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42 Hidden Cove Circle
About This Property
Step inside to find hardwood flooring throughout the foyer, living room, dining area, and primary bedroom, with tile in the kitchen, bathrooms, and Florida room. The spacious living area flows into the light-filled Florida room, creating the perfect space to relax, entertain, or enjoy your morning coffee.
The first-floor primary suite provides convenience and privacy, while upstairs you'll find two additional bedrooms, a full bath, and a generous loft ideal for a home office, media room, or guest retreat. Brand-new carpet throughout the upstairs bedrooms, loft, and staircase gives the second level a fresh, updated feel.
Additional highlights include a new water heater (2026), a two-car garage, and a location directly across from the community amenities, making it easy to enjoy the pool and waterfront dock.
Whether you're looking for a full-time residence, second home, or low-maintenance coastal retreat, Hidden Cove offers a unique lifestyle just minutes from Eglin Air Force Base, shopping, dining, beaches, Conveniently located near Eglin AFB, shopping, dining, and the Emerald Coast's beautiful beaches, Hidden Cove is one of Valparaiso's hidden gems for waterfront living.
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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 |
|---|---|---|---|
| Oct 8, 2026 | Sold | ||
| Sold | |||
| Aug 23, 2026 | In contract | - | |
| In contract | |||
| Aug 15, 2026 | Relisted | $274,900 | |
| Relisted | |||
| Aug 7, 2026 | In contract | - | |
| In contract | |||
| Aug 3, 2026 | Price Decreased |
$274,900
↓ $5K
(1.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017