42 Pritchard Road
About This Property
This golf cart friendly community in the center of Miramar Beach adds modern conveniences and easy proximity to the beach. Inside, the home has been refreshed with thoughtful updates such as fresh paint and new lighting. The home maintains a split floor plan with the spacious primary and en-suite on one side of the home and 2 bedrooms with 2 full bathrooms on the other. Centered in the heart of the home is the kitchen with cooking island, upscale appliances, granite countertops, and an open bar to living concept. The exterior flows from the inside out to a covered, screened-in patio and large, newly fenced back yard.
Highlights include a two car garage with an additional side garage door for easy accessibility from the yard, ample storage (including overhead options), a new roof in 2025, several window replacements in 2025, and a in 2020 the installation of a new HVAC, bedroom flooring, and tankless water heater. Whether you are looking for a great starter home or a place to grow, this property checks all!
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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 |
|---|---|---|---|
| Nov 4, 2025 | Sold | ||
| Sold | |||
| Oct 9, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Listed by Christies International Real Estate Emerald Coast | $475,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
| Jun 11, 2013 | Sold | ||
| Sold | |||
| May 7, 2013 | Listed by Christies International Real Estate Emerald Coast | $279,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017