lot add both storage and room to grow.
Enjoy the Florida lifestyle outdoors with a heated saltwater pool (2019) and a large pergola (2021) perfect for entertaining. An 800 sq ft concrete pad provides options for a storage shed, workshop, or guest space. Holley by the Sea amenities include pools, tennis courts, a gym, and private water access.
Unit Size
-
Days on Market
51 days
Land Size
0.58 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$565
Year Built
1996
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 12 months ago (ECAR #986373)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 19, 2025 | Sold | ||
| Sold | |||
| Oct 23, 2025 | In contract | - | |
| In contract | |||
| Sep 28, 2025 | Listed by Hurd Real Estate & Company LLC | $400,000 | |
| Listed by Hurd Real Estate & Company LLC | |||
| Mar 19, 2018 | Sold | ||
| Sold | |||
| Aug 29, 2017 | Listed by Hurd Real Estate & Company LLC | $189,900 | |
| Listed by Hurd Real Estate & Company LLC | |||
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Property Highlights
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Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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Baths
ft²
Price/ft²
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Listed On
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HOA + Taxes
About Navarre
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Listed by: Edson G Hurd, Hurd Real Estate & Company LLC
Last Updated: 12 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 986373
Last Updated: 12 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 986373
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