81 Jack Knife Drive
About This Property
The open floor plan seamlessly connects the kitchen, dining, and living areas, anchored by an indoor gas fireplace and elevated with upgraded light fixtures throughout, making it ideal for both everyday comfort and effortless entertaining. The kitchen is a true standout, featuring quartz countertops, a large walk-in pantry, a built-in bar area, and Frigidaire Professional Series stainless steel appliances. including a natural gas range and electric oven.
Step outside to the enclosed screened porch -- the perfect spot to unwind with a cup of coffee and listen to the wind move through the towering pine trees just beyond the yard. In the evenings, gather around on the paver patio surrounded by the kind of stillness and quiet that first drew the owners to this home. The fully fenced yard backs directly to community green space and a walking trail, offering a rare sense of privacy and a serene, park-like setting you'll never tire of.
The Watersound Origins lifestyle is hard to beat. Walk to the resort-style pool and fitness center at Village Commons. Enjoy the Davis Love III-designed Origins Golf Course, tennis and pickleball courts, miles of nature trails, and dock access to Lake Powell -- one of Florida's rare coastal dune lakes. The beach is just five minutes away, and the shops and restaurants of Watersound Town Center and Scenic Highway 30A put world-class dining within easy reach -- including plenty of local favorites just off 30A where you can skip the tourist crowds during peak season. Wonderful neighbors and a short-term rental restricted community create the genuine neighborhood feel that makes this place so special.
Whether you're seeking a forever home on the Emerald Coast or a peaceful retreat just minutes from the Gulf, 81 Jack Knife Drive is coastal living done right.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| May 2, 2026 | In contract | - | |
| In contract | |||
| Mar 16, 2026 | Price Decreased |
$849,000
↓ $46K
(5.1%) | |
| Price Decreased | |||
| Feb 25, 2026 | Price Decreased |
$895,000
↓ $30K
(3.2%) | |
| Price Decreased | |||
| Feb 12, 2026 | Listed by Christies International Real Estate Emerald Coast | $925,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017