443 Locksley Drive
About This Property
This beautifully upgraded residence features 3 bedrooms, 2 full bathrooms, a dedicated office, and a 3-car garage, offering the perfect blend of function and luxury. The spacious kitchen is open to the living area and includes a custom wine cooler, large island, quartz countertops, soft-close white cabinetry, and a customized pantry for optimal organization.
No detail has been overlooked as this home features surround sound, gutters, Teflon storm shutters, a sprinkler system, and under-cabinet lighting in the kitchen. It is also equipped with the Benjamin Franklin Lightning Protection System, which provides a low-impedance path to safely ground lightning strikes, an exceptional and rare upgrade.
The guest bathroom includes a premium walk-in tub/shower hybrid, combining comfort, safety, and therapeutic design. The primary suite overlooks the serene pool and backyard, creating a peaceful retreat. The ensuite bathroom features a double vanity, a large tiled walk-in shower, and a customized walk-in closet for ample storage.
Step outside to your private saltwater pool with waterfall feature and sun ledge, outdoor fireplace, mounted TV, custom sunbathing chairs, and an outdoor shower, which is all within a fully screened enclosure for easy maintenance and year-round enjoyment. Beyond the pool lies a private natural backdrop with no rear neighbors, adding to the home's sense of tranquility. The three-car garage offers plenty of room for vehicles, a boat, or golf cart. A built-in tree hall with hooks and shelving is conveniently located near the laundry room, which includes a sink and additional cabinetry.
At the community entrance, there is a Publix located within the Breakfast Point Marketplace Shopping Center. With this location, you are near various neighborhood playgrounds, minutes from Duplin Winery, and only a short five-mile drive to Pier Park and Frank Brown Park for a plethora of shopping and recreational opportunities.
Breakfast Point offers its very own Breakfast Point Academy (PK-8), and various recreational parks (Paseo Park, Azalea Park, Friendship Park, Grove Park, etc.) ideal for children and families. Want to exercise? Breakfast Point offers various sidewalks perfect for the avid runner or for an afternoon stroll with your pet. You can even take your bike on the muti-use path to Gayle's Trails from the neighborhood. This one truly checks all the boxes; modern finishes, functional spaces, and a resort-style backyard, all in one of Panama City Beach's most desirable communities. Schedule your private viewing today.
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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 |
|---|---|---|---|
| Dec 24, 2025 | Sold | ||
| Sold | |||
| Dec 4, 2025 | In contract | - | |
| In contract | |||
| Nov 3, 2025 | Listed by ERA Neubauer Commercial | $650,000 | |
| Listed by ERA Neubauer Commercial | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017