79 Shoreline Drive
About This Property
Enjoy quick access to the bayou, public boat launches, shopping, dining, and the beautiful beaches of Florida's Emerald Coast.
If you've been searching for a home that gives you room to breathe, room to gather, and room for the things that matter most, this may be the one you've been waiting to call home.
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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 7, 2026 | In contract | - | |
| In contract | |||
| Aug 30, 2026 | Price Decreased |
$499,990
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Jul 30, 2026 | Listed by Coldwell Banker Realty | $515,000 | |
| Listed by Coldwell Banker Realty | |||
| Jan 27, 2015 | Sold | ||
| Sold | |||
| Jun 25, 2014 | Listed by Coldwell Banker Realty | $209,500 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017