557 Augusta Drive #557
About This Property
Sandestin Golf and Beach Resort is a major destination for all seasons and all ages, and has been named the #1 resort on Florida's Emerald Coast. This magical resort spanning over 2,000 acres is comprised of over 70 unique neighborhoods of condominiums, villas, town homes, and estates. The resort features miles of sandy white beaches and pristine bay front, four championship golf courses, a world-class tennis center with 15 courts, 4 resort swimming pools (and 15 private neighborhood pools), a 123-slip marina, a fully equipped and professionally staffed fitness center and spa, meeting spaces and The Village of Baytowne Wharf, a charming pedestrian village with events, shopping, dining, family entertainment and nightlife. For true golf cart community living, Grand Boulevard is just outside the resort gates and provides access to additional shopping, dining and entertainment, all without traveling on Hwy. 98. Come to Play, Stay for Life!
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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 |
|---|---|---|---|
| Nov 2, 2020 | Sold | ||
| Sold | |||
| Oct 16, 2020 | Listed by The Agency Sandestin | $359,000 | |
| Listed by The Agency Sandestin | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/16/2020
|
3 Bed
|
2 Bath
|
1414 ft²
|
$359,000
3 Bed
2 Bath
1414 ft²
|
$360,000
+0.28%
11/02/2020
|
Gary Bowman
SRE
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017