508 Sioux Circle
About This Property
Continuing through the main living area, you'll discover a large, additional living space featuring a wet bar with a wine refrigerator, offering ample room to set up both a recreational area and a cozy living room. This versatile room has two sliding glass doorsone leading to the side of the home and the other to a spacious screened-in and covered Florida room. Equipped with heating, cooling, and a ceiling fan, the Florida room is perfect for year-round indoor-outdoor enjoyment and entertaining.
Step out from the Florida room into an oversized backyard shaded by mature trees, complete with an in-ground vinyl pool featuring a new sand filter and pump. This private outdoor oasis is surrounded by a privacy fence, offering a secluded setting for relaxation and gatherings. The backyard has been pressure-washed and landscaped, providing a fresh, clean atmosphere ideal for outdoor enjoyment.
Throughout the home, thoughtful updates have been made to enhance comfort and functionality. Notable upgrades include a new roof (2019), new fans, updated light fixtures, new toilets, and a new bi-fold closet door in the master. Built-in bookcases add both charm and practical storage, while gutters around the home ensure proper water drainage. The master bath features a tiled shower, and ample built-in storage throughout the home adds convenience.
With its modern updates, spacious design, and prime location in the Overbrook community, this Fort Walton Beach home offers comfort, style, and a true retreat near the Emerald Coast. Perfect for those looking to enjoy a peaceful, well-appointed home close to beautiful beaches, nearby military bases, and all essential amenities, 508 Sioux Dr is ready to welcome you.
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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 |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Feb 4, 2025 | In contract | - | |
| In contract | |||
| Dec 27, 2024 | Relisted | $440,000 | |
| Relisted | |||
| Dec 12, 2024 | In contract | - | |
| In contract | |||
| Dec 7, 2024 | Relisted | $440,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017