378 Terrapin Trace
About This Property
Friends and family will always feel welcome in this elegant home with plenty of space for entertaining flowing right out the completely screened in back patio. The fully finished three car garage and oversized paver driveway will ensure that parking and storage will never be an issue.
Enjoy the peacefullness of Kelly Plantation in your beautiful home or get out and indulge in the resort-style amenities that the 900 Acre homestead has to offer. Tee off at the premier golf course just at the end of the street, boasting more than 7,000 yards of contoured greens and breathtaking views of the Choctawhatchee bay. Enjoy a game of pickleball, take the little ones to the playgrounds, or work up a sweat at the fitness facilities. Afterward, unwind with a delicious meal at the clubhouse dining or take a dip in the community swimming pool.
With events and activities for every interest, Kelly Plantation truly offers the epitome of luxury living. Don't miss your chance to own a piece of this exclusive paradise tucked behind the gates yet in the heart of Destin - schedule your private showing today and experience the lifestyle you deserve!
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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 |
|---|---|---|---|
| Feb 24, 2026 | Sold | ||
| Sold | |||
| Feb 6, 2026 | In contract | - | |
| In contract | |||
| Dec 16, 2025 | Price Decreased |
$1,249,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Jul 9, 2025 | Price Decreased |
$1,250,000
↓ $138K
(9.9%) | |
| Price Decreased | |||
| Apr 24, 2025 | Relisted | $1,388,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017