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4779 Bonaire Cay
About This Property
Two bedrooms are located on the west side of the home, the principle on the east and the bunk room in the middle. The master bedroom has a king bed with silver chill mattress to keep you cool on those hot summer days. Double doors from the master open up onto the back porch. If you do encounter a summer shower, how about a movie on the overstuffed sectional and wide screen TV or a BBQ on the covered patio. The primary bathroom features a 70 inch soaker tub, oversized vanity w/ dual sinks, walk in marble tiled shower and spacious closet.
The bunkroom features a full sized mattress & three twin memory foam beds. A second full bathroom is just across the hallway and has a tiled walk in shower with access to the backyard. The other two bedrooms each have queen sized mattresses and beachy decor. The shared full bathroom is beautifully remodeled with tub/shower combo and tiled surround, vanity with dual sinks and quartz counters. You have full access to two luxurious pools, a hot tub, tennis courts, a full size workout facility and playground. Discover all that Destin has to offer, including boat rentals, water sports, deep sea fishing charters, sunset cruises, and top rated attractions like the Big Kahunas Waterpark. Try out the Crab Trapp, Pompano Joes, and the Whale's Tail. There are tons of dining options right on the beach. Grab a cup coffee in the morning. There is no shortage of things to do nearby.
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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 |
|---|---|---|---|
| Oct 15, 2026 | Sold | ||
| Sold | |||
| Oct 7, 2026 | In contract | - | |
| In contract | |||
| Sep 9, 2025 | Price Decreased |
$1,099,999
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Jul 9, 2025 | Price Decreased |
$1,149,999
↓ $50K
(4.2%) | |
| Price Decreased | |||
| Apr 8, 2025 | Listed by Counts Real Estate Group Inc | $1,199,999 | |
| Listed by Counts Real Estate Group Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017