$2,999,000
↓ $251K (7.7%)
●
House -
For Sale
588 Allen Loop Drive
Santa Rosa Beach, FL 32459
5 Beds
4 Baths,
1
Half Bath
3,793 Ft²
$15,068
Est. Monthly
About This Property
Just off the west end of Scenic 30A, 588 Allen Loop Drive delivers
lakeside living with a modern edge. This newly built five-bedroom
home rises three stories, offering layered outdoor spaces, clean
architectural lines, and sweeping views from every angle.
On the second level, open concept dining and living flow out to generous covered porches, perfect for slow mornings or sunset cocktails. At the top, a private rooftop terrace is designed for your relaxation and comfort.
Steps from public beach access and minutes to Grand Boulevard, Topsail Hill Preserve, and South Walton's best dining and retail, the location balances privacy with prime access. Quiet. Coastal. Convenient.
On the second level, open concept dining and living flow out to generous covered porches, perfect for slow mornings or sunset cocktails. At the top, a private rooftop terrace is designed for your relaxation and comfort.
Steps from public beach access and minutes to Grand Boulevard, Topsail Hill Preserve, and South Walton's best dining and retail, the location balances privacy with prime access. Quiet. Coastal. Convenient.
Unit Size
3,793 Ft²
Days on Market
182 days
Land Size
0.22 acres
Price per sqft
$791
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 months ago (ECAR #999266)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 16, 2026 | Price Decreased |
$2,999,000
↓ $251K
(7.7%) | |
| Price Decreased | |||
| Mar 27, 2026 | Listed by Compass | $3,250,000 | |
| Listed by Compass | |||
Property Highlights
Elevator
Air Conditioning
Parking Details
Has Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Elevator, Kitchen Island, Pantry, Hallway Bunk Beds, Lighting Recessed, Owner's Closet, Split Bedroom, Washer/Dryer Hookup
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Washer, Water Heater, Auto Garage Door Opn, Oven Double, Smoke Detector
Rooms: 20
Exterior Details
Square Footage: 3793
Property Condition: Construction Complete
Architectural Style: Contemporary
Year Built: 2025
Building Area Total: 3793
Window Features: Double Pane Windows
Construction Materials: Frame, Stucco, Roof Pitched
Patio and Porch Features: Covered, Porch, Porch
Pool Features: Pool Type
Lot Features: Cleared, Level, Interior, Irregular, Survey Available, Within 1/2 Mile to Water
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Acres: 0.22
Lot Size Square Feet: 9583.2
Lot Size Dimensions: 75 x 145 (approx.)
Water Source: Public
Financial Details
Tax Annual Amount: $4,107
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Walton
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Listed by: Spears Group, Compass
Last Updated: 2 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 999266
Last Updated: 2 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 999266
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