4277 Beachside Two Dr. #4277
About This Property
The manager has listed the unit size as 932 square feet.
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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%.
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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 9, 2025 | Sold | ||
| Sold | |||
| May 2, 2025 | In contract | - | |
| In contract | |||
| Apr 28, 2025 | Price Decreased |
$580,000
↓ $45K
(7.2%) | |
| Price Decreased | |||
| Apr 27, 2024 | No longer available | - | |
| No longer available | |||
| Apr 26, 2024 | Listed | $625,000 | |
| Listed | |||
| | |||
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Indulge in serene Gulf views and pristine white sand beaches from the luxury of your own private balcony. Nestled on the 7th floor, this fabulous two-bedroom, one-bathroom condominium offers a breathtaking panorama of the Gulf of Mexico. With seamless beach access via the condo's boardwalk and a pool deck conveniently located just north of the dunes, relaxation is mere steps away on our renowned white sand beaches. Inside, discover a cozy yet spacious retreat boasting an open floor plan, where the living, dining, and kitchen areas merge seamlessly, all framed by floor-to-ceiling sliding glass balcony doors, inviting in abundant natural light and captivating views. Recently renovated, this condo exudes modern elegance with sleek granite countertops in the kitchen and bathrooms, complemented by stainless steel appliances and chic new furnishings. Offered fully furnished and rental ready, this property presents an exceptional opportunity for investors, vacationers, or those seeking a permanent coastal retreat. Beachside Two building is just finishing up an exterior and common area renovation and is in great shape!
Property has consistently grossed over $50,000 rental income per year with owner personal usage. Sandestin Golf and Beach Resort features abundant amenities including 5-Star golf courses, tennis, biking and hiking trials, a 113 slip marina, and the exciting Baytowne Wharf for restaurants and shopping. The ever-growing Grand Boulevard Town Center featuring Emeril's and other great restaurants, as well as retail shopping, Starbucks, a movie theater, and Publix Grocery is a short golf-cart ride away.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/26/2024
|
2 Bed
|
1 Bath
|
-
|
$625,000
2 Bed
1 Bath
|
$535,000
-14.40%
05/09/2025
|
Spears Group
Compass
| |
|
07/05/2023
|
2 Bed
|
1 Bath
|
932 ft²
|
$767,000
2 Bed
1 Bath
932 ft²
|
-
-
|
Bradley S Smith
EXP Realty LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017