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351 Maravilla Drive
About This Property
Inside, the 1,404-square-foot home offers a comfortable single-level floor plan with three bedrooms and two baths. Recent seller updates include fresh interior paint and new washer, dryer and dishwasher. Additional improvements include an exterior repaint and rebuilt back deck in 2022, additional HVAC vents, a UV air-purification system, and programmable keyless entry.
Offered furnished with seller personal exclusions, the property also includes a six-passenger golf cart. With its gated setting, proximity to the beach, community amenities, garage and short-term rental capability, 351 Maravilla Drive offers a turnkey opportunity in the heart of Miramar Beach, convenient to shopping, dining, and entertainment at Silver Sands, Destin Commons, Grand Boulevard, and beyond.
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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 |
|---|---|---|---|
| Sep 21, 2026 | In contract | - | |
| In contract | |||
| Sep 15, 2026 | Listed by Scenic Sotheby's International Realty | $699,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Aug 2, 2021 | Sold | ||
| Sold | |||
| Jul 20, 2021 | No longer available | - | |
| No longer available | |||
| Jul 19, 2021 | Listed by Scenic Sotheby's International Realty | $599,000 | |
| Listed by Scenic Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017