683 Eden Drive
About This Property
Facing Tucker Bayou, this 5,000+ Sq Ft family compound offers the best of Bay front living. The main house features an open floor plan, perfect for entertaining with water views from every angle. You can enjoy cozy gatherings around the dining peninsula in the kitchen or step onto the open deck to relax by the fire with a sunset view. The waterfront primary suite provides a serene retreat with private deck access, a sitting area, large walk-in closets, and a spa bath with a soaking tub and separate shower. Three additional bedrooms with bathrooms are located in the main house, complete with a private den for movie nights and a half bath. Upstairs, a versatile multipurpose room offers space for lounging, working,
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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 |
|---|---|---|---|
| Sep 9, 2026 | Sold | ||
| Sold | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| Jul 1, 2026 | Price Decreased |
$3,995,000
↓ $500K
(11.1%) | |
| Price Decreased | |||
| May 23, 2026 | Price Decreased |
$4,495,000
↓ $500K
(10%) | |
| Price Decreased | |||
| Mar 18, 2026 | Listed by 850 Properties - Santa Rosa Beach | $4,995,000 | |
| Listed by 850 Properties - Santa Rosa Beach | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017