67
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26 TOPAZ COVE
About This Property
Step inside to the main level, where an open-concept layout creates a bright and inviting space for gathering. The living, dining, and kitchen areas flow seamlessly together, perfect for entertaining or relaxing after a day at the beach. The kitchen is equipped with stone countertops, stainless steel appliances, and convenient access to the pantry and laundry area.
Upstairs on the second floor, you'll find all four bedrooms and two full bathrooms, thoughtfully arranged for comfort and privacy. Step out onto the front-facing balcony and enjoy the coastal breeze.
The third-floor loft offers a versatile bonus space ideal as an additional sleeping area, game room, or home office with access to another balcony for even more outdoor enjoyment.
Enjoy Florida living year-round with both front and rear screened patios, providing the perfect setting for morning coffee or evening relaxation without the bugs.
Located just a short walk to the beach, this home offers easy access to the sugar-white sands and emerald waters that make this area so desirable.
Whether you're looking for a personal retreat or a high-demand rental property, this home delivers location, style, and flexibility in one of the area's most sought-after communities.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 30, 2026 | Price Decreased |
$899,900
↓ $34K
(3.7%) | |
| Price Decreased | |||
| May 7, 2026 | Price Decreased |
$933,999
↓ $36K
(3.7%) | |
| Price Decreased | |||
| May 3, 2026 | Listed by EXP Realty LLC | $969,998 | |
| Listed by EXP Realty LLC | |||
| |||
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Welcome to your slice of paradise in Emerald Shores of South Walton! This charming Key West-style 4-bedroom, 3-bathroom home offers the perfect blend of coastal living and income-producing potential ideal as a vacation getaway, primary residence, or investment opportunity. Step inside to the main level, where an open-concept layout creates a bright and inviting space for gathering. The living, dining, and kitchen areas flow seamlessly together, perfect for entertaining or relaxing after a day at the beach. The kitchen is equipped with stone countertops, stainless steel appliances, and convenient access to the pantry and laundry area. Upstairs on the second floor, you'll find all four bedrooms and two full bathrooms, thoughtfully arranged for comfort and privacy. Step out onto the front-facing balcony and enjoy the coastal breeze. The third-floor loft offers a versatile bonus space ideal as an additional sleeping area, game room, or home office with access to another balcony for even more outdoor enjoyment. Enjoy Florida living year-round with both front and rear screened patios, providing the perfect setting for morning coffee or evening relaxation without the bugs. Located just a short walk to the beach, this home offers easy access to the sugar-white sands and emerald waters that make this area so desirable. Whether you're looking for a personal retreat or a high-demand rental property, this home delivers location, style, and flexibility in one of the area's most sought-after communities.
| |||
| Apr 21, 2026 | Price Decreased |
$969,998
↓ $10K
(1%) | |
| Price Decreased | |||
| Mar 16, 2026 | Listed by EXP REALTY LLC | $979,999 | |
| Listed by EXP REALTY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017