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851 The Masters Boulevard
About This Property
Garage Door Opener: 3-2021, Gas Water Heater: 2-2021, Epoxy Garage Floor Treatment: 3-202,New Roof: 4/10/2015, New Windows: 4-11-2013
See the Virtual Reality Tour that was done with the house furnished.
This home has a pond as a neighbor to the right. See wildlife, watch the sun come up and set across the mature landscaping. Walk throughout the yard & enjoy the windmill Palm Trees, and various blooming plants and trees. This home offers 3 bedrooms, 2 baths, an office off the main hall that can be used as ? The formal living room area adjoins the formal dining area. The kitchen and living room/breakfast area offer an open concept w great views across the golf course. Hardwood, Tile and two carpeted bedrooms. Master Bath!
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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%.
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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.
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 |
|---|---|---|---|
| Apr 15, 2025 | Sold | ||
| Sold | |||
| Feb 26, 2025 | In contract | - | |
| In contract | |||
| Feb 22, 2025 | Listed by Keller Williams Realty FWB | $575,000 | |
| Listed by Keller Williams Realty FWB | |||
| | |||
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Nestled on the serene Shalimar Pointe Golf Course, this stunning Mediterranean-style home offers over 2,200 sq. ft. of beautifully updated living space. Featuring 3 spacious bedrooms, an office, double living rooms, separate dining room and 2 full bathrooms, this home is perfect for both relaxation and entertaining.
Step inside to discover a tastefully updated interior with 2021 upgrades, including luxury vinyl plank flooring, white cabinets, stainless steel appliances, and quartz countertops. Both bathrooms have been stylishly updated to meet modern standards. The master suite is a retreat with a soaker tub, stand-up shower, 2 walk-in closets, and a breathtaking view of the golf course. Sliding glass doors lead you to the screened-in sunroom where you can enjoy year-round comfort. Other standout features include:
- 2021 Popcorn removal & new paint
- Impact-rated windows (2016)
- Plantation shutters
- Ample Closet Space
- Whole house generator
- 2015 roof & 2017 HVAC
- 2020 gas hot water heater
- Updated electrical panel (2021)
- Bryan Pest Control termite bond
- Survey included
- Nearly 1/2 acre lot
- New Irrigation Pump 2023
- Sprinkler System on Well
Located just 10 minutes from Eglin AFB and minutes from hospitals, beaches, dining, and entertainment, this home offers convenience and luxury. Plus, enjoy access to the membership optional Shalimar Pointe Club, golf course, and pickleball/tennis courts.
Don't miss the chance to call this meticulously updated property your new home. Schedule a tour today!
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| Jul 2, 2021 | Sold | ||
| Sold | |||
| Mar 11, 2021 | Listed by Realty Pro Real Estate Centers | $429,000 | |
| Listed by Realty Pro Real Estate Centers | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017