90 N Beach Drive
About This Property
Step onto the expansive Southern-style front porch, complete with a porch swing to enjoy gulf breezes. Inside, the open-concept design seamlessly connects the kitchen, dining and living areas, all bathed in natural light. The chef's kitchen is a true centerpiece, featuring stainless steel appliances, a gas stove, quartz countertops and ample workspace. A screened side porch offers a cozy spot for morning coffee or an afternoon of unwinding.
The luxurious master suite is a retreat in itself, with a spacious layout and an opulent ensuite bathroom. Each additional bedroom boasts its own private bath, ensuring comfort for family and guests alike. An adjacent flex space is perfect for a home office, library or media room. Notable updates include shutters, landscaping, lighting and privacy walls.
Venture into the backyard to find your private oasis: a sparkling pool and expansive fenced yard, ideal for entertaining or quiet afternoons in the sun. Gulf Pines offers 1,300 feet of private beach access, a shaded pavilion, golf cart parking and peaceful Morrison Lake for fishing and relaxing. Located just minutes from Sandestin Golf & Beach Resort, Silver Sands Outlets and the shops and restaurants at Grand Boulevard, this home offers both seclusion and convenience a rare opportunity for investors, retirees or those seeking a forever home by the beach.
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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%.
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 |
|---|---|---|---|
| Mar 27, 2025 | Sold | ||
| Sold | |||
| Mar 11, 2025 | In contract | - | |
| In contract | |||
| Jan 27, 2025 | Listed by Scenic Sotheby's International Realty | $1,599,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| May 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 7, 2021 | Relisted | $1,300,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017