901 Peacocks Point Drive
About This Property
The entry flows into an open living area with a wall of windows that frames the water and brings in consistent bay views. Reclaimed wood flooring sourced from an 1890s Chicago train station adds character without overwhelming the clean coastal aesthetic. The kitchen, dining, and living spaces connect easily, creating a central gathering area suited for both everyday living and entertaining. The primary suite sits in its own wing with... unobstructed water views, a spacious bath, and direct access to the outdoor living area. The additional bedrooms are positioned on the opposite side of the home along a private hallway and share a full bath.
Outdoor spaces are designed for functional waterfront living. A covered porch extends the main living area and overlooks the saltwater pool and bay. The property includes a deep water boat slip, an additional slip with lift, and quick access to Destin Harbor and the Gulf. The three car garage provides ample storage for vehicles and coastal gear.
Impact resistant windows, spray foam insulation, a whole-home generator, and other thoughtful construction updates contribute to the home's comfort and efficiency. 901 Peacock's Point Drive offers a refined single level layout on a protected deep water location in one of Destin's most desirable bayside enclaves.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017