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468 Sandy Ridge Circle
About This Property
From the moment you step inside, you're welcomed by luxury vinyl plank flooring that flows effortlessly throughout the main level, creating a light, airy foundation for everyday living. The kitchen has been completely renovated with granite countertops, custom cabinetry, all new stainless steel appliances, upgraded lighting, and elevated finishes that feel both timeless and fresh. An arched window above the sink brings in soft natural light, while the breakfast bar creates the perfect setting for slow mornings or casual evenings with friends. Just beyond, the main living space opens up with soaring vaulted ceilings, a cozy gas fireplace, and a brand-new sliding glass door that draws the outdoors in--an ideal space for both quiet nights and easy entertaining.
The first-floor primary suite offers a peaceful retreat with a private ensuite featuring a double vanity, walk-in closet, and beautifully updated fixtures and finishes.
Upstairs, you'll find fresh carpet, updated paint, and a fully refreshed bathroom with a new vanity and countertop--creating a clean, cohesive feel throughout the home.
Major improvements provide peace of mind, including a brand-new roof (2026) and water heater, new exterior doors and glass, and a newer HVAC system (approximately 7 years old).
Every detail has been considered to support both comfort and function, with ceiling fans throughout adding year-round ease.
Perfectly located just minutes from the sugar-white beaches of Destin and Fort Walton Beach, as well as shopping, dining, parks, and local bases, this home offers the freedom of coastal living with no HOA restrictions.
Move-in ready and thoughtfully updated, this is more than just a home--it's a place to settle in, gather often, and truly enjoy the Gulf Coast lifestyle.
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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