309 Rue Martine
About This Property
Located on a quiet cul-de-sac, exclusivity and privacy compliment relaxed coastal living. Second floor living spaces are perfectly positioned to capture views of emerald green waters and allow for single floor living with a bedroom, bath, kitchen, living, dining, and wrap-around balcony all located on the same floor.
Tastefully decorated yet pleasantly relaxed, interiors beg guests to sit back and stay awhile. Exposed rafters and upholstered wicker hint at an earlier time and compliment modern conveniences. In this home, you know upon entry that you are destined to have a good time. All furnishings are included with the purchase of this home including French antiques and original art. White linen slip covers contrast with stained hardwoods for a play on crisp coolness against chestnut imperfection. Understated interiors are careful not to compete with this home's focus on the water. Downstairs is reserved for laid back living with multiple sleeping areas and its own private living space. Directly off the beach walkover and conveniently adjacent to the private garage, this floor provides a private retreat for a family or a lively group of kids. The third floor provides safe haven for more guests with two additional bedrooms with private baths. The mood on three remains casual and attention remains on the water. Sunset begins and ends in the top floor widow's walk with wall-to-wall windows. 360-degree views renew the senses and calm the anxious soul. This charming residence is conveniently located in the guard-gated, gulf front neighborhood of Caribe in South Walton County. Caribe boasts some of the Emerald Coast's broadest private beaches and offers chair service. Two private pools and tennis courts are included in this sidewalk neighborhood. Caribe does allow limited vacation rentals. 309's owner supplements operating costs with $95,000+ in annual rental income. Please call today for your private showing.
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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 |
|---|---|---|---|
| Aug 24, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed by Keller Williams Realty Destin | $1,276,800 | |
| Listed by Keller Williams Realty Destin | |||
| Jun 16, 2016 | Listed by Keller Williams Realty Destin | $1,276,800 | |
| Listed by Keller Williams Realty Destin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017