104 Fletcher Way
About This Property
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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 |
|---|---|---|---|
| May 6, 2026 | Sold | ||
| Sold | |||
| Apr 17, 2026 | In contract | - | |
| In contract | |||
| Oct 26, 2025 | Listed by Real Estate Empowered LLC | $657,900 | |
| Listed by Real Estate Empowered LLC | |||
| Jun 28, 2024 | Listed | $647,000 | |
| Listed | |||
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New Construction in Old Destin is hard to find, so come discover the best of both worlds at The Destin Cottages, a new gated neighborhood of just 12 Coastal homes tucked away in the heart of one of Destin's heritage communities and only minutes from EVERYTHING Destin is famous for- the sugar white sands of the beach, the Bay, the Harbor, the Pass, and even Crab Island. Hop on your golf cart to grab lunch, catch the floating tikis to Crab Island less than a mile away, ride your bikes 3 blocks to school at Destin Elementary or stroll over to Harborwalk for a casual dinner - it's all in your backyard until you are ready for the quiet bliss of your coastal cottage retreat. The gated community features an entrance on Kelly Street and exit off Sibert just seconds from the Destin Pass, but world's away. Elegant paver driveways, farm house chic brick and cement board exteriors, enchanting natural gas lanterns on each home add to the coastal charm along with lush landscaping. Each home features gas appliances including a full appliance package with ice maker and water hookup for additional ice maker in the garage; on demand water heaters are standard.
These coastal homes feature:front porch gas accent lights, Navien tankless instant water heaters with recirculation pumps, gas fireplaces, metal roofs, sentricon stations, golf cart pads, rain
shower in the primary bath, soaker tub, wood shelf pantry and luxury vinyl flooring throughout. The HOA maintains the front yard and all homes are on a well irrigation system managed by the HOA.
If you are looking for a new home within a coastal retreat community in the revitalized Old Destin area, come let the charm of The Destin Cottages whisk you away.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017