26 N Belize Lane
About This Property
The huge 3rd floor features a large great room with TV and large sitting area, storage, extensive bunk beds that could be a 7th bedroom area, a full bath and even a regulation indoor shuffleboard table.
This home must be seen to be fully appreciated and represents a rare opportunity to own a home of this size and magnitude on the south side of 30A in Rosemary Beach. Just a short walk to the community pool, the beach and Downtown Rosemary. The home looks like a brand new model home. The current owners meticulously maintained the home and have recently replaced all of the HVAC units and fully painted the home.
While the home has not been rented previously, rental projections for the home are $265,000.00 annually. Cox Pools has completed plans for a swimming pool, if the future owner would like a pool. This is the best home at the best price on the south side of 30A in Rosemary 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 |
|---|---|---|---|
| Aug 2, 2023 | No longer available | - | |
| No longer available | |||
| Feb 12, 2023 | Listed by Rosemary Beach Realty, Inc. | $6,950,000 | |
| Listed by Rosemary Beach Realty, Inc. | |||
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This quintessential South Side home in Rosemary Beach is one of the largest- boasting over 5,000 square feet of impeccable design and furnishings. Offering first floor living with a Chef's kitchen, Butler's pantry, a primary bedroom and office. On the 2nd floor you will find 4 guest bedrooms, an additional living area and a porch. Head up to the 3rd floor to watch the game in the plush sofas or sleep in the built-in bunks. There is a wet bar, a full bath and game table on this level as well. Gathering spaces are plentiful on all three floors depending on where you prefer to spend time with family. The carriage house has a full kitchen and a wonderful porch for relaxing. A sunny courtyard complete with pool, summer kitchen and porch swing is yours to enjoy!Summer is right around the The manager has listed the unit size as 5304 square feet.
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| Sep 21, 2018 | Sold | ||
| Sold | |||
| Jul 11, 2016 | Sold | ||
| Sold | |||
| Sep 21, 2015 | Listed by The Beach Group Properties LLC | $3,995,500 | |
| Listed by The Beach Group Properties LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017