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5423 Terrace Circle
About This Property
Offered fully furnished and rental ready, this exceptional property also boasts abundant storage and an unbeatable location just moments from the sugar-white beaches of the Gulf, championship golf courses, tennis and pickleball courts, the Baytowne Marina, world-class dining, shopping, entertainment, and the vibrant Village of Baytowne Wharf.
Whether you're searching for a primary residence, a vacation retreat, or a high-performing investment property, this rare Sandestin townhome delivers the perfect combination of luxury, functionality, and resort lifestyle.
As an introduction to the Sandestin lifestyle, we invite our new owners to explore amenities that make Sandestin special. The listing brokerage and seller(s) are presenting the buyer(s) of this property with (2) 90-minute rounds of Tennis court time, a golf foursome at one of our three championship courses, and a round of golf for up to four (4) players at the unrivaled Burnt Pine Golf Club.
Sandestin Golf and Beach Resort features more than seven miles of beaches and pristine bay front, four championship golf courses, 15 world-class tennis courts, a 226-slip marina, a fitness center, spa and celebrity chef dining. Shop, dine and play at the charming pedestrian village, The Village of Baytowne Wharf and more. Inside the gates of the resort, residents enjoy a balanced lifestyle of high-class living, spanning the 2,400 acres from the beach to the bay. Everything within the gates of the resort is accessible by golf cart or bicycle. The entire resort is interconnected by miles of pedestrian, bike and golf cart paths that weave through groves of live oaks, meandering past natural lagoons, fountains, man-made lakes, and meticulously landscaped fairways.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Sold | ||
| Sold | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Jul 17, 2026 | Listed by The Agency Northwest Florida Beaches | $1,275,000 | |
| Listed by The Agency Northwest Florida Beaches | |||
| Apr 15, 2020 | No longer available | - | |
| No longer available | |||
| Nov 15, 2019 | Listed | $799,000 | |
| Listed | |||
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Rare find with 2 car garage and 6 seater EZGO golf cart that convey. Located on the Beachside of Sandestin Golf and Beach Resort on a Par 3 fairway of the Baytowne Golf Course this Mediterranean style luxury townhome has unmatched views from the expansive patio and private balcony. The open floor plan offers crown molding and ceramic tile downstairs through the powder room, kitchen with granite counter tops, living area and guest bedroom with en suite bath with patio access from both. Upstairs the master bedroom suite has balcony access, walk-in closet, en suite bathroom with double vanity, large soaking tub, and separate walk-in shower. Another guest bedroom and bathroom complete the second level. Lots of storage, fully furnished and rental ready. The manager has listed the unit size as 2186 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017