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4705 Ocean Boulevard
About This Property
Thoughtfully reimagined with designer finishes throughout, the home features rich hardwood floors, pecky cypress accents, marble and oyster shell countertops, a chef's kitchen with premium Viking appliances, double ovens, dual dishwashers, and expansive living spaces designed for gathering. Multiple covered balconies invite you to enjoy Gulf breezes and stunning views, while the top-floor primary suite offers a private retreat with its own balcony and spa-inspired bath.
Perfectly suited as a luxury primary residence, second home, or high-performing vacation rental, the home comfortably accommodates large groups with bedrooms on all three levels, including custom built-in bunks and multiple guest suites.
Residents of Destiny by the Sea enjoy 24-hour gated security, a resort-style community pool and spa, beautifully maintained grounds, and private deeded beach access--all just minutes from Destin's premier dining, shopping, golf, and entertainment. This is a rare opportunity to own in one of the Emerald Coast's most prestigious beachfront communities.
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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