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8857 Baypine Drive
About This Property
Spanning 1,968 square feet, the home features three bedrooms and three bathrooms, with a thoughtful floor plan that balances inviting gathering spaces with comfortable private retreats. Rich hardwood flooring flows throughout the main living areas, while expansive windows fill the home with natural light and frame tranquil views of the lake beyond.
The living and dining spaces transition effortlessly to a screened porch, creating a peaceful outdoor room where mornings begin with coffee overlooking the water and evenings wind down beneath the glow of sunset. Whether entertaining guests or simply enjoying the quiet surroundings, the home's connection to its outdoor setting is both effortless and inviting. Spacious bedrooms provide comfort and privacy, while the home's two-story design offers flexibility for everyday living. Short-term rentals are permitted, adding versatility to this exceptional property.
Adding to the home's appeal, a golf cart conveys with the purchase, making it easy to experience everything Sandestin has to offer. Cruise to championship golf courses, bayfront restaurants, boutique shopping, relaxing spas, the marina, or the resort's private beach access with the convenience that has become part of everyday life within the community.
Perfectly positioned in one of Miramar Beach's most sought-after destinations, 8857 Baypine Drive offers more than a home--it offers a lifestyle where lakefront tranquility, world-class amenities, and coastal convenience exist in perfect balance. From morning rounds of golf to waterfront dining and sunset rides through the resort, every day is an invitation to enjoy the very best of Sandestin.
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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 7, 2026 | Price Decreased |
$995,000
↓ $100K
(9.1%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by Corcoran Reverie SRB | $1,095,000 | |
| Listed by Corcoran Reverie SRB | |||
| Jan 28, 2022 | Sold | ||
| Sold | |||
| Sep 3, 2021 | Sold | ||
| Sold | |||
| Jul 21, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017