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4 Magnolia Drive
About This Property
Spanning nearly 3,500 square feet, the home offers 5 bedrooms and 3 baths, including a first-floor guest suite with ensuite bath and four additional bedrooms upstairs. Warm wood-paneled walls, a striking two-way stone fireplace, and inviting gathering spaces create a cozy, nostalgic atmosphere reminiscent of a mountain lodge by the sea.
Outdoor living is equally appealing with a newly added covered deck (2025) overlooking the private in-ground pool, providing the perfect setting for entertaining and relaxing after a day at the beach. Additional updates include a roof replacement in 2020. The enclosed garage currently serves as a game room and hangout space but could easily be converted back to a traditional garage.
Whether you're dreaming of restoring its original charm, creating a custom coastal retreat, or building new in an exceptional location, this property offers endless possibilities. Homes on Holiday Isle with this combination of size, location, and beach access are increasingly rare. Bring your vision and make this iconic family beach house the foundation for its next chapter.
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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 |
|---|---|---|---|
| Sep 23, 2026 | Sold | ||
| Sold | |||
| Aug 23, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2026 | Listed by The Agency Northwest Florida Beaches | $1,100,000 | |
| Listed by The Agency Northwest Florida Beaches | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017