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3217 Bay Estates Circle
About This Property
Experience waterfront living in the gated community of Burnt Pine, where panoramic bay views, spectacular sunsets, and exceptional indoor-outdoor living define this impressive estate. Situated on approximately one-half acre, this residence offers over 4,000 square feet of living space with expansive windows designed to showcase its waterfront setting.
Property Features & Specifications
- Location: Burnt Pine, Sandestin Golf and Beach Resort
-Waterfront: Bayfront with panoramic water views
-Lot Size: Approximately ½ acre
- Living Area: Over 4,000 square feet
2026 Improvements:
-New roof
-New exterior paint
-New window hardware
-Soaring ceilings and expansive floor-to-ceiling windows
-Abundant natural light throughout
Open-concept living and entertaining spaces
Seamless indoor-outdoor living
Waterfront views from nearly every room
Outdoor Living & Entertainment
Infinity-edge swimming pool overlooking the bay
Expansive outdoor entertaining areas
Unobstructed panoramic waterfront views
Spectacular sunset views
Spacious waterfront setting ideal for relaxing or entertaining
Community & Resort Amenities
-Located within the private, gated BurntPine community
-Access to Sandestin Golf and Beach Resort amenities, subject to applicable memberships and privileges
-Championship golf courses
-Nearby marina and boating opportunities
-Resort dining, shopping, and entertainment
-Minutes from the white-sand beaches
Listed By
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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 |
|---|---|---|---|
| Aug 1, 2026 | Price Decreased |
$4,749,000
↓ $450K
(8.7%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed by LPT Realty LLC | $5,199,000 | |
| Listed by LPT Realty LLC | |||
| Jun 13, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017