78 Hutton Cove #LOT55
About This Property
Welcome to the Sydney plan, part of the Preserve Collection in the Arborview Park neighborhood of Watersound Origins. Positioned on a deep homesite exceeding 150 feet with a wooded view, this thoughtfully designed single-level home offers 4 bedrooms, 3 bathrooms, and a 2-car garage.
The open living, dining, and kitchen areas create a spacious central gathering space, highlighted by 16-foot sliding glass doors in the living room that open to a 12' x 24' screened rear porch with a gas fireplace, seamlessly connecting indoor and outdoor living.
The kitchen is designed for both function and style with quartz countertops, upgraded cabinet panel front Wolf appliance package, a expanded island with extra cabinets, and stacked glass upper cabinets that add visual interest and additional storage.
The primary suite is privately positioned and features a well-appointed bath with a freestanding soaking tub, tiled shower, dual vanities, and a large walk-in closet. Each of the guest bedrooms includes generous walk-in closets, offering excellent storage throughout the home. Additional upgrades include pre-wiring and a gas stub for a future generator, plumbing for a water filtration system, shiplap in the foyer, along hallway leading to garage and on kitchen island, solid core doors throughout, extra cabinets and basin sink in the laundry room, upgraded Seaside Limestone tile in bathrooms, dry bar with cabinet panel front Scotsman nugget ice machine and SubZero beverage center, epoxy garage floor and EV car charger.
Homes in the Preserve Collection benefit from larger homesites that provide additional privacy and flexibility for outdoor living, including the opportunity to add a pool.
Estimated completion: end-July 2026
As part of Watersound Origins, often called "A Coastal Village," residents relish abundant amenities like the Village Commons resort-style pool, fitness center, sports courts, miles of nature trails, event lawns, and the Origins Golf Course. Surrounded by towering pines and just minutes from Lake Powell and the beaches of Scenic Highway 30A, this community blends natural beauty with easy access to Inlet Beach, Grayton Beach, and beyond. Upcoming highlights include the 15.5-acre Longleaf Art Park, opening in 2027, featuring cultural and recreational experiences.
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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%.
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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.
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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 26, 2026 | Price Increased |
$1,367,290
↑ $16K
(1.2%) | |
| Price Increased | |||
| Jul 24, 2026 | Price Decreased |
$1,350,850
↓ $171K
(11.2%) | |
| Price Decreased | |||
| Jul 17, 2026 | Price Increased |
$1,521,650
↑ $12K
(0.8%) | |
| Price Increased | |||
| Jun 27, 2026 | Price Increased |
$1,509,475
↑ $18K
(1.2%) | |
| Price Increased | |||
| Jun 9, 2026 | Price Decreased |
$1,491,795
↓ $3K
(0.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017