148
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27 Old Ferry Road
About This Property
Step outside to your private double-decker dock featuring power, water, a 10,000 lb boat lift, and a fish cleaning station--perfect for days spent boating, fishing, or paddleboarding right from your backyard. Enjoy a quick 10-minute boat ride to Crab Island, then return home to unwind in the hot tub while taking in breathtaking sunset views over the water.
Inside, the home offers an open-concept layout filled with natural light and water views, creating a seamless connection between indoor and outdoor living. The kitchen is a true focal point with custom concrete countertops, a Wolf gas range, and a ZLINE drawer microwave, blending function and style for everyday living and entertaining. New luxury vinyl plank flooring adds a fresh, modern feel throughout.
Multiple living spaces provide flexibility for gathering and relaxing, while a dedicated home office makes working from home easy. The split-bedroom floor plan offers privacy, with two bedrooms and a full bath on the main level. Upstairs, the spacious primary suite features a private balcony with panoramic water views, along with two additional bedrooms and another full bath.
Outdoor living continues with a built-in grilling station, ideal for hosting and enjoying warm coastal evenings. In addition to the attached two-car garage, the property includes an oversized RV garage and workshop, perfectly suited for a Class B RV, boats, and all your waterfront gear. A whole-house Generac generator adds peace of mind and reliable backup power.
With direct boating access, expansive water views, and space for all your coastal lifestyle needs, this property delivers the kind of waterfront living buyers are actively searching for along the Emerald Coast.
Flood insurance is required, and an elevation certificate is available.
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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 |
|---|---|---|---|
| May 16, 2026 | Price Decreased |
$1,200,000
↓ $50K
(4%) | |
| Price Decreased | |||
| Apr 22, 2026 | Price Decreased |
$1,250,000
↓ $50K
(3.9%) | |
| Price Decreased | |||
| Mar 20, 2026 | Price Decreased |
$1,300,000
↓ $50K
(3.7%) | |
| Price Decreased | |||
| Feb 7, 2026 | Listed by Berkshire Hathaway Home Services PenFed Realty | $1,350,000 | |
| Listed by Berkshire Hathaway Home Services PenFed Realty | |||
| Jan 24, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017