93 Porter Way #LOT77
About This Property
Welcome to the brand new Avalon plan from Boswell Builders, nestled in the coveted Watersound Origins neighborhood, Powell Landing East. This new 1-story home design features 4 bedrooms, 4.5 bathrooms. The main living space features a grand, open-concept great room with a living room fireplace and a stunning kitchen featuring wood cabinetry to the ceiling, quartz countertops, and stainless steel appliances (36'' gas range, vent hood, microwave drawer + more). This home also features 10' ceilings throughout, luxury vinyl plank floors + tile in bathrooms, wood closet shelving, crown molding in main living areas and primary bed + bath, and 8' interior doors.
The spacious primary suite is situated at the rear of the home overlooking the back yard featuring a massive walk-in closet, double vanity, tiled walk-in shower, and freestanding bathtub. The secondary bedrooms each have their own bathroom and walk-in closet.
The Watersound Origins community is one of South Walton's most coveted neighborhoods for its exceptional amenities, beautiful new homes, and prime location. Amenities include the Village Commons pool & fitness center, sports courts including tennis and pickle ball, miles of nature trails, dock access to Lake Powell, unlimited golf, and lots of green space for outdoor play. The all new Watersound Town Center brings a new level of excitement and convenience to the community with a Publix Super Market, delicious restaurants, healthcare facilities, and more right at the entrance to the neighborhood!
*Pricing for inventory homes include lot premiums and may include optional upgrades. Added options/upgrades and pricing are subject to change.
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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 14, 2025 | Sold | ||
| Sold | |||
| Jun 28, 2024 | Listed by Berkshire Hathaway HomeServices | $948,740 | |
| Listed by Berkshire Hathaway HomeServices | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017