53 Gulfside Way
About This Property
Step inside to discover new flooring throughout, a fully renovated kitchen with stainless appliances (including an oven with air fryer), and three newly updated bathrooms. The primary suite on the mid-floor is a retreat of its own, complete with a private coffee bar and mini-fridge. The third-floor tower features four custom built-in bunks, each with its own TVperfect for family or guests.
Designed for relaxed coastal living, the interiors embrace a light, airy vibe with natural textures and bright coastal tones. Outdoor spaces invite connection and downtime, with a custom swing across the front porch. The side porch features a cozy wicker egg chairperfect for relaxing with a book or capturing that Instagram-worthy beach moment. Covered parking and exterior storage add convenience.
Gulfside Cottages is an intimate enclave of only 29 homes with white picket fences, sidewalks, a seasonally heated community pool, and beach access just a short stroll away - no roads to cross. With its premier location south of Scenic 98, the neighborhood offers easy access to shopping, dining, golf, and entertainment at Grand Boulevard, Silver Sands, Destin Commons, Baytown Wharf in Sandestin and the Destin harbor.
Whether enjoyed as a personal retreat or a high-demand asset, 53 Gulfside Way delivers a modern coastal lifestyle with enduring appeal.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017