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3640 Lucianne Drive
About This Property
This unique residence features a classic design that includes four bedrooms and three full baths, thoughtfully arranged to create spacious living areas ideal for both relaxation and entertaining. Large windows and inviting living spaces capture views of the creek, fostering a seamless connection to nature and a sense of calm throughout the home.
Designed for comfort and versatility, the residence includes two fully equipped kitchens, multiple fireplaces-both indoor and outdoor-and an expansive wooden porch and deck system perfect for gatherings or quiet mornings overlooking the water. A unique recreation room, built around a magnificent oak tree, stands as a true centerpiece of the property, blending the warmth of natural elements with the sophistication of modern living.
This Holmes Creek retreat offers the perfect balance of elegance, privacy, and connection to the outdoors-a rare find for those seeking a distinguished waterfront lifestyle.
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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 |
|---|---|---|---|
| Nov 11, 2025 | Listed by Performance Realty | $575,000 | |
| Listed by Performance Realty | |||
| Mar 18, 2024 | Listed by Performance Realty | $975,000 | |
| Listed by Performance Realty | |||
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Situated gracefully along the serene banks of Holmes Creek, this Creek Front Estate presents a distinguished opportunity for refined living within a tranquil natural setting. Encompassing nearly 2.5 acres of verdant landscape, this property comprises two distinct residences, embodying a harmonious blend of comfort and functionality.
The primary dwelling, characterized by its timeless architectural design, accommodates four bedrooms and three full baths, thoughtfully arranged to provide spacious living areas conducive to both relaxation and entertainment. Embracing the creek view, multiple rooms within the main home offer glimpses of the serene waters, enhancing the connection to nature and fostering a sense of serenity throughout.
Boasting two fully equipped kitchens and a collection of interior and exterior fireplaces, hosting gatherings and intimate gatherings alike is effortlessly facilitated within this abode. The expansive wooden porch and deck system extend an invitation to outdoor leisure, while the recreation room, ingeniously constructed around a majestic oak tree, serves as a distinctive focal point, seamlessly integrating the natural surroundings with modern living.
The secondary residence, featuring two bedrooms and two baths, complements the estate with its understated elegance and functionality. A spacious sunroom overlooks the tranquil creek, offering an idyllic retreat for quiet contemplation or leisurely gatherings. Outdoor amenities include a pergola and expansive open deck, perfect for alfresco dining and relaxation amidst the enchanting landscape.
Completing the estate are several outbuildings, multiple stone firepits, and a captivating stone waterfall system, each contributing to the property's charm and utility. Holmes Creek, renowned for its abundance of natural springs and access to the Choctawhatchee River, enriches the living experience with opportunities for exploration and recreation.
Conveniently located less than 30 minutes from Panama City Beach, this Creek Front Estate strikes a balance between formal elegance and natural serenity, offering an unparalleled opportunity to embrace refined living amidst the beauty of Holmes Creek. Experience the timeless allure of this distinguished property, where every detail has been meticulously crafted to elevate the essence of home.
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| Nov 6, 2000 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017