813 Bayshore Drive
About This Property
Discover the best of coastal living in this charming 3-bedroom, 2.5-bath Florida cottage with 89 feet of deep-water frontage. Enjoy direct boating access from your private dock, complete with boat and jet ski lifts, and take in breathtaking sunsets over the bayou. This home blends classic cottage charm with modern updates, including a new roof (2023). The bright, open layout showcases serene water views from nearly every room. Perfect for entertaining or relaxing on multiple decks, this property captures the true essence of Florida waterfront living! Short term rentals are allowed in this area and one of the garages can be converted to a guest suite to generate income or provide additional living space.
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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 |
|---|---|---|---|
| Dec 2, 2025 | Sold | ||
| Sold | |||
| Oct 29, 2025 | In contract | - | |
| In contract | |||
| Oct 24, 2025 | Listed by Better Homes and Gardens Real Estate Emerald Coast | $849,000 | |
| Listed by Better Homes and Gardens Real Estate Emerald Coast | |||
| Oct 2, 2023 | No longer available | - | |
| No longer available | |||
| Aug 17, 2023 | Relisted | $895,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017