4277 Beachside Two Drive #4277
About This Property
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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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 |
|---|---|---|---|
| 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 by Compass | $625,000 | |
| Listed by Compass | |||
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