471 Linkside Drive
About This Property
Waterfront Luxury Living in highly sought-after San Destin Golf and Beach Resort.
This beautifully redesigned Florida cottage is perfect for gathering with family and friends. The expanded floor plan offers 3 bedrooms, 2.5 baths, and a spacious storage loft that can easily serve as a 4th bedroom or bonus room. With 1,872 sq. ft. of living space, this rare find also features a fenced backyard oasis overlooking the lake and a covered parking area in front. Whether you're seeking a primary residence, second home, or investment property, this home checks all the boxes. Short-term rentals are permitted.
Located in Sandestin Golf and Beach Resort, residents enjoy over 7 miles of pristine beach and bayfront, 4 championship golf courses, 15 world-class tennis courts, pickleball, 108 stocked catch-and-release ponds, a 226-slip marina, fitness center, spa, and dining by celebrity chefs. The resort also offers The Village of Baytowne Wharf, a pedestrian-friendly hub for shopping, dining, and entertainment.
Spanning 2,400 acres from the beach to the bay, Sandestin includes 72 unique neighborhoods and over 4,600 properties within its 24/7 gated security. The community is connected by miles of golf cart, bike, and pedestrian paths winding past lagoons, lakes, fountains, and manicured fairways.
Just outside the gates, residents can access Grand Boulevard with its weekly farmers market, events, dining, and shoppingplus The Market Shops, conveniently reached via the Hwy 98 tunnel.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 26, 2026 | Sold | ||
| Sold | |||
| Dec 31, 2025 | In contract | - | |
| In contract | |||
| Dec 18, 2025 | Relisted | $629,000 | |
| Relisted | |||
| Dec 4, 2025 | In contract | - | |
| In contract | |||
| Nov 22, 2025 | Relisted | $629,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017