5 Johnstown Lane
About This Property
With its reverse floor plan and wrap-around balconies, the only tough choice you'll make once you arrive is which views to enjoy and where. This beautiful residence is light and bright, decorated in neutral colors and illuminated by natural light flooding in through the many windows. The rustic modern fixtures throughout complement the gorgeous dark wood floors beautifully.
This lovely 4-story home is equipped with a private elevator and accommodates up to 15 people with 5 bedrooms, 4.5 baths, plus an additional bunk room; great for multiple families with over 3,500 sq ft of space. There are two guest suites and a wet bar on the first floor, each room complete with a king bed, private bath with custom tile shower, and a large closet.
Another guest suite, as well as the master suite, can be found on the 2nd floor, each with a king bed, private bath, and walk-in closet. The master suite features a private balcony, a wet bar, double vanities, a large soaking tub with treetop views, and a custom tile shower.
Continuing upward, the kitchen, living, dining and powder room are located on the 3rd floor with an open concept and an abundance of light. The kitchen is full of upgrades, including granite counter tops, a wine cooler, stainless steel decor, Kitchen Aid appliances, and a custom backsplash. There is another wrap-around balcony overlooking St. Augustine Green off the living room where the grill is located conveniently close to the kitchen.
The fourth floor completes this residence with additional living space, a bunk room with three twin beds, and a wrap-around roof top balcony, where you can relax and enjoy sunset views and concerts in St. Augustine Park.
This home not only captures stunning views of the St. Augustine Green from every level, but is also in a great location. There is a water park with a splash pad for the kids and adults to cool off just beyond the front door. Not to mention the dining and shopping of Rosemary Beach's town square is a short 3 minute walk or quick bike ride away. Enjoy the exclusive amenities of Rosemary Beach, including four community pools, an owner's-only club just steps away from 5 Johnstown Lane, tennis courts, expansive green spaces, a gym, fitness trails, and much more.
Come discover a world of luxury, comfort, and relaxation in this Rosemary Beach retreat!
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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 |
|---|---|---|---|
| Jun 24, 2026 | Price Decreased |
$3,389,000
↓ $10K
(0.3%) | |
| Price Decreased | |||
| Apr 23, 2026 | Listed by Watersound Real Estate | $3,399,000 | |
| Listed by Watersound Real Estate | |||
| Apr 17, 2024 | No longer available | - | |
| No longer available | |||
| Feb 10, 2024 | Price Decreased |
$3,975,000
↓ $225K
(5.4%) | |
| Price Decreased | |||
| Nov 21, 2023 | Price Decreased |
$4,200,000
↓ $150K
(3.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017