512 Clareon Drive
About This Property
Situated on a generous lot w/ private pool, this one-of-a-kind property offers 2,049 sq ft of thoughtfully designed living space. Step through the double front doors into a home perfect for living & entertaining. On the first floor you'll find a beautiful primary suite, living room, kitchen, wet bar, pantry and walkout to the covered patio and pool deck along with an additional bedroom. The 2nd floor features two bedrooms and two full bathrooms. Clareon Dr. is within walking/biking/golf cart distance to Alys & Rosemary Beach, the Watersound Beach Club, multiple dune lakes, etc. Do not miss out on this turn-key home.
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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 |
|---|---|---|---|
| Dec 26, 2025 | Sold | ||
| Sold | |||
| Nov 29, 2025 | In contract | - | |
| In contract | |||
| Jul 15, 2025 | Price Decreased |
$1,599,000
↓ $20K
(1.2%) | |
| Price Decreased | |||
| Jun 16, 2025 | Listed by Inlet Beach Real Estate | $1,619,000 | |
| Listed by Inlet Beach Real Estate | |||
| Feb 2, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017