71 Nelly Street
About This Property
71 Nelly Street comes with a **1% rate buydown for the first year**, PLUS A NEW ROOF and offers a beautifully maintained **4-bedroom, 3-bath Craftsman home** with **2,032 square feet** of thoughtfully designed living space in the highly desirable **Schooner Landing** neighborhood of Hammock Bay.
From the charming front porch and white picket fence to the spacious open-concept floor plan, this home was designed for both comfortable everyday living and effortless entertaining. The well-appointed kitchen features **quartz countertops, a large center island, stainless steel appliances, abundant cabinetry, a pantry, and an upgraded tile backsplash**, all opening seamlessly to the living and dining areas.
The flexible floor plan offers the convenience of a **first-floor primary suite** complete with a walk-in closet and private ensuite bath, along with an additional guest bedroom and full bath on the main level. Upstairs, you'll find two generously sized bedrooms connected by a shared bath with double vanities, providing an ideal layout for family and guests alike.
Step outside to the **screened porch**, an inviting retreat perfect for morning coffee, afternoon reading, or relaxing after enjoying the incredible amenities that make Hammock Bay one of Northwest Florida's premier master-planned communities. Since construction, the home has been thoughtfully upgraded with numerous improvements, including quartz countertops throughout, fresh interior paint, a Nest thermostat, gutters, storm door, screened garage door, screened porch with ceiling fan, laundry room cabinetry, updated lighting and plumbing fixtures, enhanced landscaping, and more.
Living in Schooner Landing means enjoying one of the most comprehensive amenity packages along the Emerald Coast. Residents have access to multiple resort-style pools, a 25-meter lap pool, a state-of-the-art fitness center, tennis, pickleball and basketball courts, clubhouse, movie theater, dog parks, playgrounds, putting greens, miles of walking and biking trails, stocked fishing ponds, and the private Bay Club featuring a fishing pier and boat dock on Choctawhatchee Bay.
Even better, the Schooner Landing HOA includes lawn maintenance, irrigation, fertilization, mulching, and basic cable television, allowing you to spend more time enjoying the community and less time maintaining your property.
Located just minutes from the white-sand beaches of South Walton and 30A, Destin, Niceville, Eglin Air Force Base, Hurlburt Field, and Northwest Florida Beaches International Airport, Hammock Bay offers an exceptional combination of convenience, recreation, and community.
If you've been waiting for a move-in-ready four-bedroom home in Hammock Bay, this is an opportunity you won't want to miss.
**1% first-year rate buydown available through Prosperity Mortgage with an approved offer. See the Prosperity Mortgage flyer under the Documents tab for additional details. Schedule your showing today!**
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 31, 2026 | Price Increased |
$388,900
↑ $13K
(3.5%) | |
| Price Increased | |||
| Oct 22, 2026 | Price Decreased |
$375,900
↓ $600
(0.2%) | |
| Price Decreased | |||
| Sep 19, 2026 | Price Decreased |
$376,500
↓ $2K
(0.4%) | |
| Price Decreased | |||
| Sep 4, 2026 | Price Decreased |
$378,000
↓ $2K
(0.4%) | |
| Price Decreased | |||
| Aug 20, 2026 | Price Decreased |
$379,500
↓ $10K
(2.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017