4754 Ocean Boulevard
About This Property
Retreat to the primary suite, a true sanctuary with a spa-like ensuite bath and private terrace overlooking the waves with 180 degree water views. The master is well equipped with an oversized walk-in closet, sitting area, media center, dual vanities, soaking tub, spacious shower, and laundry center. There are also five luxurious guest suites for the enjoyment of family and friends. Additionally, there is a stunning office with gulf views that is currently being utilized as a another bedroom. For convenience and comfort, the home is equipped with an elevator and the 2-car garage provides ample storage and parking.
For entertainment, this home features a state-of-the-art movie room and multiple lounge spaces designed for relaxation. Also, there is a well outfitted laundry and powder bath on the main level. Whether you're seeking a primary residence, vacation home, or lucrative rental investment, this estate offers it all.
Located in Destiny by the Sea, a prestigious gated community with 24-hour security, 3,000 feet of private beach, and resort-style amenities, this is coastal living at its finest. This luxurious escape is secluded yet convenient to the heart of Destin and world class amenities including Legendary Marina, Destin Commons, WholeFoods, as well as local restaurants, boutique shopping, and local entertainment.
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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