87 Grace Point Way
About This Property
Grace Point is one of 30A's most sought-after gated communities, offering a private coastal setting with beautifully designed homes, peaceful surroundings, and an unmatched location directly along Scenic Highway 30A. Just steps from the Watersound Beach Club and minutes from Camp Creek, state park trails, Rosemary Beach, Alys Beach, Seaside, acclaimed dining, boutique shopping, and the Emerald Coast's renowned sugar-white beaches, the community places the very best of 30A within easy reach. Whether you're searching for a full-time residence or a luxury coastal retreat, 87 Grace Point Way offers a rare opportunity to own an exceptional home in one of 30A's most desirable communities.
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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 |
|---|---|---|---|
| Oct 13, 2026 | Price Decreased |
$3,399,900
↓ $75K
(2.2%) | |
| Price Decreased | |||
| Oct 7, 2026 | Price Decreased |
$3,475,000
↓ $24K
(0.7%) | |
| Price Decreased | |||
| Sep 21, 2026 | Price Decreased |
$3,499,000
↓ $90K
(2.5%) | |
| Price Decreased | |||
| Sep 3, 2026 | Price Decreased |
$3,589,000
↓ $10K
(0.3%) | |
| Price Decreased | |||
| Aug 3, 2026 | Price Decreased |
$3,599,000
↓ $51K
(1.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017