932 BAMBI Drive
About This Property
The glass entrance opens into an incredible 3-story high living space with a stunning wall of windows facing Choctawhatchee Bay. The main spaces are expertly designed to flow with ease from the indoor living area with large bar, to the outdoor patio, formal dining room, fabulous gourmet kitchen, and entertainment/media room. From the floating staircase to the artistic light fixtures, gorgeous kitchen cabinetry, and mosaic tile powder room wall, each design element offer ...a uniqueness that supersedes the latest trends--thus preventing the home from dating easily--and provides an excellent backdrop to highlight your own decor and sense of style.
In some ways this is a sun worshipper's home: it offers a gorgeous pool surrounded by a huge patio, a large top-floor open deck, balconies running the length of the home, and amazing walls of windows that flood the interior with light. Yet the ambiance is also delightful round the clocka€"catch the sunset over the bay, enjoy your hot tub under the stars, or watch a summer storm roll in. With the security of rebar-reinforced poured concrete construction, commercial grade mostly impact-resistant windows, and a commercial grade roof, you won't have to worry about the elements.
The floorplan is excellent for modern lifestyles. The 4 bedroom suites are all separated and some have separate entrance options, which allows for guests, boomerang children, elderly parents (especially with the elevator), and/or a home office. The incredible master wing includes a bedroom with view, balcony, trey ceiling, and fireplace; a small room that could be a nursery or mini-office (the closet is so incredible, it's unlikely you'll need it for storage); separate water closet, jetted hot tub, large shower, separate sinks, and more. A fully equipped gym (equipment included) with stunning views is included on the third floor.
Of course, living in Destin is about enjoying the water, and the covered boat dock on Choctawhatchee Bay is a short jaunt from Crab Island, East Pass, and the Gulf of Mexico! The 1+ acre lot enjoys privacy, lush foliage front and back, and a gated entry. All with no HOA fees! If you want to enjoy both the glamour of a luxurious contemporary residence and the relaxed small-town warmth found in Destin, this beautiful property may be the right place to make your own.
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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 |
|---|---|---|---|
| Jun 22, 2016 | Sold | ||
| Sold | |||
| Aug 28, 2015 | Listed by Somers & Company | $2,395,000 | |
| Listed by Somers & Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017