4726 Serendipity Point
About This Property
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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 |
|---|---|---|---|
| Mar 13, 2026 | Sold | ||
| Sold | |||
| Feb 18, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Listed by Christies International Real Estate Emerald Coast | $1,599,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
| Feb 7, 2025 | Listed | $1,749,900 | |
| Listed | |||
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Elegant Destiny East renovation performed to the very highest standards. This home occupies one of the best lots in all of Destiny east. It is nearest to the beach and features its own private gate onto the walking path along Scenic 98. With respect to location, there is none better in Destiny east. The 3 story layout features the expansive main living area on the second floor and the enormous double master on the 3rd floor. The home comes rental ready with high end furnishings throughout. Or make this your own retreat steps away from the best beach in Destin!
Upgrades have not been limited to the decor. Many of the systems have been replaced. Upgrades include the following.
New appliances including dishwasher and Bosch refrigerator. Double self cleaning ovens. There is even a dumbwaiter for lifting the groceries from the garage to the kitchen! Once in the kitchen, you will not want to miss the teak lined wine cellar with shelving for hundreds of your favorite bottles. Additionally, 2 high efficiency HVAC units are new as of March 2024. The heated gunite pool was resurfaced October of 2024. There was an extensive renovation completed in 2022 which included floors, exterior paint, roof inspection and repair as needed along with electronics updates throughout. The owner of this home renovated it to a very high standard. All of the important items have been done. All that is needed is for the next owner to walk in and enjoy all of the work which has already been. completed!
Since this home has all of the private amenities one could ask for, the extensive luxuries of Destiny East hardly warrant a mention. However, Destiny East features a clubhouse with 2 lighted tennis courts, a seasonally heated pool, spa and playground.
Come and see this exceptional home for yourself. The pride of ownership is evident from the moment you arrive!
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| Jul 12, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017