260 Gulf Bridge Lane
About This Property
The open kitchen was designed for gathering, with Sub-Zero appliances, double ovens, a wine refrigerator, ice maker and generous center island. The home offers three furnished bedrooms, each with its own ensuite bath. Two guest suites are located on the main level, while the second floor is dedicated to a private primary suite with a balcony and spa-inspired bath.
What makes this property especially compelling is the privacy and possibility it offers. The oversized homesite provides room for a pool, carriage house and two-car garage. Approved plans for the carriage house and a third-floor addition with a fourth bedroom and full bath convey with the home. A new roof was completed in 2024, along with newer HVAC systems.
WaterSound Beach is one of those places that continues to stand apart along 30A. Its private beaches, winding boardwalks, coastal lakes and preserved natural landscape create a quiet sense of beauty that is difficult to recreate. Its central location also makes it easy to bike, walk or take a short drive to Seaside, Alys Beach, Seacrest and Rosemary Beach, placing some of 30A's most celebrated dining, shopping and gathering places within easy reach. This is a home with genuine architectural character, exceptional privacy and the opportunity to make it something truly personal.
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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 |
|---|---|---|---|
| Sep 2, 2026 | Listed by Christies International Real Estate Emerald Coast | $2,775,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
| Mar 28, 2002 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017