3125 Merion Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| May 20, 2026 | Sold | ||
| Sold | |||
| May 3, 2026 | In contract | - | |
| In contract | |||
| Feb 13, 2026 | Listed by Scenic Sotheby's International Realty | $3,300,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Sep 1, 2025 | Listed | $3,395,000 | |
| Listed | |||
| | |||
|
Located in the highly sought-after, privately gated community of Burnt Pine at Sandestin Resort, this custom-built Mediterranean-style estate offers a rare opportunity to own a home of such exceptional quality. This two-story home showcases the finest craftsmanship, with every detail carefully considered to create a perfect balance of luxury and practicality. Key features include a gourmet kitchen equipped with Sub-Zero and Wolf appliances. A spacious First-Floor Master Suite with separate his-and-her bathrooms along with an attached study, along with a second, ground floor bedroom complete the downstairs living area. The home was completed in 2016 with high-end finishes throughout featuring rich heartwood cabinetry and elegant solid surface flooring showcasing the home's many features The home boasts a private media room, two wet bars, an elevator, and a floor-to-attic cargo lift from the spacious three-car garage to the reinforced attic storage space. Enjoy year-round relaxation with a heated pool and spa, set within beautifully landscaped grounds. The stunning location on the Burnt Pine Golf Course completes the home and provides the owner with privacy and seclusion in a park-like setting. A dedicated well for lawn sprinklers ensures lush, green lawns all year round. Call today to schedule your private showing of this luxurious home.
| |||
| Apr 8, 2025 | Price Decreased |
$3,600,000
↓ $200K
(5.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017