9275 Lilge Circle
About This Property
The oversized 2-car garage features an 18-foot hurricane-rated door (vs. the standard 16 ft) and additional driveway parking for up to 6 vehicles. A 6,500-watt portable gas generator with a 30-ft cable is wired directly into the main electrical panel for easy backup power.
Additional features include hurricane shutters on all windows, grand mahogany double entry doors, high ceilings with crown molding, and a fully hard-wired security system covering all doors, windows, smoke/fire alarms, and police/emergency panic buttons. Built with rock-solid construction, this property has withstood every major hurricane since 1995.
Located in the Santa Rosa County school district, with convenient access to Hurlburt Field, Eglin Air Force Base, Navarre Beach, and the Gulf. The neighborhood features a private beach with a gazebo and a boardwalk nature trail.
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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 |
|---|---|---|---|
| Jan 27, 2026 | Sold | ||
| Sold | |||
| Jan 13, 2026 | In contract | - | |
| In contract | |||
| Dec 16, 2025 | Price Decreased |
$950,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Oct 9, 2025 | Price Decreased |
$975,000
↓ $25K
(2.5%) | |
| Price Decreased | |||
| Jul 14, 2025 | Listed by EXP Realty LLC | $1,000,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017