2425 Cove Road
About This Property
Additional highlights include a laundry room, oversized 3-car garage ideal for trucks and outdoor gear, and a landscaped yard with irrigation system, lawn pump, and well with digital timer. Built for comfort and peace of mind, the home features TAEXX in-wall pest control, Fabric Shield hurricane protection, a dimensional shingle roof, crown molding, recessed lighting, and more.
Enjoy a short drive to Navarre Beach, local shopping, and Hwy 98 for an easy commute to Hurlburt Field AFB. Don't miss the opportunity to own this exceptional new home and experience the best of Holley by the Sea living.
Call today for details, color selections, and construction updates.
(Photos shown are of a previously completed home; finishes and fixtures may vary.)This home is under construction with an estimated completion time in late Spring 2027
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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 8, 2026 | Listed by Levin Rinke Realty | $715,000 | |
| Listed by Levin Rinke Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017