4589 Woodwind Drive
About This Property
The exterior offers an assortment of fresh flowers that enhances curb appeal. This home is one of very few offering an oversized 2-car garage with a long driveway for plenty of parking. The neighborhood features a community pool with bathrooms, landscaped community park with a Koi pond, and poolside grilling area. This will make a great full-time residence, second home or vacation rental.
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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 |
|---|---|---|---|
| Nov 8, 2025 | Price Decreased |
$1,100,000
↓ $100K
(8.3%) | |
| Price Decreased | |||
| Apr 5, 2025 | Listed | $1,199,900 | |
| Listed | |||
| | |||
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Welcome to this unique Florida Victorian style cottage, a treasure within the sought-after coastal enclave known as Sovereign Isle. This beautiful home offers an unparalleled blend of comfort and sophistication.
Just 3 Blocks from the Beach! Discover this beautifully updated, two-story home in the charming Sovereign Isle neighborhood of Destin, FL. With 4 bedrooms, 2.5 bathrooms, and a versatile bonus loft space, this home offers the perfect blend of comfort and coastal living. Step inside to an open-concept layout featuring double height raised ceilings in the living room, huge windows that flood the space with natural light, along with the most elegant ornate railing upstairs overlooking from the loft into the living area. The gourmet kitchen boasts granite countertops, contemporary cabinetry a 6-burner gas stove, stainless steel appliances & plenty of storage.
A breakfast bar with decorative pendant lighting adds an extra touch to the space. Whether cooking for family or entertaining guests, the kitchen is both functional and stylish. The spacious bedrooms promise restful slumber, while the master suite indulges with a luxurious bathroom, featuring sperate vanities, a whirlpool tub, and a separate shower.
The exterior boasts a charming covered front Victorian style gazebo along with a closed in Florida room made for those early morning coffee or late night glasses of wine.
The separate garage adds value by providing secure parking out of the elements, extra storage and potential workspace, enhancing convenience and organization while increasing property appeal for buyers seeking this versatility.
Beyond the confines of this exquisite home, Sovereign Isle presents a community pool, adorned with koi ponds and fountains, set amidst lush grassy areas for recreation. This residence is not just a home but a lifestyle choice for those seeking a full-time residence, a vacation getaway, or an investment opportunity in Crystal Beach and Destin. With low HOA fees, three blocks to multiple beach access points, within ½ mile of top-tier shopping, dining, golf courses, boating, and exclusive neighborhood amenities, Sovereign Isle stands as a testament to elegant coastal living. Enjoy serenity and privacy yet be only moments away from the beach. Projected income for short term rentals is 118k through Pink Flamingo Property Management company. Don't miss out on this perfect opportunity to own a piece of paradise! Call your favorite local agent today and schedule a showing before this beauty is gone.
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| Apr 19, 2023 | Sold | ||
| Sold | |||
| Mar 11, 2023 | No longer available | - | |
| No longer available | |||
| Sep 7, 2022 | Listed by ResortQuest Real Estate | $1,049,000 | |
| Listed by ResortQuest Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017