280 Timberline Drive
About This Property
Enjoy peaceful lake views from the screened porch, ideal for morning coffee or evening relaxation. Inside, the bright open-concept floor plan showcases luxury vinyl plank (LVP) flooring throughout the home, quartz countertops, white cabinetry, a walk-in pantry, and an upgraded kitchen with a wall oven-providing additional counter space perfect for entertaining family and friends. The dining area is highlighted by a large picture window that frames One bedroom is privately situated apart from the others, making it for a home office, playroom, or guest suite. The expansive lot is truly one of a kind for a newly built home, offering privacy and room to enjoy outdoor living. A large 10x16 shed provides additional storage.
Located south of I-10, this home offers easy access to Eglin Air Force Base and the stunning Emerald Coast beaches. Waterfront living, modern upgrades, and an exceptional lot make this Timber Lake home a rare opportunity.
*Shed conveys
Refrigerator DOES NOT convey
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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 |
|---|---|---|---|
| Mar 25, 2026 | Sold | ||
| Sold | |||
| Feb 16, 2026 | In contract | - | |
| In contract | |||
| Feb 6, 2026 | Price Decreased |
$524,900
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Jan 30, 2026 | Price Decreased |
$529,900
↓ $99
(0%) | |
| Price Decreased | |||
| Jan 9, 2026 | Listed by Coldwell Banker Realty | $529,999 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017