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700 Driftwood Drive
About This Property
Why pay for off-site boat storage when your next adventure can begin right in your own backyard? A newly renovated private covered dock features a 15,000-pound boat lift designed to accommodate a 30-foot vessel, complete with running water and a convenient cleaning station. With the Gulf of America just a 15 minute boat ride away, spontaneous fishing trips, sunset cruises, and days exploring the Emerald Coast are always within easy reach. Simply lower your boat and go!
The outdoor spaces are designed to make the most of this exceptional waterfront setting. A generously sized in-ground swimming pool overlooks the tranquil canal, while a relaxing hot tub provides the perfect place to unwind after a day on the water. Multiple patios create inviting spaces for morning coffee, outdoor entertaining, or simply enjoying the coastal breeze. Adding even more versatility, a privately fenced concrete parking area along the side of the home offers potential space for an RV, boat trailer, or additional vehicles, while a separate storage shed provides added convenience.
Step inside to discover beautifully updated interiors filled with natural light and timeless coastal charm. The spacious kitchen features crisp white cabinetry, sleek countertops, and a generous center island, opening seamlessly to the dining and living areas. Expansive windows across the rear of the home frame picturesque views of the sparkling pool and canal, bringing the beauty of the waterfront indoors. A fireplace surrounded by custom built-ins adds warmth and character to the inviting living room, creating an ideal setting for both everyday comfort and entertaining.
The spacious primary suite offers a peaceful retreat with double doors opening directly to a rear patio, also accessible from the main living area. The beautifully renovated ensuite bath features dual vanities and an oversized walk-in shower with striking contemporary finishes.
Three additional bedrooms provide flexibility for guests, family, or a dedicated workspace. The generously sized fourth bedroom is currently used as a home office but is fully suited for use as a bedroom. Two guest bedrooms feature spacious double closets for abundant storage, with one also offering direct access to a separate patio near the outdoor spa.
Whether you're searching for a luxurious full-time residence or a private coastal getaway, this property offers an exceptional opportunity to enjoy the best of waterfront living. From mornings on the canal to afternoons beside the pool and evenings cruising the Gulf, every day feels like an escape.
Discover the freedom of having the water at your doorstep and your next adventure just minutes away. Welcome home to 700 Driftwood Drive!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017