538 22Nd Street
About This Property
Renovated to Inspire. Staged to Impress. Move-In Ready in Niceville's Carol Ann Manor. On a corner lot in one of Niceville's established neighborhoods, this 2,021 sq ft home blends mid-century character with a sleek, modern revival. Originally built in 1974, it was taken down to the studs and completely reimagined inside and out so you can enjoy the charm of the era without sacrificing today's style or convenience.
The kitchen is the showpiece with quartz countertops, a large center island with hidden storage, open shelving instead of upper cabinets, and textured subway tile that adds depth and dimension. A custom butler's pantry with butcher block counters and smart organization keeps everything in its place.
An open layout connects the dining area to the sunken family room, where a wood-burning fireplace anchors the space. Luxury vinyl plank flooring, designer fixtures, and hand-selected finishes bring a cohesive, intentional feel throughout.
The main bathroom delivers everyday luxury with a double vanity featuring brushed brass fixtures, era-appropriate designer tile, and a fully tiled shower/tub combination. The primary suite features two sunlit windows, a walk-in closet with custom organization, and a striking ensuite with ceiling-height tile, a sleek vanity, and glass barn doors.
A light-filled Florida room extends your living space and opens to a shaded backyard with mature trees and a brand-new privacy fence.
With updates including a new roof, upgraded electrical, custom closets, and top-to-bottom finishes, this home is truly one of a kind in Carol Ann Manor. At $449,900 and below fair market value; it's staged, move-in ready, and waiting for its next chapter.
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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 |
|---|---|---|---|
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Oct 9, 2025 | In contract | - | |
| In contract | |||
| Sep 26, 2025 | Relisted | $449,900 | |
| Relisted | |||
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Price Decreased |
$465,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017