4 Caba Cove
About This Property
Newly completed and set within the exclusive enclave of The Reserves in Serenity at Dune Allen, this exceptional coastal home is ideally located across 30A and less than half a mile from the new Dune Allen public beach access. Positioned on a private corner homesite at the end of a quiet, no-through street, it offers a rare combination of privacy and convenience.
Designed for both everyday living and entertaining, the home features two spacious levels along with a substantial under-home storage area. The first floor presents a bright, open-concept layout with generous living and dining spaces flowing seamlessly into a chef's kitchen. Highlights include dual breakfast bars, a large island, a dedicated coffee bar, quartz countertops, and brand-new high-end appliances with warranties. Just off the kitchen, a laundry room with a new washer and dryer leads to a balcony with stairs descending to a private, paver-finished backyard--perfect for grilling, relaxing, and outdoor gatherings. This level also includes a bedroom with a full bathroom featuring a custom-tiled shower, quartz countertops, and tile flooring, as well as a convenient half bath. The enclosed under-home space offers ample storage and includes a dedicated golf cart pad.
Upstairs, the second level showcases a luxurious primary suite with a spa-like ensuite bath, complete with a double vanity, quartz countertops, a custom-tiled shower with frameless glass, and a separate soaking tub. This floor also includes an additional bedroom, a bunk room with four built-in bunks, and another full bath with a double vanity. A versatile loft with a wet bar creates an additional living and entertaining space and opens to a large, covered balcony--ideal for outdoor dining and relaxing.
Offered fully furnished with refined coastal finishes, this home combines thoughtful design, elevated features, and a relaxed coastal 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 |
|---|---|---|---|
| Apr 16, 2026 | Listed by Keller Williams Realty Destin | $1,350,000 | |
| Listed by Keller Williams Realty Destin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017