79
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423 Sandy Cay Drive
About This Property
Designed for both relaxation and entertaining, the backyard is a true oasis. Enjoy Peacock pavers, premium K9 artificial grass, a fire pit, and a relaxing jacuzzi. The fully equipped outdoor kitchen includes a Big Green Egg, built-in BBQ grill, sink, refrigerator, ample storage, and an outdoor television, creating the ideal setting for year-round gatherings.
This home has been meticulously maintained and enhanced with numerous high-value improvements, including:
Private beach access
Storm window covers
Electric vehicle charger in the garage
Professionally coated garage floor
Tankless water heater
Brand-new HVAC system
Plantation shutters throughout
Updated guest bathroom
Spacious walk-in closet in the primary suite
Large walk-in shower in the primary bathroom
Landscape lighting in both the front and back yards Termite prevention system
Wired ADT security system and Ring doorbell/camera system
Expanded paver driveway
Premium K9 artificial turf in the backyard
Whether you're searching for a primary residence, a second home, or an investment property near the Emerald Coast, this exceptional home offers luxury finishes, outstanding functionality, and an unbeatable location just moments from the sugar-white sand beaches of Miramar Beach.
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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 |
|---|---|---|---|
| Jul 16, 2026 | Price Decreased |
$950,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by Realty ONE Group Emerald Coast | $975,000 | |
| Listed by Realty ONE Group Emerald Coast | |||
| Sep 21, 2016 | Sold | ||
| Sold | |||
| Aug 17, 2016 | Listed by Realty ONE Group Emerald Coast | $367,000 | |
| Listed by Realty ONE Group Emerald Coast | |||
| Nov 4, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017