94 Terra Cotta Way
About This Property
The Master Suite features a walk-in closet and French doors leading into a large back Sundeck. The en-suite Bath includes a double-sink vanity, a jetted garden tub, a separate shower, and a glass-block window that brings in muted natural light. The Backyard is private and enclosed by a freshly painted stucco wall. The home has fresh exterior paint and also some fresh interior paint, and most of the glass in the windows was replaced in 2024. Additional features include a covered front Porch, large rear Sundeck, barrel-tiled roof, brick paver driveway and walkway, and an attached Garage.
This neighborhood shares amenities with the adjacent property, The Enclave. These amenities include tennis & pickleball-lined courts, a swimming pool, a community clubhouse, a sand volleyball court, and gated beach access to the Gulf of America.
Terra Cotta Terrace is located just a short distance from beachfront dining and just minutes to Destin Commons and Silver Sands Outlets. Built by Phillip O'Shea of O'Shea Builders, this home has had a single owner since 1994.
This special property is a must-see!
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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 |
|---|---|---|---|
| Aug 20, 2025 | Sold | ||
| Sold | |||
| Jul 20, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Listed by Scenic Real Estate | $729,000 | |
| Listed by Scenic Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017