27 Chance Lane
About This Property
The exterior makes an immediate impression with a concrete finish, cedar shake accents, oversized windows, lush landscaping, landscape lighting, exterior gas lanterns, Ipe decking, and a private heated pool surrounded by peacock pavers. Outdoor living continues with a summer kitchen, turfed green space, and a third-floor balcony overlooking the state forest complete with a wet bar and gas fire feature.
Inside, expansive windows fill the home with natural light while custom cabinetry, solid core doors, and poplar wood ceiling accents create a warm, elevated feel throughout. The first floor features 10-foot ceilings, peacock paver flooring, a guest bedroom, den, and direct access to the pool area. The second floor offers 11-foot ceilings, European white oak wide plank hardwood floors, the main living area, dining space, kitchen, and primary suite.
The chef's kitchen is finished with Thermador and KitchenAid commercial-grade appliances, custom cabinetry, and Taj Mahal leathered quartz countertops. The third floor includes additional guest accommodations, custom built-in bunks sleeping four, and a state forest-facing outdoor living area designed for relaxing or entertaining under the stars.
Thoughtfully designed across three levels, the home offers both everyday comfort and elevated entertaining spaces. A 2-car garage with electric car charger prewire adds convenience, while sound and security prewire bring modern functionality. With new construction, high-end finishes, a private heated pool, and a peaceful setting near the beach, Watersound Beach Club, and The Big Chill, 27 Chance Ln offers a standout opportunity in the Camp Creek area.
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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 3, 2026 | Listed by Christies International Real Estate Emerald Coast | $2,249,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017