400 Jrs Way
About This Property
This 4-bedroom, 3.5-bath residence spans 2,487 square feet of well-designed living space, backing to a wooded preserve that creates a peaceful, private backdrop. The spacious backyard offers exceptional potential, and professionally drafted pool plans are already in place, making it easy to envision your own custom outdoor retreat. Whether you imagine a resort-style pool, summer kitchen, or expansive lounge space, the groundwork has already begun. Another useful addition is the EV Charger in the 2 car garage. Inside, natural light pours through the open-concept layout, creating an airy, welcoming atmosphere. The main living area flows seamlessly into the dining and kitchen spaces, ideal for both relaxed evenings and entertaining. The kitchen has been upgraded with a double oven, enhanced countertops, stylish backsplash, and generous prep space for everyday cooking or hosting. Added designer lighting in the dining room elevates the ambiance and creates a warm focal point for gatherings.
The primary suite offers a private sanctuary, complete with a custom-built closet system designed for optimal organization. Two additional bedrooms share a convenient Jack-and-Jill bath, while a fourth bedroom is thoughtfully positioned near a full hall bath, perfect for guests, a home office, or flex space.
Beyond the home itself, the location adds even more appeal. Residents enjoy close proximity to the white sand beaches of the Emerald Coast, the charm and dining of Co Hwy 30A, and convenient access to Choctawhatchee Bay for boating and paddle boarding. A walking path leads directly to Emerald Coast Middle School, offering everyday ease for families. Nearby favorites like Eden Gardens State Park provide historic charm and scenic grounds, while miles of hiking and biking trails connect you to the natural beauty that makes this area so desirable.
With quick access to Highway 98, 30A's beach communities, local dining, and outdoor recreation, 400 JRs Way delivers both lifestyle and convenience, positioned in a community that balances tranquility with connection.
This is coastal living with room to grow, space to relax, and a setting designed for both privacy and possibility.
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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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Mar 23, 2026 | Price Decreased |
$615,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Mar 1, 2026 | Listed by Compass | $625,000 | |
| Listed by Compass | |||
| Feb 14, 2025 | Listed | $650,000 | |
| Listed | |||
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Located in The Preserve at Paradise Cove, 400 JRs Way offers a perfect blend of style, comfort, and functionality. This 4-bedroom, 3.5-bathroom home features 2,487 square feet of thoughtfully designed living space in a sought-after community.
Natural light fills the open and airy interior, creating a warm and inviting atmosphere. The main living area flows seamlessly into the dining and kitchen spaces, making it ideal for both everyday living and entertaining. The upgraded kitchen is a standout, featuring a double oven, stylish backsplash, enhanced countertops, and ample workspace for all your culinary needs.
The primary suite serves as a peaceful retreat, complete with a custom-built closet system for optimal storage and organization. The additional bedrooms are generously sized and well-appointed. Two of the bedrooms share a Jack and Jill bathroom, offering convenience and privacy, while the fourth bedroom is located near a hall bathroom upstairs, making it perfect for guests or a dedicated home office.
Outside, the private backyard offers endless potential, with plenty of space for a pool, outdoor entertaining, or simply enjoying the Florida sunshine. Whether hosting a gathering or unwinding in the fresh air, this space is ready to be customized to fit your lifestyle.
Located just minutes from the best of 30A and the Emerald Coast, this home is move-in ready and perfectly positioned for coastal living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017