7151 Reef Street
About This Property
A welcoming covered front porch leads into a light-filled interior where soaring tray and box ceilings, graceful archways, and a sophisticated neutral palette create an inviting atmosphere. The thoughtfully designed split floor plan provides privacy for the primary suite while offering flexibility for family and guests. Upstairs, a private fifth bedroom with its own ensuite bath and oversized walk-in closet is ideal as a guest retreat, executive office, or media room.
Designed for both everyday living and effortless entertaining, the open-concept great room flows seamlessly into the well-appointed kitchen featuring granite countertops, stainless steel appliances, abundant cabinetry, a breakfast bar, and an adjoining formal dining room for memorable gatherings.
The luxurious primary suite serves as a private sanctuary with an elegant double tray ceiling, spa-inspired bath, soaking tub, tiled walk-in shower, dual vanities, and an oversized walk-in closet.
Outside, the covered lanai overlooks a generously sized backyard with ample space for a future pool, outdoor kitchen, or simply enjoying Florida's year-round sunshine. An extended driveway provides generous parking for family and guests. Ownership in Holley by the Sea offers access to one of Northwest Florida's premier recreational communities. Residents enjoy championship-style amenities including eight clay tennis courts, three swimming pools, a fitness center, boat launch with access to Santa Rosa Sound, walking paths, playgrounds, and a vibrant community center. Just minutes from the sugar-white beaches of the Gulf of Mexico, this home delivers an exceptional blend of coastal elegance, resort-style amenities, and everyday convenience.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 23, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Listed by Keller Williams Realty Gulf Coast | $600,000 | |
| Listed by Keller Williams Realty Gulf Coast | |||
| Jun 3, 2026 | Price Decreased |
$625,000
↓ $14K
(2.2%) | |
| Price Decreased | |||
| Apr 30, 2026 | Price Decreased |
$639,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Apr 17, 2026 | Price Decreased |
$649,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017