5216 Portside Terrace
About This Property
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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 |
|---|---|---|---|
| Apr 4, 2025 | Sold | ||
| Sold | |||
| Mar 6, 2025 | In contract | - | |
| In contract | |||
| Nov 26, 2024 | Price Decreased |
$2,450,000
↓ $200K
(7.6%) | |
| Price Decreased | |||
| Sep 27, 2024 | Listed by Keller Williams Realty Destin | $2,650,000 | |
| Listed by Keller Williams Realty Destin | |||
| | |||
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Welcome to Island Estates, a gated beach enclave within the prestigious Sandestin Resort. This is a rare opportunity to own a beach home in this highly sought-after community. With only 9 homes nestled around a picturesque lake on the beachside, privacy and tranquility are guaranteed.
Step inside this stunning residence and be greeted by an open concept floor plan that seamlessly blends elegance and functionality. Boasting 4 bedrooms, 4.5 baths, and a golf cart garage, this home offers ample space for both relaxation and entertaining.
Hardwood floors adorn every room, enhancing the overall warmth and charm. The living room boasts 12-foot ceilings with beautiful white-washed beams, creating a sense of grandeur and sophistication The private master suite, located on the first floor, is a true sanctuary with a spa-like bath and two large walk-in closets. A second bedroom and bathroom suite are also conveniently situated on the first floor.
Upstairs, you'll find two more generously sized bedrooms, each with their own en-suite bathrooms, and a spacious office.
The gourmet kitchen is a chef's dream, complete with top-of-the-line appliances and a walk-in pantry. Whether you're hosting a dinner party or preparing a casual meal, this kitchen has it all.
One of the standout features of this home is the newly added climate-controlled sunroom. Perfect for year-round enjoyment, this versatile space allows you to relax and entertain while taking in the beautiful views of the surrounding landscape.
This home is equipped with the latest technology upgrades, including "Control 4" home automation and a home generator, ensuring convenience and peace of mind for the modern homeowner.
Don't miss out on the opportunity to own this truly exceptional home. Call today to schedule a private viewing and experience the beauty and luxury that awaits you at this one-of-a-kind beach residence in Island Estates within the Sandestin Resort.
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| Jan 17, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017