94
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502 Regatta Bay Boulevard
About This Property
a perfect blend of refined elegance and effortless coastal living. A dramatic 12-foot coffered foyer with reclaimed solid wood accents welcomes you, complemented by custom 8-foot mahogany entry doors. The spacious living area, anchored by a fireplace, flows seamlessly into the chef's kitchen under an impressive open floor plan featuring soaring ceilings, rich hardwood floors, and abundant natural light. Floor-to-ceiling sliders in the living area frame breathtaking views of the outdoor entertainment area, complete with a summer kitchen, heated pool, and hot tub, creating a warm yet sophisticated atmosphere perfect for relaxed living and elegant indoor-outdoor entertaining. The chef's kitchen is a showstopper, featuring quartz countertops, a massive island with seating area, a 48-inch Thermador gas range, Sub-Zero refrigerator, a large walk-in pantry, and a separate wet bar with icemaker. The first-floor primary suite is a true retreat, complete with a sitting area offering serene pool views, dual walk-in closets, and a spa-like bath with double vanities, a deep soaking tub, and a separate tiled walk-in shower. Also on the main level is a guest suite complete with en-suite bath and walk-in closet, a flexible third bedroom/office, and an oversized laundry room with plenty of storage. Upstairs, a second living area with an additional bonus room provides versatile living space, with two additional guest bedrooms each featuring generous walk-in closets and private full bathrooms. A covered balcony overlooking the pool and golf course offers another peaceful vantage point. Plenty of extra storage throughout along with a 3-car garage, spacious attic storage and roomy closets. This energy-efficient home includes a solar power system, whole-house generator, impact-resistant windows and doors, insulated wind-rated garage doors, spray foam roof insulation, superior sound-dampening insulation, custom solid wood cabinetry and shelving, and Schluter waterproofing systems throughout. Built for year-round living and entertaining, this residence delivers luxury and peace of mind in one of Destin's most sought-after communities.
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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 | Listed by The Premier Property Group | $2,950,000 | |
| Listed by The Premier Property Group | |||
| Dec 8, 2021 | Sold | ||
| Sold | |||
| Oct 25, 2021 | No longer available | - | |
| No longer available | |||
| Sep 24, 2021 | Listed by The Premier Property Group | $2,595,000 | |
| Listed by The Premier Property Group | |||
| Jan 9, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017