901 Valparaiso Boulevard
About This Property
Inside, the living room centers around a gas fireplace with mantel and accent wall, creating an inviting gathering space with plenty of room to relax. The spacious kitchen offers generous counter space and a suite of new appliances, including the refrigerator, range, dishwasher, hood and microwave. A stand-alone freezer provides additional valuable storage. Fresh interior paint and new trim give the home a crisp, updated feel, while the renovated bathrooms feature modern tile showers and distinctive black tile flooring.
The primary suite includes a custom closet organization system, while three additional bedrooms provide flexibility for family, guests, an office or hobbies. An expansive screened porch extends the living space outdoors, offering a comfortable place to enjoy the corner-lot setting. The two-car garage is complemented by abundant additional parking with room to accommodate a boat or RV.
Significant improvements add another layer of value, including brand-new impact windows with a transferable warranty, R-38 blown-in insulation completed in 2024, and a new electrical service panel installed in 2023. The water heater was replaced in 2023, and the HVAC system dates to 2018. Fresh landscaping further enhances the exterior.
The location puts everyday conveniences and recreation within easy reach. Niceville High School and Ruckel Middle School are nearby, while Lions Park and its public boat ramp are approximately half a mile away, making a day on the water especially convenient. Shopping, dining, parks, military bases and the bay are all readily accessible, with the beaches of the Emerald Coast just a short drive away. With its extensive updates, generous parking and proximity to both the water and the conveniences of Niceville, this home is ready for its next chapter.
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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 3, 2026 | In contract | - | |
| In contract | |||
| Sep 14, 2026 | Listed by Scenic Sotheby's International Realty | $499,900 | |
| Listed by Scenic Sotheby's International Realty | |||
| Nov 1, 2023 | Sold | ||
| Sold | |||
| Aug 14, 2023 | No longer available | - | |
| No longer available | |||
| Aug 8, 2023 | Listed by Scenic Sotheby's International Realty | $420,000 | |
| Listed by Scenic Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017