77 W Lamb Drive
About This Property
Built in 2021 by Carrot Top Construction, this 5-bedroom, 3-bathroom home sits on an oversized corner lot and enjoys a rare location directly across from the neighborhood's gated community dock with bay access. Whether you're launching a paddleboard, enjoying sunset views, or spending a day on the water, the bay is literally steps from your front door.
Inside, the thoughtfully designed floor plan centers around an expansive vaulted living room and a stunning chef's kitchen featuring a large gathering island, 3CM quartz countertops, custom Wellborn cabinetry, and a gas range. Designed for entertaining, the open-concept living spaces flow effortlessly while offering the warmth and functionality today's buyers desire.
The first-floor primary suite serves as a private retreat with a spacious walk-in closet and dual vanities, while the versatile bonus room above the oversized two-car garage can function as a fifth bedroom, media room, playroom, or home office.
Beyond its beautiful finishes, this home is loaded with premium upgrades, including hurricane-impact windows and doors, a hurricane-rated garage door, a whole-home water filtration system with UV purification, and a reverse osmosis drinking water system at the kitchen sink. The fully fenced backyard provides ample room for pets, play, or future outdoor enhancements, all while enjoying the privacy of this intimate neighborhood setting.
Perfectly positioned less than 10 minutes from the white sand beaches of 30A and just minutes from Grand Boulevard's premier shopping, dining, and entertainment, this is a rare opportunity to own a newer custom home in one of Santa Rosa Beach's most convenient and desirable locations.
Modern construction. Bay access. Coastal convenience. This is the lifestyle you are searching for.
Reach out directly for more information.
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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