4455 Turnberry Place
About This Property
The open-concept layout seamlessly connects the living room, dining area, and kitchen, perfect for everyday living and entertaining. The living room features custom built-ins, a cozy gas fireplace, and stunning views of the manicured backyard. Just off the living space, enjoy the year-round comfort of a heated and cooled Florida room leading to a paver patio, ideal for morning coffee or evening sunsets. The kitchen is both functional and stylish, with granite countertops, stainless steel appliances, and a gas range for the home chef. The spacious primary suite includes private patio access, a large walk-in closet, and a luxurious ensuite bath with a tiled garden tub, walk-in shower, granite double vanity, and vessel sinks. Recent updates include refinished wood flooring and fresh neutral paint (July 2025), a dimensional shingle roof (2017), and a new water heater (2018). HVAC is 2007. Ample storage is available throughout the home, including attic space above the garage. Bluewater Bay offers resort-style amenities just 10 minutes from Destin beaches, including golf, pickleball, three pools, walking trails, marina with restaurant, boat ramp, and RV/boat storage. Move-in ready and packed with charm, don't miss your chance to call this one home!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017