396 Beach Bike Way
About This Property
the relaxing oasis you've been dreaming of. Step through the French doors into a beautifully appointed open living space, where abundant natural light creates a welcoming atmosphere.
Coastal elegance is evident throughout, with covered porches, granite countertops, tile floors, crown molding, a breakfast bar, and an open-concept design-all fully furnished for convenience. The large primary bedroom is a true retreat, featuring a private balcony and a spa- like ensuite. Three additional bedrooms provide ample space for family and friends. The garage and additional parking make this cottage a must-see property along the Emerald Coast.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 9, 2026 | Price Decreased |
$1,395,000
↓ $54K
(3.7%) | |
| Price Decreased | |||
| Apr 14, 2026 | Price Decreased |
$1,449,000
↓ $46K
(3.1%) | |
| Price Decreased | |||
| Feb 3, 2026 | Listed by Redfin Corporation | $1,495,000 | |
| Listed by Redfin Corporation | |||
| Jun 8, 2025 | Price Decreased |
$1,599,000
↓ $131K
(7.6%) | |
| Price Decreased | |||
| Feb 27, 2025 | Listed | $1,729,500 | |
| Listed | |||
| | |||
|
This charming coastal cottage is a fantastic investment opportunity, offered turn-key and ready to serve as a lucrative rental, a beach getaway, or your primary residence. Located between Alys and Rosemary Beach on a palm-lined street just steps from the Gulf of America, this home provides
the relaxing oasis you've been dreaming of. Step through the French doors into a beautifully appointed open living space, where abundant natural light creates a welcoming atmosphere.
Coastal elegance is evident throughout, with covered porches, granite countertops, tile floors, crown molding, a breakfast bar, and an open-concept design—all fully furnished for convenience. The large primary bedroom is a true retreat, featuring a private balcony and a spa- like ensuite. Three additional bedrooms provide ample space for family and friends. The garage and additional parking make this cottage a must-see property along the Emerald Coast.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017