487 Meadow Lake Drive
About This Property
The heart of the home features a gourmet kitchen that seamlessly flows into the living area, perfect for both daily life and entertaining. Highlights include pristine white granite countertops, a built-in convection oven, a 5-burner gas cooktop, and a commercial-size refrigerator. Additional modern conveniences such as an insulated garage door and a tankless gas hot water heater enhance the home's efficiency and appeal Located in The Meadows of Hammock Bay, a coveted neighborhood built by Randy Wise, this home is situated in one of the Emerald Coast's most sought-after areas. Residents enjoy a wealth of amenities, including a massive fitness center, multiple swimming pools, tennis and pickle-ball courts, basketball facilities, scenic walking and biking trails, a dog park, an amphitheater, a restaurant, a convenience store, Bay access, and more.
Don't miss the opportunity to make this luxurious home yours. Contact us today for more information or to schedule your private showing!
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Mar 27, 2025 | In contract | - | |
| In contract | |||
| Mar 26, 2025 | Relisted | $560,000 | |
| Relisted | |||
| Feb 19, 2025 | No longer available | - | |
| No longer available | |||
| Feb 12, 2025 | Price Decreased |
$560,000
↓ $15K
(2.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017