43
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438 Regatta Bay Boulevard
About This Property
Set on nearly half an acre overlooking the first fairway, this single-level home welcomes you with a dramatic 16-foot foyer and an open layout designed for effortless living. Nearly 1,000 square feet of covered outdoor space creates the perfect setting for morning coffee, entertaining, and evenings overlooking the greens.
The chef's kitchen features premium Thermador appliances and flows seamlessly into the living and dining areas. Tucked away in its own private wing, the primary suite offers a peaceful retreat, while three additional bedrooms comfortably accommodate family and guests.
Highlights include a three-car garage with decorative epoxy chip flooring, expansive walk-in attic storage, a four-zone Sonos audio system, and convenient golf cart access to the clubhouse, Legendary Marine, Destin Commons, shopping, and dining.
With construction complete and no damage sustained during Hurricane Isaias, this move-in-ready home offers the appeal of brand-new luxury construction without the wait. An exceptional opportunity to enjoy single-story living in one of Destin's premier gated golf communities. Designed with both functionality and entertaining in mind, this home offers several features that deserve a closer look. The expansive covered outdoor living area includes a fully equipped kitchen with a built-in grill, refrigerator, sink, and storage, creating an ideal space for year-round enjoyment. The generous homesite also provides the opportunity to incorporate a future swimming pool.
Inside, thoughtful details extend beyond the finishes, including an oversized walk-in attic above the garage offering exceptional storage, integrated Sonos audio throughout designated areas, and a spacious three-car garage with decorative epoxy chip flooring.
The property's location within Regatta Bay provides the convenience of golf cart accessibility to the clubhouse, golf course, nearby shopping, dining, and Legendary Marine. Buyers can enjoy the benefits of an established, gated community while owning a home built to today's standards.
The property sustained no damage during Hurricane Isaias and is available for immediate occupancy.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Price Decreased |
$2,195,000
↓ $100K
(4.4%) | |
| Price Decreased | |||
| Jul 14, 2026 | Price Decreased |
$2,295,000
↓ $55K
(2.3%) | |
| Price Decreased | |||
| Jun 27, 2026 | Price Decreased |
$2,350,000
↓ $15K
(0.6%) | |
| Price Decreased | |||
| Jun 23, 2026 | Relisted | $2,365,000 | |
| Relisted | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017