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43 Mandevilla Lane
About This Property
Residents of this amenity-rich community enjoy access to a resort-style swimming pool, tennis courts, picnic pavilion, overflow guest parking, and community water access featuring a bayfront dock with seating. The HOA is actively improving the neighborhood with plans for a new playground and additional bayfront enhancements, adding long-term value and appeal for homeowners.
Inside, the home features high ceilings and an open-concept living area designed to maximize natural light and functionality. Interior upgrades include travertine flooring, fresh paint throughout, updated hardware, and new ceiling fans in every room. The kitchen is equipped with stainless steel appliances, while the oversized primary closet and interior washer and dryer hookup provide practical everyday convenience.
Outdoor living is enhanced with a screened-in patio featuring a finished floor, an oversized paver driveway, gutters, and partial hardscaping already in place. Major mechanical improvements provide peace of mind with a new roof installed in 2022, HVAC system replaced in 2023, and hot water heater updated in 2023.
Whether you are searching for a primary residence in Miramar Beach, a second home near the Gulf close to Destin's beaches, shopping, and attractions, 43 Mandevilla Lane offers location, updates, and lifestyle in one of the Emerald Coast's most desirable areas.
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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 |
|---|---|---|---|
| Sep 27, 2026 | Price Decreased |
$400,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Sep 14, 2026 | Price Decreased |
$410,000
↓ $15K
(3.5%) | |
| Price Decreased | |||
| May 28, 2026 | Listed by Keller Williams Realty FWB | $425,000 | |
| Listed by Keller Williams Realty FWB | |||
| Sep 27, 2022 | Sold | ||
| Sold | |||
| Jul 19, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017