105 Fletcher Way
About This Property
Charming features like elegant paver driveways, farmhouse-style cement board exteriors, and enchanting natural gas lanterns create an inviting ambiance, complemented by lush landscaping. Each home includes a full gas appliance package, Navien tankless water heaters with recirculation pumps, metal roofs, front porch gas accent lights and luxury vinyl flooring throughout. A community-managed well irrigation system, the cottages cover every detail and are designed for ease and enjoyment.
Surrounded by the vibrant lifestyle Destin is famous for, this neighborhood is just minutes from the beach's sugar-white sands, the Bay, Harbor, Pass, and Crab Island. Imagine hopping on your golf cart for lunch, or catching a floating tiki to Crab Island just a mile away. Enjoy an evening stroll to Harborwalk for a casual dinner before retreating to the serenity of your coastal cottage.
The gated community offers convenient entry from Kelly Street and exit onto Sibert, providing quick access to the Destin Pass while feeling worlds away.
If you're seeking a new home with coastal charm in revitalized Old Destin, let The Destin Cottages become your retreat in this timeless community.
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Cap Rate Calculator
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 7, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Nov 24, 2024 | Listed by Real Estate Empowered LLC | $627,000 | |
| Listed by Real Estate Empowered LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017