3570 Preserve Drive
About This Property
The home showcases masterful craftsmanship, timeless finishes, and meticulous attention to detail. A grand foyer with soaring ceilings, a sweeping staircase, and a custom Dennis & Leen Palace chandelier sets an elegant tone upon entry. The expansive layout blends formal and casual living with effortless flow to the outdoors. The chef's kitchen centers around an oversized Calcutta marble island and features professional-grade appliances, a Francois & Co. pewter range hood with antique brass detailing, Waterstone fixtures, and a Shaw farmhouse sink. Adjacent is a 700-bottle wine cellar finished with Phillip Jeffries gold leaf wallpaper and a custom Paul Ferrante lantern, enclosed behind a striking steel and glass door. The nearby butler's pantry adds additional custom cabinetry, antique mirrored tile, and quartz countertops for seamless entertaining.
The living room is anchored by a statement Francois & Co. limestone fireplace, creating an elegant focal point and inviting atmosphere for gatherings. A highlight of the home is the oversized Florida Room, flanked by retractable patio doors for year-round use. This space offers a full bar with sink, ice maker, dishwasher, and a cozy fireplace, all overlooking the resort-style pool, spa, and screened lanai.
The main-level primary suite is a private retreat featuring wide-plank wood floors, a custom chandelier, dual vanities, a make-up counter, marble finishes throughout, and his-and-her walk-in closets. Also on the main level are a richly appointed office with custom built-ins and an additional guest suite with an ensuite bath.
Upstairs, three more spacious guest suites each feature private ensuite bathrooms. A second laundry room, generous family media room, and an outdoor balcony with sweeping views complete the second level. Additional features include an oversized three-car garage with built-in storage, lush landscaping, and refined finishes throughout.
This exceptional residence offers the pinnacle of luxury living along the Emerald Coast, all within close proximity to Sandestin's championship golf courses, marina, tennis center, private beach, and the upscale shops and dining of Grand Boulevard. Shown by private appointment only.
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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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Sep 19, 2025 | Relisted | $4,655,000 | |
| Relisted | |||
| Jul 11, 2025 | In contract | - | |
| In contract | |||
| Jun 30, 2025 | Price Increased |
$4,678,000
↑ $23K
(0.5%) | |
| Price Increased | |||
| Jun 27, 2025 | Listed by Berkshire Hathaway Home Services PenFed Realty | $4,655,000 | |
| Listed by Berkshire Hathaway Home Services PenFed Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017