56 Lakeland Drive
About This Property
• Architecturally Designed 2023 Coastal Estate by Shiloh Construction - a premier builder known for craftsmanship, integrity, and elevated beach-home design
• 7 Private Ensuite Bedrooms with Bunk Suite | 7 Full Baths + Powder Room - sleeps 20+ in luxury, ideal for multi-generational living, or top-tier vacation rental income
• Fully Furnished & Curated Turn-Key Interior - professionally styled coastal decor, designer lighting, durable high-end furnishings, and rental-ready inventory included
• Private Heated Pool + Expansive Outdoor Living Retreat - brick-paver deck, full privacy fencing, grilling station, lounge seating & generous entertaining area designed for family gatherings and elevated guest experiences
" Access to Two Pools resort-style private community pool plus your own heated private pool onsite, a rare dual-amenity luxury advantage
" Gourmet Coastal Kitchen with quartz countertops, oversized island, stainless appliance suite & seamless flow into indoor/outdoor living
" Triple-Zone Climate System (3 HVAC Units) + Tankless Hot Water Heater optimized for comfort and efficiency during peak occupancy
" Hardie Board Exterior + Standing Seam Metal Roof + Double-Pane Impact Windows elite structural integrity, low maintenance, and insurance-favored materials built for coastal climate longevity
" Generous Parking Capacity an uncommon luxury for Gulf-coast estates and a major rental advantage
" Deeded Beach Access a short walk or golf cart ride to the world-famous sugar-white shoreline and emerald-green Gulf waters
" Gated Community quiet, secure, and golf-cart friendly with upscale coastal architecture throughout
" Exceptional Investment Appeal high-demand bedroom count, dual pools, parking, outdoor entertaining space, and walk-to-beach location = powerful short-term rental performance
" Unbeatable Location minutes to Silver Sands Premium Outlets, Sandestin Golf & Beach Resort, Grand Boulevard, Destin Commons, waterfront dining, beach clubs, golf, marinas & luxury retail
=a Luxury Build + Coastal Strength
" Built in 2023 | Insurance & code advantages
" Shiloh Construction one of Miramar Beach's most respected high-end builders
" Impact glass, quartz surfaces, metal roof, and tankless hot water = long-term value
" Fully furnished + turn-key luxury rental ready = immediate income potential
Walk, bike, or golf cart to the beach. Lounge by your own heated pool. Entertain under the palms. Host large gatherings with ease. Experience the best of Miramar Beach luxury living where design, rental strength, and location all align.
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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 |
|---|---|---|---|
| Dec 22, 2025 | Sold | ||
| Sold | |||
| Dec 15, 2025 | In contract | - | |
| In contract | |||
| Dec 6, 2025 | Price Decreased |
$1,525,000
↓ $70K
(4.4%) | |
| Price Decreased | |||
| Nov 1, 2025 | Listed by Home Town Realty Partners LLC | $1,595,000 | |
| Listed by Home Town Realty Partners LLC | |||
| Feb 14, 2025 | Listed | $1,650,000 | |
| Listed | |||
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The Investment property you have been waiting for! Welcome to this exceptional 7-bedroom plus bunk-room home, offering ample space and modern comforts for large families or groups. Step outside to your own private oasis, the private pool is ideal for sunny days of relaxation and family fun. Nestled in the gated neighborhood of The Villas of Frangista, this home is the ideal retreat for those wanting to unwind in style while enjoying paradise. Conveniently located close to the white sand beaches, shopping and restaurants, this home offers both privacy and convenience
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017