407 Mill Pond Cove
About This Property
Every detail of this home has been carefully selected to create a perfect balance of luxury, comfort, and functionality. From the resort-style pool and extensive upgrades to the premium cul-de-sac location, this is a rare opportunity to own one of Buxton's Mill's most impressive properties.
Living in Hammock Bay means embracing an unmatched Florida lifestyle. Residents enjoy access to multiple resort-style pools, state-of-the-art fitness centers, tennis courts, pickleball courts, basketball courts, miles of walking and biking trails, dog parks, playgrounds, sports fields, and beautifully maintained green spaces. The community also offers a general store, brewery, event lawn, community clubhouse, and year-round activities that bring neighbors together.
Whether you're enjoying a morning walk through scenic nature trails, spending afternoons by one of the community pools, playing a match of pickleball with friends, or attending one of Hammock Bay's many social events, life here feels like a year-round vacation. Conveniently located near the white-sand beaches of the Emerald Coast, top-rated schools, shopping, dining, and boating opportunities, Hammock Bay offers the perfect combination of luxury living, outdoor recreation, and small-town community charm.
This is more than just a home--it's a 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017