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2436 Bungalo Lane
About This Property
Inside, the open-concept living area is bright and welcoming, filled with natural light and finished with tile flooring and a calm, neutral palette that feels fresh and timeless. The kitchen is designed to gather, featuring granite countertops, light cabinetry, stainless steel appliances, and a dedicated dining space that flows seamlessly for everyday living and hosting. The first-floor primary suite provides the ease of main-level living with a private ensuite bath and a spacious walk-in closet. Upstairs, two guest suites each feature their own bathrooms, extra storage, and durable LVP flooring. The thoughtful layout makes it a great fit for full-time living, a second home, or strong rental potential. Recent improvements include a new roof (2023) and a water heater replacement (2025).
Just down the street, enjoy the community pool and putting green, while golf cart access connects you to the beach, marina, golf courses, tennis and pickleball courts, shopping, dining, and year-round entertainment. From The Village of Baytowne Wharf to Grand Boulevard and the Market Shops, this is true resort style living, making the home equally appealing as a primary residence, a low-maintenance second home, or a strong short-term rental opportunity in the heart of Sandestin.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017