2601 Edgewater Drive
About This Property
This is a rare opportunity to invest in a premium Niceville location and customize a spacious, character-filled residence to your exact tastes. The generous layout includes a formal dining room and three separate living areas, providing a fantastic footprint to transform into an open-concept masterpiece or a multi-functional family space.
Florida Room Perfection: Enjoy over 500 sq ft of sun-drenched, heated and cooled space wrapped in windows-the perfect peaceful retreat, hobby room, or dramatic reading nook. Peace of Mind: The heavy-lifting is covered with a whole-house Generac system, protective hurricane shutters, and essential systems (Roof and HVAC replaced in 2011).
A Solid Core: Features include a gas fireplace, built-in sprinkler system, and mature landscaping.
Heart of Niceville: Experience the convenience and desirability of living in the Rocky Bayou area, with quick access to top-rated schools, local amenities, and military bases.
Stop dreaming and start designing! With the right vision, this home will quickly become the perfect place to call your own.
Schedule your showing today and unlock the potential of 2601 Edgewater Drive!
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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 |
|---|---|---|---|
| Apr 21, 2026 | Sold | ||
| Sold | |||
| Mar 9, 2026 | In contract | - | |
| In contract | |||
| Mar 7, 2026 | Price Decreased |
$449,000
↓ $21K
(4.5%) | |
| Price Decreased | |||
| Jan 17, 2026 | Relisted | $470,000 | |
| Relisted | |||
| Dec 20, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017