8 Caba Cove
About This Property
This beautifully finished new-construction home in the exclusive enclave of The Reserves at Serenity at Dune Allen offers a rare opportunity just under half a mile from the new Dune Allen Beach access. Designed with elevated coastal style, the home features premium finishes throughout, including luxury vinyl plank and tile flooring with no carpet, quartz countertops, and custom-tiled showers.
The first floor features a bright, open-concept layout with a gourmet kitchen, spacious living area, one bedroom, a full bathroom, a half bathroom, and a welcoming covered front porch. Just off the main living area, stairs lead to a private backyard finished with pavers, creating an ideal space for outdoor entertaining, grilling, and relaxing.
Upstairs, the luxurious primary suite features a spa-inspired bathroom with a custom-tiled shower, frameless glass enclosure, and separate soaking tub. This level also includes an additional generously sized bedroom, a bunkroom with four built-in bunks, and a versatile loft with a wet bar. A large covered patio extends the living space outdoors, offering the perfect setting for lounging or entertaining guests.
Additional features include a dedicated golf cart path along the side of the home leading to an enclosed golf cart pad, as well as generous under-house space providing ample storage. stairs lead down to a private backyard finished with pavers--an ideal setting for outdoor entertaining, grilling, and relaxing.
Upstairs, the second level features a luxurious primary suite with a spa-inspired bathroom, complete with a custom tiled shower with a frameless glass enclosure, and a separate soaking tub. This level also includes an additional generously sized bedroom, a bunkroom with four built-in bunks, and a flexible loft space with a wet bar. A large, covered patio enhances the indoor-outdoor lifestyle, perfect for lounging or hosting guests.
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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 |
|---|---|---|---|
| Apr 13, 2026 | Listed by Keller Williams Realty Destin | $1,295,000 | |
| Listed by Keller Williams Realty Destin | |||
| Aug 25, 2025 | Listed | $1,350,000 | |
| Listed | |||
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*OPEN HOUSE WILL BE HELD NOV. 25th, 26th, & 28th 11:00-4:00 IN MODEL HOME LOCATED AT 415 Dolphin Dr. SANTA ROSA BEACH*
Stunning new construction on 30A! This gorgeous 2-story home is located in Serenity at Dune Allen, directly across from the Dune Allen Beach Access. Currently under construction, the home will showcase high-quality finishes throughout, including luxury vinyl plank and tile flooring (no carpet), quartz countertops, and beautifully tiled showers.
The first floor features a spacious open layout with a gourmet kitchen, large living area, one bedroom, a full bathroom, and a half bath, along with a charming covered front porch. Upstairs, you'll find three generously sized bedrooms, two full bathrooms, and a versatile den. A screened-in second-floor porch provides the perfect spot to enjoy the coastal breeze.
With its prime location, thoughtful design, and modern finishes, this home offers the ideal blend of comfort and style for full-time living, a second home, or an investment property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017