53
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35 Bethany Bay
About This Property
French doors open to an elegant formal living room, where soaring ceilings and a wall of sliding glass doors crowned by dramatic transom windows flood the space with natural light. These architectural details frame tranquil views of the private screened-in saltwater pool, creating a seamless indoor-outdoor connection. The adjacent family room, anchored by a gas fireplace, flows effortlessly to the covered back porch and pool terrace--ideal for refined entertaining or relaxed evenings outdoors. The primary suite occupies a private wing with direct pool access and a recently updated spa-inspired bath featuring a soaking tub set within a bay window with granite ledge, a custom glass-enclosed walk-in shower, and an expansive double vanity with generous storage.
The flex room offers exceptional versatility and can serve as a home office, media room, fitness space, or additional guest accommodations. Fresh neutral interior finishes enhance the home's refined aesthetic, while the oversized garage with built-in cabinetry and work surfaces adds exceptional functionality. A well-fed irrigation system supports lush landscaping, and storm shutters, storm doors, and a full-house generator provide peace of mind.
Residents of Emerald Bay enjoy an exclusive golf course lifestyle in one of Destin's most desirable communities--offering elevated coastal living just moments from the emerald waters of the Gulf.
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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 |
|---|---|---|---|
| Jun 24, 2026 | Sold | ||
| Sold | |||
| May 27, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Relisted | $895,000 | |
| Relisted | |||
| Mar 21, 2026 | In contract | - | |
| In contract | |||
| Feb 22, 2026 | Listed by Keller Williams Realty Destin | $895,000 | |
| Listed by Keller Williams Realty Destin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017