8868 Brown Pelican Circle
About This Property
Welcome home to this beautifully updated 3-bedroom, 2.5-bath townhome ideally located in a charming, well-maintained community in desirable East Navarre. Just minutes from Navarre Beach, local shopping, dining, and an easy drive to Hurlburt Field AFB, this home offers comfort, convenience, and coastal living at its best.
The community of Reserve Pointe features wonderful curb appeal with sidewalks, palm trees, a community pool, playground, and maintained landscaping. This home is ideally situated at the front of the community with easy access to the playground, pool, mailboxes, and nearby guest parking, offering added convenience for everyday living.
Step inside to a welcoming foyer that flows seamlessly into the spacious family and dining area. There is no carpet .... throughout the home--instead, you'll enjoy gorgeous newly installed wood-plank look LVP flooring and fresh paint throughout, creating a clean, modern, and low-maintenance living space. A glass door leads to the private north-facing outdoor patio, perfect for relaxing and enjoying beautiful Florida evenings while cooking out and entertaining.
The kitchen offers newly painted staggered cabinetry, a hop-up breakfast bar, and stainless steel appliances. A convenient downstairs half bath features a granite vanity with an under-mount sink.
Upstairs, the spacious primary suite includes a large walk-in closet and an en-suite bathroom with granite double vanity and step-in shower. Two additional bedrooms offer generous closet space, and the second full bath includes a granite vanity and tub/shower combination. The laundry closet is conveniently located upstairs.
Additional features include ceiling fans, blinds throughout, fiber optic internet availability, and HOA coverage that includes exterior building insurance and grounds maintenance.
This well-maintained, move-in ready home offers style, convenience, and an ideal East Navarre location. Schedule your private showing today!
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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 |
|---|---|---|---|
| Apr 1, 2026 | Relisted | $290,000 | |
| Relisted | |||
| Mar 22, 2026 | In contract | - | |
| In contract | |||
| Mar 7, 2026 | Listed by Levin Rinke Realty | $290,000 | |
| Listed by Levin Rinke Realty | |||
| Aug 23, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017