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4123 Nancee Drive
About This Property
This spacious three-story residence offers 4 bedrooms, 3 bathrooms, approximately 3,643 square feet, plus a bonus loft -- ideal for entertaining and hosting large groups. Newly styled interiors showcase a sophisticated coastal aesthetic with inviting living spaces, pops of color, contemporary finishes, and two full kitchens for added convenience.
Take in breathtaking Gulf views from multiple balconies and the rooftop terrace, or unwind in the outdoor entertaining area with a covered lounge, dining space, and room for games and gatherings. Private beach access means reaching the sand without crossing a public road.
Tucked at the end of a quiet, no-through-traffic street, the property balances privacy with convenience, minutes from popular restaurants, shopping, and entertainment. Short-term rentals are permitted, making this a rare opportunity for investors seeking a beautifully furnished, income-producing vacation rental -- or buyers wanting a stunning personal coastal escape. With designer-inspired decor, generous accommodations, spectacular Gulf views, and exceptional beach access, Castle by the Sea is ready to make a lasting impression.
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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 |
|---|---|---|---|
| Sep 18, 2026 | Listed by EXP Realty LLC | $1,599,000 | |
| Listed by EXP Realty LLC | |||
| Apr 27, 2024 | No longer available | - | |
| No longer available | |||
| Mar 7, 2024 | Price Decreased |
$1,399,999
↓ $100K
(6.7%) | |
| Price Decreased | |||
| Jan 19, 2024 | Listed by Keller Williams Success Realty | $1,500,000 | |
| Listed by Keller Williams Success Realty | |||
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Would you like to own your very own Castle by the Sea? **RARE FIND** private beach access & incredible ocean views from each level of the home, multiple balconies and a rooftop with endless ocean view! No crossing public roads to reach the beach from this home- just steps away from the ocean. There are very few homes like this in the panhandle and nothing close for the price. 4 bedroom, 3 bath with an additional loft area! This house has 2 full kitchens, making it perfect for entertaining! Short-term rentals are allowed. Close to dining, shopping, and all that PCB has to offer, and tucked away on a private beach access street without thru traffic. Walking distance to Gypsea Crepes, Finn's Island Style Grub, and Liza's Kitchen-just to name a few. Your beach oasis awaits you, don't miss out! The manager has listed the unit size as 3643 square feet.
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| Dec 23, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017