400 Coleman Point
About This Property
Outdoors, the estate feels both cultivated and natural, with manicured gardens, a fountain, and a tranquil bayfront pool. Brick pavers define the walkways, drive, and sunset patio, creating a warm textural contrast to the water beyond. The deepwater dock is a true rarity, upgraded with new Tru-Flow decking, a 42-by-17-foot boat slip with lift, two jet-ski lifts, dredged access, and the capacity to accommodate a 38-foot cruiser. Evening brings a transformation as newly enhanced exterior lighting softly illuminates the trees, gardens, and waterfront. Recent improvements include new landscaping, featuring expanded azaleas and mature cypress plantings, an upgraded irrigation system, updated HVAC, a 2021 concrete tile roof, tandem tankless water heaters, a Generac generator, Ring exterior cameras, and enhanced lighting controls.
Meticulously cared for and architecturally significant, 400 Coleman Point stands as one of northwest Florida's most compelling bayfront estates, offering rare privacy, deepwater access, and a horizon of water that feels endlessly its own.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017