4400 Windlake Drive
About This Property
4400 Windlake Drive represents a special opportunity to own a waterfront pool home in gated Southwind, one of Bluewater Bay's most desirable communities. Take full advantage of all that Bluewater Bay resort has to offer including golf, tennis, pickleball, pools (separate fees/memberships available for all these amenities), miles of recreational trails, a marina complex and boat ramp, restaurants, shopping, health care, and more are all within easy reach. Zoned for Bluewater Elementary School, with a choice of Destin or Ruckel Middle School, and Niceville High School. Whether by boat or car, arrive quickly and easily across Choctawhatchee Bay and enjoy the Emerald Coast's world-famous white sand beaches, entertainment, shopping, and more in Destin and 30A.
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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 10, 2025 | Sold | ||
| Sold | |||
| May 21, 2025 | In contract | - | |
| In contract | |||
| May 19, 2025 | Price Decreased |
$1,350,000
↓ $149K
(9.9%) | |
| Price Decreased | |||
| Apr 29, 2025 | Price Decreased |
$1,499,000
↓ $51K
(3.3%) | |
| Price Decreased | |||
| Apr 13, 2025 | Relisted | $1,550,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017