diff --git a/changelogs/fragments/netbox_ip_address-fix-duplicate-ip.yaml b/changelogs/fragments/netbox_ip_address-fix-duplicate-ip.yaml
new file mode 100644
index 00000000000..b94108ba84a
--- /dev/null
+++ b/changelogs/fragments/netbox_ip_address-fix-duplicate-ip.yaml
@@ -0,0 +1,6 @@
+---
+bugfixes:
+- >
+  netbox_ip_address - Fixed issue where it would create duplicate IP addresses when trying to serialize the IP address object
+  which doesn't have the ``.serialize()`` method. This should also prevent future duplicate objects being created if they don't
+  have the ``.serialize()`` method as well.
diff --git a/lib/ansible/module_utils/net_tools/netbox/netbox_utils.py b/lib/ansible/module_utils/net_tools/netbox/netbox_utils.py
index a6b92f68137..6c37eded415 100644
--- a/lib/ansible/module_utils/net_tools/netbox/netbox_utils.py
+++ b/lib/ansible/module_utils/net_tools/netbox/netbox_utils.py
@@ -197,10 +197,11 @@ def create_netbox_object(nb_endpoint, data, check_mode):
     if check_mode:
         serialized_nb_obj = data
     else:
+        nb_obj = nb_endpoint.create(data)
         try:
-            serialized_nb_obj = nb_endpoint.create(data).serialize()
+            serialized_nb_obj = nb_obj.serialize()
         except AttributeError:
-            serialized_nb_obj = nb_endpoint.create(data)
+            serialized_nb_obj = nb_obj
 
     diff = _build_diff(before={"state": "absent"}, after={"state": "present"})
     return serialized_nb_obj, diff