32 Driscoll Drive
About This Property
Completely renovated down to the concrete block and thoughtfully redesigned, the nearly 4,000-square-foot home offers the peace of mind and insurance advantages of nearly new construction. Timeless finishes include site-finished white oak hardwood floors, Bevolo lanterns, and a top-tier appliance package featuring dual 36-inch Sub-Zero columns, along with Wolf and Bosch appliances. A spacious butler's pantry and extensive custom cabinetry will delight both avid entertainers and serious home chefs.
Designed to capitlize on the stunning waterfront setting, the home captures beautiful bayou and bay views from the main living areas and the primary suite. The primary retreat, which occupies its own wing, features a step-free marble shower, cast-iron soaking tub, thoughtfully designed three-level closet system, private laundry, and a secure safe room.
Boating enthusiasts will appreciate the newly constructed covered dock with a 12,000-pound lift and access to some of the deepest protected waters in Santa Rosa Beach, accommodating larger vessels than many nearby waterfront properties, and a private slipway ramp makes launching paddleboards and kayaks effortless.
The home's western-facing orientation and folding glass wall create... seamless indoor-outdoor living, opening to an expansive pool deck where sunsets become a nightly ritual. The brand new pool and spa are just the icing on the cake. Ideally located on the desirable west end of Santa Rosa Beach, you're less than 10 minutes from 30A's beaches, Grand Boulevard, Publix, and Butler Elementary School.
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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 1, 2026 | Price Decreased |
$3,795,000
↓ $100K
(2.6%) | |
| Price Decreased | |||
| Jun 22, 2026 | Listed by Scenic Sotheby's International Realty | $3,895,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Dec 5, 2023 | Sold | ||
| Sold | |||
| Nov 18, 2023 | No longer available | - | |
| No longer available | |||
| Nov 14, 2023 | Listed by Scenic Sotheby's International Realty | $1,649,000 | |
| Listed by Scenic Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017