284 Overlook Drive
About This Property
Few neighborhoods like this exist along the Emerald Coast. The beach is never crowded with approximately 1,300 feet of gulf front, and there is common access area to the lake, which is perfect for fishing. You will enjoy private beach access and the Gulf Pines neighborhood has a large common area gulf front pavilion on 100 front feet of beach for enjoyment. Neighbors gather to toast the sunset at the beach pavilion. Golf carts are one of the main modes of transportation in the community and there is ample parking at the beach for your golf cart. Gulf Pines is nestled between two resorts and is conveniently located near the Emerald Coast's finest dining and shopping. You are minutes from Silver Sands Premium Designer Outlet, Grand Boulevard, Market Shops and Baytowne Wharf at Sandestin and ten theatres at Grand Boulevard. A hospital and medical offices are nearby as well as grocery stores, golfing and tennis. We invite you to see this home that is offered by the original owner and has never been on a rental program. $84k+ Rental Projections.
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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 |
|---|---|---|---|
| Apr 25, 2023 | Sold | ||
| Sold | |||
| Apr 7, 2023 | No longer available | - | |
| No longer available | |||
| Apr 5, 2023 | Relisted | $1,750,000 | |
| Relisted | |||
| Mar 30, 2023 | No longer available | - | |
| No longer available | |||
| Feb 20, 2023 | Price Decreased |
$1,750,000
↓ $25K
(1.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017