2554 Oleander Drive
About This Property
The kitchen boasts ample counter space and cabinet storage, ensuring plenty of room for cooking and entertaining. The primary suite is generously sized to accommodate a king-sized bed, with an ensuite bath that includes a cedar-lined walk-in closet. A bright Florida room off the dining area offers the flexibility to be used as a playroom, office or additional sitting area. Situated on a .33-acre lot, the backyard is fully fenced with plenty of space for a pool, pets or outdoor activities. A deck provides the perfect spot for morning coffee or afternoon grilling. Recent updates, including a three-year-old roof and a brand-new HVAC system, add to the home's appeal and efficiency.
Located just 15 minutes from the back gate of Hurlburt Field and the pristine shores of Navarre Beach, this property offers easy access to military bases, coastal recreation and local conveniences. With no HOA and a large yard, this home is an excellent choice for first-time buyers, military families or those looking to retire in a peaceful setting near the beach.
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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 11, 2025 | Sold | ||
| Sold | |||
| Mar 10, 2025 | In contract | - | |
| In contract | |||
| Mar 7, 2025 | Listed by Scenic Sotheby's International Realty | $325,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Aug 17, 2020 | Sold | ||
| Sold | |||
| May 5, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017