7624 Key West Drive
About This Property
The highly coveted community of Caribbean Isle offers a community swimming pool and tennis courts. Navarre Beach is one of the last areas with the "Old Florida" appeal and a Fantastic Place to Live and Own a Piece of Paradise as either Secondary/Investment or Primary Home. Navarre Beach has Miles and Miles of White Sandy, Crowd Free Beaches and Stunning Emerald Hued Waters. There's plenty of Leisure Activities to enjoy whether on the Gulf of Mexico or the Santa Rosa Sound, with Parks, Hiking/Biking Paths, and the Spectacular Gulf Islands National Seashore. Just over the National Seashore is Pensacola Beach for even more Entertainment, Shops and Restaurants.
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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 |
|---|---|---|---|
| May 30, 2023 | Sold | ||
| Sold | |||
| Feb 16, 2023 | Listed by Berkshire Hathaway HomeServices | $1,225,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
| Feb 1, 2023 | No longer available | - | |
| No longer available | |||
| Sep 30, 2022 | Listed by Beach Properties of Florida | $1,250,000 | |
| Listed by Beach Properties of Florida | |||
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Located in the gated community of Caribbean Isle this 3 bed 3 bath is perfect for entertainment and relaxation. This home boasts heavenly Sound views, is situated between 2 empty lots, and backs up to open space. Upon entrance to the open concept dining room and kitchen, you are greeted with an abundance of natural light. The kitchen features stainless steel appliances and ample space for storage. The living room adjoins the kitchen and dining room, and is spacious with 20 foot ceilings. Unique architectural details including curved archways and an indoor balcony off the primary bedroom set this house apart. Glass sliding doors open to the oversized wrap around porch overlooking the emerald waters of the Santa Rosa Sound; the perfect place to enjoy a morning coffee or an evening drink. The manager has listed the unit size as 1820 square feet.
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| Oct 4, 2002 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017