27 Catface Drive
About This Property
Watersound Origins is more than just a community, it's a lifestyle. Homeowners have access to an impressive collection of amenities including a resort style pool, Origins Golf Course (unlimited for residence plus cart fee if applicable), fitness center, tennis & pickleball courts, footgolf, event lawns, walking trails, playground, basketball court, and a dock on Lake Powell. Lake Powell is one of the largest coastal dune lakes in Florida which are extremely rare worldwide; in the US they only occur along the Gulf Coast. Kayak or paddle board on Lake Powell and experience a unique ecosystem that is only available to approximately 11 locations in the world! Just 2.5 miles away from the home is Inlet Beach Regional Access, the largest public beach access in Walton County, so you can be on the white sand beaches along the emerald waters of the Gulf of Mexico in just 5 minutes! The Watersound Town Center is located at the entrance to the community bordering Hwy 98 and is the future home of a Publix which is estimated to be completed in September and currently hosts a Farmer's Market at the Pavilion on Saturdays offering fresh produce, artisanal foods, and local artists. This is an amazing opportunity to own a beautiful Florida cottage to use as a primary residence or second home within one of the most desirable communities on the Emerald Coast!
Long term rental projections are between $5000-$5500 a month.
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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 |
|---|---|---|---|
| Aug 25, 2023 | Sold | ||
| Sold | |||
| Jan 12, 2023 | Listed by EXP Realty LLC | $1,499,900 | |
| Listed by EXP Realty LLC | |||
| Oct 19, 2022 | No longer available | - | |
| No longer available | |||
| Sep 22, 2022 | Price Decreased |
$1,749,900
↓ $25K
(1.4%) | |
| Price Decreased | |||
| Jul 22, 2022 | Price Decreased |
$1,775,000
↓ $24K
(1.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017