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4720 Rendezvous Cove
About This Property
Step outside to your private backyard oasis, where a resort-style pool and spa overlook the lake and are equipped with LED lighting, a new gas heater, pump, plaster, tile, and a freshly installed irrigation system and landscape lighting. Whether you're soaking in the spa or lounging poolside under a painted sky, this space is a showstopper complete with sweeping Gulf views from the upstairs balcony. Just a short walk to the beach or a quick ride via golf cart, this location offers unbeatable access to the best of the Emerald Coast. As a resident of Destiny East, you'll also enjoy premium community amenities including a large resort pool, tennis courts, clubhouse, grilling area, and playground - all just minutes from Destin's top dining, shopping, and sugar-white beaches. Don't miss your opportunity to own this extraordinary coastal escape. "Sea of Dreams" is more than a home it's a 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2026 | Price Decreased |
$1,980,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
| Sep 18, 2026 | Price Decreased |
$1,985,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$1,990,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
| Jul 6, 2026 | Price Decreased |
$1,995,000
↓ $79K
(3.8%) | |
| Price Decreased | |||
| May 23, 2026 | Price Decreased |
$2,074,000
↓ $25K
(1.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017