285 Shalimar Drive
About This Property
and to Destin's world-renowned beaches. Step out your door and hop on your boat for a short ride to the Gulf of Mexico or explore the tranquil bay. Whether you're fishing the bayou, enjoying the breeze, or simply relaxing on your private boat slips, every day feels like a vacation. The leisure lifestyle awaits with endless opportunities for outdoor activities, breathtaking views, and easy access to all the charm and excitement. Make this serene coastal haven your home!
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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 |
|---|---|---|---|
| Jul 25, 2025 | Sold | ||
| Sold | |||
| Jun 9, 2025 | In contract | - | |
| In contract | |||
| May 30, 2025 | Relisted | $535,000 | |
| Relisted | |||
| May 18, 2025 | In contract | - | |
| In contract | |||
| Feb 5, 2025 | Listed by RealJoy Realty LLC | $535,000 | |
| Listed by RealJoy Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017