50
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714 Putter Drive
About This Property
Nestled among mature trees and established landscaping, this charming home offers a comfortable and functional layout designed for everyday living and effortless entertaining. Offered furnished, the inviting interior features an open living and dining area with abundant natural light and vaulted ceilings that create a bright and airy atmosphere. The kitchen is conveniently located at the heart of the home, offering ample cabinet and counter space and easy access to the living areas, making it perfect for gatherings with family and friends.
The spacious primary suite provides a relaxing retreat, while additional bedrooms offer flexibility for guests, a home office, or growing families. A screened porch creates the perfect spot to enjoy morning coffee or unwind in the evenings while taking in the quiet surroundings of this established neighborhood. The garage was updated to include a 240-volt outlet for those EV owners.
Beyond the home itself, the lifestyle offered in Bluewater Bay is truly exceptional. Residents enjoy a walkable, golf-cart-friendly community with miles of tree-lined streets ideal for walking, jogging, and biking. The area offers convenient access to parks, golf courses, tennis facilities, marinas, and waterfront dining. The nearby marina provides easy access to the beautiful waters of Choctawhatchee Bay, perfect for boating, paddleboarding, and sunset views.
Commuters will appreciate the home's convenient location just minutes from Eglin Air Force Base, one of the region's largest employers, making it an excellent choice for military personnel, contractors, and professionals working in the area.
When it's time to enjoy the beach, the white sands and emerald waters of the Gulf Coast are just a short drive away. Spend weekends exploring the shopping, dining, and entertainment options in Destin or relaxing along the stunning shoreline of Miramar Beach--both located within easy reach of this home.
Families will also appreciate that the property is located in the highly regarded Okaloosa County School District, known for strong academic performance and community support. Students are zoned for top-rated schools including Bluewater Elementary School, Ruckel Middle School, and Niceville High School--all widely recognized for their excellent academic and extracurricular programs.
Whether you are searching for a primary residence, a peaceful coastal lifestyle, or a convenient location near work and recreation, this home offers the perfect balance of comfort, community, and convenience.
Come experience everything that life in Bluewater Bay has to offer.
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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