419 Marion Drive
About This Property
Inside, a thoughtfully designed floor plan provides a seamless flow between living spaces. The remodeled kitchen shines with modern finishes, while the cozy den, complete with a brick fireplace, offers a warm retreat. The light-filled Florida room provides panoramic views of the golf course and serves as an inviting extension of the living area.
Seller is accepting back-up offers with a kickout clause in place. The primary bedroom opens directly into this serene space and features an ensuite bath with double sinks, a dressing area and a glass-enclosed shower.
Additional bedrooms and a hall bath offer privacy and flexibility, while the dedicated office with built-in shelving is perfect for remote work or study. Outside, the 8' x 15' greenhouse and 10' x 16' powered shed cater to hobbyists and gardeners. A fenced yard, complete with a sprinkler system, ensures privacy and ease of maintenance. Conveniently located near top-rated Niceville schools, Northwest Florida State College, Eglin Air Force Base and the Mid-Bay Bridge, this home offers easy access to the best of the Emerald Coast, including pristine beaches and dining. Memberships to the nearby Rocky Bayou Country Club are available, adding another layer of lifestyle appeal.
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Cap Rate Calculator
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, 2025 | Sold | ||
| Sold | |||
| Mar 26, 2025 | In contract | - | |
| In contract | |||
| Feb 15, 2025 | Price Decreased |
$595,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Nov 15, 2024 | Listed by Scenic Sotheby's International Realty | $600,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Aug 1, 2003 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017