Lot 80 S Splash South Drive
About This Property
Your slice of Lake Powell awaits on Scenic Highway 30A. This rare 0.26-acre homesite in the coveted Powell Landing enclave of WaterSound Origins delivers 72' of frontage on one of the world's rarest coastal dune lakes -- the kind of natural setting that simply doesn't come available in South Walton anymore. Build your custom dream home surrounded by an impressive collection of luxury residences already rising in this sought-after pocket of Florida's Emerald Coast. HOA dues include Village Commons fitness center & pool, nature trails, an Executive Golf Course, and Lake Powell dock access -- with the option to elevate to WaterSound Club membership for 3 Private Golf Courses, the Private Watersound Beach Club, a resort-caliber Wellness Center, tennis & pickleball, and multiple dining venues. Minutes from 30A's sugar-white sand beaches and the boutique shopping and dining of Rosemary Beach, Alys Beach, and Seaside -- with Panama City Beach and Destin also a short drive away. Opportunities like this in Northwest Florida don't last -- bring your builder and make it yours.
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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