49
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74 Walton Drive
About This Property
A welcoming covered front porch leads into a spacious, thoughtfully designed interior featuring engineered wood flooring, a split floor plan, and soaring vaulted ceilings reaching approximately 19 feet in the main living area. The open-concept kitchen features granite countertops, abundant cabinetry, stainless steel appliances, a teal glass subway tile backsplash, and elegant pendant lighting over the breakfast bar. The kitchen flows seamlessly into the dining and living areas, creating an inviting space for gathering and entertaining.
Tucked away at the rear of the home, the spacious primary suite features tray ceilings over 11 feet high, walk-in closet & direct patio access. The ensuite bath offers a granite double vanity, deep soaking tub, and beautifully updated walk-in shower with floor-to-ceiling tile, decorative mosaic accents, and glass enclosure. Two additional guest bedrooms near the entry provide privacy and comfort along with a shared guest bathroom. Upstairs, an incredible bunk retreat features 2 full-over-full bunk beds, sleeper & full bath. Outdoor living is equally inviting with a fully fenced backyard featuring low-maintenance turf, a paver patio, fire table, lounge area, and dedicated grilling space. A spacious two-car garage offers an EV charger and ample storage for beach gear.
The Villas of Frangista offers a private community pool with paver sundeck, restroom facilities, and gated deeded beach access just 1/2 mile away! Enjoy a quick 4-minute drive or golf cart ride to the beach, with dining, shopping, golf, and entertainment all within easy reach. Just a mile away are Silver Sands Premium Outlets and local favorites like Pompano Joe's, Dolphin Reef, and The Whale's Tail at Seascape Resort. Explore Sandestin Golf & Beach Resort and The Village of Baytowne Wharf just 4 miles east, or head 4 miles west to Destin Commons and Camille's Beachside Cafe. With its desirable location, spacious accommodations, and turnkey furnishings, this home presents one of the best values within the community, offering an exceptional opportunity for a personal retreat or vacation rental investment!
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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 |
|---|---|---|---|
| Oct 18, 2026 | Listed by EXP Realty LLC | $994,000 | |
| Listed by EXP Realty LLC | |||
| Nov 12, 2021 | Sold | ||
| Sold | |||
| Sep 16, 2021 | No longer available | - | |
| No longer available | |||
| Sep 14, 2021 | Listed by EXP Realty LLC | $975,000 | |
| Listed by EXP Realty LLC | |||
| Aug 18, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017