47 Bunting Lane #LOT84
About This Property
This 2-story, open-concept floor plan has 10' ceilings downstairs and 9' ceilings upstairs, 8' raised panel interior doors, luxury vinyl flooring throughout, an upgraded appliance package with stainless steel Bosch appliances and tankless water heater, plus exhaust vent hood and in the kitchen island, a microwave drawer for convenience, tiled kitchen backsplash, under cabinet lighting, wood cabinetry with soft-close features, crown molding in main living areas, tiled shower in all full bathrooms, plus ceilings fans and recessed can lighting throughout. This Driftwood spec home also includes double doors off the living room leading to an expanded rear porch (original floor plan shows a single door and smaller rear porch). You can enjoy a peaceful evening on the rear screened porch or enjoy an afternoon of grilling out with the included gas stub for a grill!
Longleaf Park conveniently located closer to the front of the community with easy access to the Watersound Town Center with the largest Publix in the area, restaurants, and more!
The Watersound Origins community is one of South Walton's most coveted neighborhoods for its exceptional amenities, beautiful new homes, and prime location. Amenities include the Village Commons pool & fitness center, sports courts including tennis and pickleball, miles of nature trails, unlimited golf, and lots of green space for outdoor play. The all new Watersound Town Center brings a new level of excitement and convenience to the community with a Publix Super Market, delicious restaurants, healthcare facilities, and more right at the entrance to the neighborhood!
*Pricing may not include all options or fees and is subject to change. Please contact our Watersound Community Specialists for the latest information.
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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 |
|---|---|---|---|
| Apr 2, 2026 | Sold | ||
| Sold | |||
| Mar 13, 2026 | In contract | - | |
| In contract | |||
| Mar 2, 2026 | No longer available | - | |
| No longer available | |||
| Nov 14, 2025 | Relisted | $819,900 | |
| Relisted | |||
| Sep 22, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017