59 Ballamore Cove
About This Property
There's large outdoor entertainment areas on all three levels
Full-sized master suites on the second & third floors
Each bedroom has an ensuite full bathroom
Each floor has a wet bar or full kitchen which allows every level to feel like its own private space
The floor plan flows really well and is surprisingly open for a 2006-built property.
The stairs are travertine, and they went the extra mile to accent them with travertine trim.
There's a washer/dryer on the first and third floors, and they're both conveniently located next to the elevator.
Ample natural light on all three levels
One key detail in the home that creates a functional floor plan is the outdoor kitchen being located directly off the main kitchen & living room. This small detail means someone can easily watch the grill while prepping vegetables or checking the oven and still be involved in the conversations and memories taking place. The outdoor kitchen also has a set of stairs that leads from the grill to the pool, so when the burgers are done they can immediately be placed in the center of a family gathering, and it also allows an adult to keep an eye on their kids in the pool while they're grilling.
As a luxury real estate agent of almost 10 years and the son of a custom home builder I know quality when I see it, and this home impresses me. 59 Ballamore Cove has an abundance of outdoor living space including two 11'x15' balconies, one of which has views of the Gulf of America. The home also has two separate 15' octagonal covered outdoor living areas that overlook the pool, and that same tower covers the spa and keeps it shaded from the Florida sun. The outside spaces & balconies flow into main living areas to create dynamic indoor/outdoor entertainment options, and the bedrooms are evenly dispersed throughout the three floors so that each level has a sense of definition and allows for multiple generations to stay in the home at once without feeling cramped or like they're on top of one another. Each floor having a wet bar or kitchen area also helps to make all three stories useful on their own while still flowing well with each other - an ideal scenario for multiple families or generations to use the home at the same time.
This home is located in Avalon Beach Estates which is one of the best values on the Emerald Coast. For a $1,600 annual HOA fee it boasts 500' of private beach that stays peaceful year-round. Avalon also provides a community pool, pickleball, tennis, and it's a short golf cart or e-bike ride from the Destin Commons & Sandestin Factory Outlet Mall.
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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%.
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 11, 2026 | Sold | ||
| Sold | |||
| Apr 12, 2026 | In contract | - | |
| In contract | |||
| Sep 9, 2025 | Listed by Compass | $2,445,000 | |
| Listed by Compass | |||
| Apr 26, 2025 | Price Decreased |
$2,799,000
↓ $96K
(3.3%) | |
| Price Decreased | |||
| Feb 16, 2025 | Listed | $2,895,000 | |
| Listed | |||
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Private beach frontage to the Gulf of America, coastal elegance and timeless beauty await in Avalon Beach at beautiful 59 Ballamore, a 4,083 square foot 5 bedroom 5 and one half bath custom built home with PRIVATE beach exclusively for Avalon owners and guests. Your beach house awaits complete with all the must haves including a two car garage, gourmet kitchen, elevator, large heated swimming pool, hot tub, two gas fireplaces, two living rooms, and outdoor living spaces with large brick paver terrace, and 4 large covered balconies. The street legal 6 seat golf cart is included in the sale and rests in the two-car garage with ample separate storage. The original owners are offering this well-maintained, never rented (although rentals are allowed), immaculate home furnished.Perfectly located in a cul de sac this home sits on the closest street to the beach in the neighborhood. Gracious multiple spaces for indoor and outdoor living abound on each level. As you enter the large foyer, the first floor level offers two ensuite guest bedrooms and access to the large terrace, pool and hot tub. The first level's sitting area also features a convenient washer and dryer for guests, a coffee bar with mini refrigerator, and a bath which can be accessed from the pool and hot tub spa. As you enter the second floor which is the Main Living Area, you are at once greeted by a living room with fireplace framed by two inviting window seats. The living room marries the dining and kitchen in this open floor plan and lets on to an outdoor balcony which captures the gulf breezes. The kitchen also lets on to an additional balcony with built in grilling and is ideal for dining outdoors overlooking the pool and terrace. The kitchen features Wolf gas range, double ovens, Sub Zero Refrigeration, an island, and walk in pantry. The second floor master bedroom suite with large bath with separate shower, water closet, dual sinks, jetted tub and oversized customized closet is ideal for generational living. The third floor is a dream for guests gathering around the gas fireplace by the custom wet bar with icemaker and refrigerator. The third floor also features two balconies which adjoin the living room with fireplace and window seats and a large private balcony off the ensuite bedroom. The third-floor master bedroom, bath and closet features customizations found in the second-floor master. Also conveniently located on the third floor is an oversized laundry room with a sink, lots of cabinets and countertops.
Avalon Beach Estates offers a community pool, 2 tennis court and a PRIVATE beach for owners and their guests. We invite you to make an appointment today to see 59 Ballamore today. You won't be disappointed!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017