35
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264 Bay Circle Drive
About This Property
The Mckenzie features a sprawling 3,061 square feet with five bedrooms and three full bathrooms. From the moment you enter this floor plan, you are met with spacious rooms and elegant features throughout the home. Off the front entry hall, is an appointed formal dining room with windows that flood this space with natural light. A large study is just across the hall that makes a perfect space for a library, home office, or formal sitting room.
Continue through the foyer to the grand living area that is open and a kitchen that features a center island and pantry. There is a dedicated hall that leads from the kitchen to the formal dining room for easy dinner service and clean up. The living area has a trey ceiling which elevates this area and gives the feel of high ceilings.
Off the living area you will find access to the primary bedroom that is tucked discreetly at the back of the home for privacy. The primary bedroom has trey ceilings, a spacious ensuite bathroom that holds the walk-in closet, a soak tub and separate shower
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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 |
|---|---|---|---|
| Jul 12, 2026 | In contract | - | |
| In contract | |||
| Jul 7, 2026 | Listed by DR Horton Realty of Emerald Coast LLC | $799,900 | |
| Listed by DR Horton Realty of Emerald Coast LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017