43
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512 Samana Way
About This Property
For peace of mind, the roof was replaced in 2024, HVAC replaced in 2023, water heater replaced in 2023, sliding glass doors and most windows replaced in 2017 and 2019.
From its prime location, all of Bluewater Bay's resort amenities are within easy reach including miles of recreational trails, dining, shopping, a marina complex, and memberships available for golf, tennis, pickleball, and pools. Zoned for highly rated Bluewater Elementary School, offering a choice of Ruckel or Destin Middle School, and highly acclaimed Niceville High School. Zip over the nearby MidBay Bridge to take advantage of Destin and South Walton's famed white sand beaches and recreational opportunities.
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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 |
|---|---|---|---|
| Jun 16, 2026 | Sold | ||
| Sold | |||
| May 28, 2026 | In contract | - | |
| In contract | |||
| May 27, 2026 | Price Decreased |
$524,900
↓ $4K
(0.8%) | |
| Price Decreased | |||
| Apr 23, 2026 | Price Decreased |
$528,900
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Mar 13, 2026 | Listed by EXP Realty LLC | $529,900 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017