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4246 Bobcat Cove
About This Property
From the moment you enter, soaring vaulted ceilings create a dramatic sense of volume while abundant natural light enhances the home's warm and inviting atmosphere. Generous living spaces flow effortlessly throughout the main level, creating a floor plan equally suited for relaxed everyday living and memorable entertaining.
At the heart of the home is a beautifully updated kitchen designed to impress. Stunning Taj Mahal quartzite countertops pair with Cafe GE appliances, a KitchenAid cooktop, built-in Miele coffee system, and undercounter wine refrigerator to create a sophisticated space that is as functional as it is beautiful. Whether hosting a crowd or enjoying a quiet morning at home, this kitchen is truly a showpiece.
The spacious primary suite offers a private retreat with generous proportions and a comfortable, serene feel. A separate downstairs guest suite provides exceptional flexibility and includes a Murphy bed that conveys with the home. Upstairs, two additional bedrooms each feature their own private ensuite bathrooms, offering an ideal arrangement for -- family members or overnight guests.
Outside is where this property truly becomes extraordinary. An expansive screened lanai and resort-style pool area create a private outdoor oasis overlooking the beautifully landscaped backyard. The enormous screened enclosure provides exceptional space for lounging, dining, entertaining, and enjoying the Florida lifestyle nearly year-round. Updated pavers and a completely re-screened lanai further enhance the space, while refreshed landscaping, new sod, and a new sprinkler system completed in 2021 create a lush backdrop surrounding the pool.
The home has also benefited from an extensive collection of thoughtful improvements. Recent updates include a tankless water heater, custom remodeled laundry room cabinetry and pantry, new pool lights, updated kitchen appliances, a new downstairs HVAC/air handler, refreshed bathroom and laundry flooring, updated interior and exterior lighting and fans, and permanent EverLights exterior lighting.
Equally impressive are the substantial exterior improvements, including a 2017 roof, Hardie board siding, impact-rated windows and sliding doors throughout, impact-rated exterior doors, and two impact-rated garage doors--valuable upgrades that add both long-term appeal and peace of mind.
Completing the property is the rare and highly desirable nearly four-car garage, providing exceptional space for vehicles, storage, recreational equipment, or hobbies.
With its gated setting, private cul-de-sac location, soaring ceilings, beautifully appointed kitchen, spacious primary retreat, ensuite guest accommodations, remarkable garage space, and incredible pool and screened lanai, 4246 Bobcat Cove is far more than a beautiful home--it is an exceptional Niceville lifestyle property designed for entertaining, relaxing, and enjoying Florida living at its finest.
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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 29, 2026 | Listed by EXP Realty LLC | $989,900 | |
| Listed by EXP Realty LLC | |||
| Dec 11, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017