46 Gulf Point Road
About This Property
Located just South of Scenic 30A, the neighborhood beach access down to the glittering Gulf is only minutes away on foot. Blue Mountain Beach has a claim to fame as the highest elevation found along the entire Gulf of Mexico. The sugary white beach here has been awarded a prestigious "Blue Wave" designation, the nation's highest natural beauty and cleanliness standard. A Health Food Spa is nearby, along with a few restaurants, a bakery, and an ice cream shop. This locale is in the heart of the beautiful world of Scenic 30A in South Walton. It is minutes away from many restaurants, beach bars, galleries, free concerts, and seasonal festivals in other picturesque coastal villages along this route.
The architectural design of On Point seamlessly dovetails a rustic, cozy look with state-of-the-art modern amenities and creature comforts. Unique decorative art and vibrantly colorful seascapes adorn the walls throughout. There are full kitchens in both the main house and guest house, with separate living spaces for leisurely lounging. Gleaming stainless steel appliances and large granite-topped kitchen islands in each one comes with multiple stools for dining, drinking, and snacking. The main house has double glass doors that open onto the sparkling pool, literally steps away.
Each of the five bedrooms is individually decorated in a charming cottage style for laid back living.
Come and see for yourself. Book your showing at On Point and make your claim along the Emerald Coast!
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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