31 Rosecourt Street
About This Property
Ten-foot ceilings, wide-plank engineered hardwood floors, 8-ft solid-core doors, shiplap feature walls, crown molding, and custom light fixtures create an interior that feels both refined and livable. The chef's kitchen is a showpiece: Wolf range, Liebherr panel refrigerator, Asko panel dishwasher, Sharp microwave drawer, a 10×4 quartz island, tall cabinets with glass uppers, and a stainless hood extending ceiling-height. The living room anchors the main floor with a gas fireplace, shiplap walls, and custom drapery -- effortlessly elegant, made for gathering.
Two primary suites on the main level each offer spa-inspired baths with walk-in showers, upgraded tile, quartz countertops, custom fixtures, and one featuring a walk-in closet with custom built-in wood shelving. Upstairs, a loft lounge and three generously sized king bedrooms with custom window treatments provide ample space for family or guests.
Step outside and you'll never want to leave. A landscape architect-designed backyard delivers true resort-style living: a screened porch with powered screens on three sides, a fully appointed cabana with gas fireplace, Alfresco grill, and beverage fridge, an oversized pergola with seating, a gas fire pit and a stunning custom pool with hot tub/spa, and sun shelf -- all backing to permanent nature conservation. No rear neighbors. Total privacy.
The garage package is equally impressive: two-car plus golf cart garage with epoxy-sealed floors, Tesla charger, built-in storage, utility sink, and spare fridge. Every inch of this home has been thoughtfully executed.
WaterSound Origins is one of Northwest Florida's most sought-after master-planned communities -- a rare blend of natural beauty, walkable design, and upscale amenities set among old-growth longleaf pines just south of US-98. Residents enjoy miles of nature trails, community parks, and a true neighborhood feel that's increasingly hard to find along the Emerald Coast.
Positioned minutes from the famed 30A corridor, this home places you within easy reach of Rosemary Beach, Alys Beach, Watersound Beach, and Seaside -- some of the most desirable coastal communities in the country. World-class dining, boutique shopping, and sugar-white Gulf beaches are all at your doorstep.
Optional membership to the WaterSound Club unlocks an exceptional lifestyle: a Gulf-front Beach Club, multiple resort pools, state-of-the-art fitness center, tennis and pickleball courts, and the legendary Camp Creek Golf Course, Shark's Tooth Golf Club, and The 3rd Golf Course -- three of the premier golf experiences on the entire Gulf Coast.
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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 |
|---|---|---|---|
| Jun 30, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| Jun 4, 2026 | Listed by Christies International Real Estate Emerald Coast | $1,950,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017