8796 St Andrews Drive
About This Property
Upon entry, you're welcomed by immediate views of mature trees framing the 10th hole on Baytowne Golf Course. The living room features soaring ceilings, upper windows, and a fireplace accented with shiplap and built-in shelving. Updated LVP flooring runs throughout the main living areas. A convenient half bath is located off the main space. Just off the main living and dining area, a sitting area overlooks the pool... ...and provides an additional spot to relax and enjoy the view. The first-floor primary suite includes a nice-sized bedroom with two closets and a private bath with walk-in closet, walk-in shower, and large bathtub.
The kitchen has been upgraded with quartz countertops and LG appliances and overlooks the large screened-in saltwater pool with golf course views surrounding. Outdoor living is a standout feature with a covered patio complete with counter space, sink, and two beverage refrigerators -- all positioned to enjoy the pool and scenic backdrop. Off the kitchen is a laundry room with a small built-in desk space and convenient access to an oversized garage.
On the second floor, an open hallway overlooks the living room and leads to two guest bedrooms, each with its own ensuite bath, offering excellent privacy for visitors.
Additional highlights include a new roof installed in 2021, oversized two-car garage with storage closets, new Maytag washer/dryer purchased in 2026, and select window treatments added in 2023. Built in 1987, the home has seen thoughtful updates over time while offering an opportunity for further personalization.
Located in a tight-knit community within Sandestin, offering golf-cart access to golf, tennis, pickleball, the Marina, Baytowne Wharf, and Grand Boulevard shopping and dining. Enjoy miles of walking and biking trails, multiple golf courses, and, of course, access to the beautiful beaches of the Emerald Coast, all contributing to the sought-after resort lifestyle.
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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%.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017