472 Cocobolo Drive
About This Property
Updated from top to bottom, this home has all the modern finishes, bells and whistles. Step inside to discover high-ceilings, natural light, fresh interior paint, and beautiful LVT flooring throughout the main areas and primary bedroom. The spacious design creates an inviting flow between the living room, dining room, and kitchen.
The kitchen is a true centerpiece, featuring high-end appliances including a Wolf Range, Wolf Refrigerator, and an SKS Dishwasher, offering both luxury and functionality for the home chef. The thoughtfully designed layout provides plenty of workspace and pantry/storage while maintaining the open feel of the home.
The spacious primary suite offers a private escape with a fully renovated bathroom featuring a double vanity, walk-in shower with built-in seating, updated fixtures, and a large walk-in closet. The guest bathroom has also been completely renovated with a new countertop, fixtures, bathtub, and shower. The split-bedroom floor plan provides additional privacy with two guest bedrooms and the updated guest bathroom located on the opposite side of the home. Enjoy year-round relaxation with the upgraded screened-in porch, and an outdoor patio overlooking a private nature preserve. The backyard offers a peaceful retreat with added pavers, a comfortable outdoor seating area, and a fully fenced yard for privacy. One of the standout features is the heated and cooled workshop/shed, providing the perfect space for hobbies, storage, a home gym, or additional workspace.
The garage has been upgraded with a professional epoxy-resin floor coating, creating a sleek, durable, and functional space that is both practical and visually impressive. Located in the desirable Driftwood Estates community, residents enjoy access to fantastic amenities including a community pool, fishing areas, scenic walking trails, tennis courts, pickleball, basketball, and a nearby park with a playground and walking track. Perfectly situated on the Emerald Coast, this home offers the ideal blend of modern upgrades, privacy, recreation, and everyday convenience. Most furnishings are negotiable, making this an even easier opportunity to make this exceptional home your own. Don't miss out on this one. Schedule your showing today!
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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 |
|---|---|---|---|
| Sep 1, 2026 | Sold | ||
| Sold | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2026 | Relisted | $525,000 | |
| Relisted | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Jul 7, 2026 | Listed by LPT Realty LLC | $525,000 | |
| Listed by LPT Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017