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460 Sandy Cay Drive
About This Property
Located in a gated beachside community in Miramar Beach with 320 feet of deeded beach access, this freshly painted coastal white brick beauty sits on the coveted south end of the neighborhood with a peaceful preservation backdrop. Translation: premium positioning and extra privacy. The 4 bedroom, 2 bath home features a bright open floor plan and brand new floors as of December 2024. Spacious living areas are filled with natural light, highlighted by coastal tones and shiplap accents that bring in that effortless Emerald Coast charm. The kitchen flows seamlessly into the dining area and an additional informal living or sitting space, creating an easy, connected layout that is perfect for entertaining or spreading out after a day at the beach. Designed to impress, it features granite countertops, a breakfast bar, coffee bar, tile backsplash, stainless steel refrigerator and dishwasher, farmhouse sink, and a gas stove topped with a Jenn Air hood.
The spacious primary suite offers a large walk in closet and an ensuite bath with dual vanities, creating a private retreat at the end of the day. The three secondary bedrooms are generously sized and thoughtfully positioned, offering flexibility for guests or even a home office.
Outdoor living is just as inviting with a patio, firepit, hammock, and space for gathering after long beach days. Owners and guests enjoy easy access to the sugar white sand just a short stroll away, plus beach chairs and an umbrella for ultimate relaxation.
Miramar Beach offers the best of both worlds: laid back Gulf days and close proximity to dining, shopping, deep sea fishing, and snorkeling.
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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