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256 Leaning Pines Loop
About This Property
The kitchen anchors the home with stone countertops, a custom island, and premium appliances including 66-inch dual column refrigeration and a five-burner gas range. Two living areas and a dedicated office provide flexibility, while expansive sliding doors bring in natural light and connect seamlessly to the outdoors. The primary suite features a spa-style bath with a freestanding soaking tub and oversized glass shower.
Outdoor living includes a covered lanai, screened pool with glass safety divider, extended lounging areas, and a private wooded backdrop with a paver fire pit. A mosquito misting system enhances comfort year-round.
Additional highlights include heated/cooled 3 car garage with storage system and epoxy flooring and a whole home generator. Recent improvements include New Roof (2021), Rinnai Tankless Water Heater (2022), New Electrical Panel (2021), Pool Enclosure Rescreened (2022), New Pool Filter (2024), New Pool Heater (2025), full list available upon request.
Residents enjoy resort-style amenities including a championship golf course, tennis, equestrian center, community pool, fitness, trails, and owner's clubhouse, all just minutes from the beaches, dining, and boating of Destin.
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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