309 Bayshore Drive
About This Property
The kitchen is the heart of the home and very much a showstopper here! Quartz countertops, a massive island, stainless steel appliances (Full size Fridge and Freezer), gorgeous tile backsplash, Kraft Maid soft close cabinets/drawers, and deep, one basin sink. 5-burner gas cook top with griddle option and true venting range hood. The walk in pantry is fantastic with solid wood shelves, outlet for your cleaning appliances and windows for added natural light. There is a large half bathroom on the mid-level with nice size closet for extra storage.
On the third floor you will find two additional bedrooms, Jack-n-Jill bathroom and the primary suite. Both bedrooms have large walk in closets, ceiling fan and big beautiful windows. They share access to the bathroom, each with their own sinks. The master suite is spectacular as the light reflecting off the water dances into your bedroom. There is also a fabulous covered deck just off the primary suite perfect for watching the dolphins while you brush your teeth. The primary bath is a sanctuary with a separate soaking tub, 8 foot walk-in tile shower with two shower heads, hand held head, double sinks, private potty closet, and an custom closet which will impress the shopper in the house!
Noteable/Additional Items: Tankless Gas Water Heater. 10 ft ceilings on the first and second floor, 9 ft ceilings on the third floor, 8ft solid core interior doors on the first and second floors. 3 Air conditioners units, each with their own controllers. Impact Glass Windows. Spray Foam Ceiling Insulation. Over 700 square feet of porches, all with walnut stained ceilings, and glass balcony railings. 2 Car Garage. Paver Driveway. High end LVP flooring throughout - zero carpet. Hardie Siding, metal roof, composite decking dock recently installed. No Netflix documentaries needed as you can watch the dolphins, manatees, pelicans, and herons make the rounds on the bayou along the calm, spring-fed waters that come from turkey creek. Home is very close to the east gate of Eglin AFB, Destin-FWB Airport and the Destin white sandy beaches (by boat and car)! This is a must see for the boater, the fisherman, the bird watcher, the view seeker-anyone that wants a primo waterfront home! Buyer to verify all dimensions and information that is important to them.
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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 |
|---|---|---|---|
| May 23, 2025 | Sold | ||
| Sold | |||
| Apr 20, 2025 | In contract | - | |
| In contract | |||
| Mar 2, 2025 | Listed by Real Broker LLC | $1,556,054 | |
| Listed by Real Broker LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017