36
Map
436 N Us Highway 331
About This Property
Inside, the home features updated flooring, fresh interior paint, new windows, updated bathroom vanities, and a new stove, creating a clean and inviting feel throughout. The flexible bonus room offers endless possibilities and could easily serve as a sunroom, home office, playroom, den, hobby space, or additional living area to fit your needs.
Major improvements include a 2019 HVAC replacement, new insulation in 2025, and multiple exterior and system upgrades completed over the years. The oversized lot provides plenty of room for entertaining, gardening, parking your toys, or even adding a pool while still maintaining plenty of yard space to enjoy.
Located just 1 mile from public access to Lake Stanley Park, this home is also only 5 minutes from historic downtown DeFuniak Springs and Main Street, where you'll enjoy local shopping, dining, and community events. Commuters will appreciate being less than 30 miles from Crestview, while beach lovers are under 40 minutes from the
white sand beaches of 30A and South Walton. If you've been searching for a move-in ready property with land, flexibility, and no HOA restrictions, this one checks all the boxes!
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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 22, 2026 | Sold | ||
| Sold | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| Jun 13, 2026 | Price Decreased |
$219,900
↓ $10K
(4.4%) | |
| Price Decreased | |||
| May 28, 2026 | Price Decreased |
$229,900
↓ $5K
(2.1%) | |
| Price Decreased | |||
| May 21, 2026 | Listed by HomeBiz Properties | $234,900 | |
| Listed by HomeBiz Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017