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315 Red Barn Road
About This Property
Positioned along the North Shore of Choctawhatchee Bay, 315 RED BARN RD offers 100' of shoreline, and presents a refined waterfront setting defined by panoramic water views and effortless coastal living. This custom-built residence blends understated elegance with modern construction, creating a private sanctuary, this Bayfront oasis is just moments from the beaches, dining, and conveniences of the 30A corridor. Both the cottage house constructed in 2021, and garage with carriage house built just a few years ago, have been meticulously maintained in exceptional, like-new condition. The construction reflects a commitment to quality and durability, featuring hurricane-rated doors and windows along with a Generac whole-home backup generator with automatic transfer switch for uninterrupted comfort and peace of mind.
The homesite is thoughtfully positioned to capture both privacy and expansive water views, while a 10 x 16 garden shed equipped with an electric panel offers flexibility for future enhancements, including a spa or outdoor living addition.
Plans are available to expand the existing residence, presenting a unique opportunity to further curate and elevate the property into a bespoke waterfront estate.
Enhancing the waterfront lifestyle, the property includes a private dock with three lifts: a boat lift, a sailboat catamaran lift, and a jet ski lift, allowing for immediate access to the bay, Crab Island, and the Gulf beyond.
Further distinguishing the property, it is not located within an HOA and is situated in Flood Zone X, meaning no flood insurance is required.
Set within one of Florida's most dynamic and rapidly growing coastal areas, this offering represents a compelling blend of lifestyle, exclusivity, and long-term value.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017