320 Sand Myrtle Trail
About This Property
Upon opening the door, you are greeted with the relaxing water views that complement so much of this home. The living area, which adjoins the formal dining room, faces the huge patio, pool and the beauty of the Choctawhatchee Bay, as does the kitchen, large family room and the sitting room of the master suite. High ceilings, crown molding and large windows enhance the feeling of spaciousness: whether you've gathered a houseful or want time alone, this well-planned property gives you room to breathe!
The kitchen features granite countertops; custom cabinetry with matching Subzero fridge; stainless Kenmore Elite oven, microwave and dishwasher; contemporary glass and tile backsplash; attractive pendant lights; breakfast bar; pantry closet; and extra bar area near the dining room. For cozy evenings, both the family room and the master suite have gas fireplaces.
The master bath includes his-and-hers closets, dual sinks/vanities, a jetted tub and separate shower with dual heads and seat. There's also a large storage closet and cedar closet just nearby! Across the home, three spacious bedrooms and two full baths mean plenty of space for family, guests, projects and more.
Yet the best part is the outdoors! The huge, fully screened lanai includes an under-roof patio and lots of deck space in the sun, including a built-in Fire Magic grill and the perfect pool for big pool parties, lap swimming or just lounging on a float. The backyard is attractively landscaped with native north Florida live oaks and a nice lawn. Approximately 170' long, the boat dock itself allows you to get onto the water! With a boat lift, jet ski lift, storage and seating area, you are well equipped for venturing into the bay, or for enjoying the breeze, sunset and a glass of wine.
Kelly Plantation features secured entry, a clubhouse with pool, tennis, playground, stables and a Fred Couples Signature Golf Coursea€"as well as a fabulous central Destin location making it an ideal home base for enjoying the best of the Emerald 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017