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4491 Turnberry Place
About This Property
At the heart of the home is a beautifully renovated kitchen designed to impress both the everyday chef and the avid entertainer. Featuring stylish finishes, abundant workspace, and an open flow into the living and dining areas, this kitchen is the perfect gathering place for everything from busy weekday mornings to holiday celebrations. Step outside and prepare to fall in love with your own private oasis. The sparkling NEWLY replastered in-ground pool transforms the backyard into a destination--perfect for cooling off on warm Florida afternoons, hosting unforgettable summer cookouts, or unwinding under the stars after a long day.
Offering approximately 2,600 square feet with four bedrooms and two and a half bathrooms, this home provides generous living spaces, a functional layout, and the warmth and quality that make Bluewater Bay one of Niceville's most sought-after communities.
Located in the highly desirable Niceville school district and only minutes across the mid-bay bridge to the white sand of the Emerald Coast beaches, this home is perfectly located and ready to call home. Whether you're entertaining poolside, preparing meals in the stunning renovated kitchen, or simply enjoying the peaceful surroundings, 4491 Turnberry Place delivers the Florida lifestyle you've been dreaming of. Welcome 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