4064 Burning Tree Drive
About This Property
Inside, you'll find a spacious open concept living and dining area, ideal for both everyday living and entertaining. The space is filled with natural light and accented by hardwood floors and a freshly updated ''coastal-meets-farmhouse'' design, including bright shiplap details in the living room. The dining area is generously sized to accommodate a large table or can easily function as a home office.
The kitchen offers ample cabinetry, extensive countertop space, and an impressive walk-in pantry. A cozy breakfast nook at the back of the home overlooks the professionally designed backyard perfect for relaxed mornings.
Step outside to your own private retreat! The professionally remodeled backyard features a custom fireplace, gunite pool/hot tub (with gas-heater, for those chilly NW FL winter nights), extended paver outdoor living area and one exceptionally producing peach tree. The covered back porch and backyardbordering a privately owned horse stablecreate a serene outdoor setting rarely found in Destin.
The thoughtfully designed split floor plan includes a spacious primary suite with an en-suite bath and walk-in closet. One guest room sits just off the living room with views of the front yard, while another is located on the East side of the home overlooking the jasmine-lined side yard. A separate guest wing at the rear of the home features two bedrooms and a full bath with direct access to the pool area.
Additional highlights include a new 5-ton HVAC (never be hot again!) (2025), roof (2021), Hot Water Heater (2020), remodeled pool & equipment (2022), see documents for entire list of renovations.
Windsor Forest is a well-established, family-friendly neighborhood with a voluntary HOA. Its central location provides easy access to schools, shopping, dining, and all that Destin has to offer, while maintaining a peaceful residential atmosphere.
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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 |
|---|---|---|---|
| Jul 25, 2025 | Sold | ||
| Sold | |||
| Jul 15, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Listed by Taylor Allen Properties LLC | $874,000 | |
| Listed by Taylor Allen Properties LLC | |||
| Jul 8, 2023 | No longer available | - | |
| No longer available | |||
| Jun 30, 2023 | Listed by Taylor Allen Properties LLC | $900,000 | |
| Listed by Taylor Allen Properties LLC | |||
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This house will not be on the market for long, it is a rare jewel! It has 5 bedrooms so everyone in the family can have their own space. It has 3 full bathrooms, so you'll never have to wait. The spacious open concept living/dining space is perfect for entertaining. Spend fun sunshine filled days in the newly remodeled gunite pool, chilly evenings in the hot tub or heat the pool with the new heater you can control from your cell phone. Unwind from the stressors of life on the covered back porch in the excessively private backyard. It literally backs up to a privately owned horse stable! If that is not enough, this home is tucked away in an intimate cul-de-sac neighborhood off highly desired Indian Trail. The manager has listed the unit size as 2602 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017