$394,800
●
Condo -
Off Market
1080 Hwy 98 #310
Destin, FL 32541
2 Beds
2 Baths
1,200 Ft²
$692,588
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model
About This Property
This one is Priced to sell....This large 2 bedroom floor plan
sleeps 6 guests comfortably with relaxing gulf views from the
master Gulf View suite. 385k approved short sale and auction
price.
This unit would be a excellent for an investor!-- Similar units generate 45k in rental income-- The condominium features a large beach side heated pool, outdoor spa, conference facility, on-site rental desk, Barbecue area, and 300 feet of beach. This is a short sale and all offer subject to Bank Approval. This will be sold as-is.
This unit would be a excellent for an investor!-- Similar units generate 45k in rental income-- The condominium features a large beach side heated pool, outdoor spa, conference facility, on-site rental desk, Barbecue area, and 300 feet of beach. This is a short sale and all offer subject to Bank Approval. This will be sold as-is.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$325
Property Type
Condo
Property Taxes
-
HOA Dues
$633
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (ECAR MLS #716484)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 28, 2015 | Sold | ||
| Sold | |||
| Oct 20, 2014 | Listed by Newman Dailey Resort Properties | $390,000 | |
| Listed by Newman Dailey Resort Properties | |||
Property Highlights
Garage
Elevator
Air Conditioning
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Interior Features: Breakfast Bar, Floor Tile, Furnished - All, Newly Painted, Owner's Closet, Pantry, Wet Bar, Window Treatment All
Appliances: Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Smoke Detector
Rooms: 4
Exterior Details
Property Condition: Construction Complete
Year Built: 1994
Utilities Details
Cooling Type: Central Air
Utilities: Community Sewer, Community Water
Location Details
Association Fee Frequency: Monthly
Association Fee2: $633
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/24/2022
|
3 Bed
|
3 Bath
|
1907 ft²
|
$1,495,000
3 Bed
3 Bath
1907 ft²
|
-
-
|
Cindy Cole Fine Homes
Keller Williams Realty Destin
| |
|
07/10/2021
|
3 Bed
|
3 Bath
|
1907 ft²
|
$1,350,000
3 Bed
3 Bath
1907 ft²
|
-
-
|
Ed & Terri Smith
RE/MAX Coastal Properties
| |
|
06/07/2018
|
2 Bed
|
2 Bath
|
1200 ft²
|
$595,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
-
| |
|
07/31/2017
| |
2 Bed
|
2 Bath
|
1200 ft²
|
-
2 Bed
2 Bath
1200 ft²
|
-
-
|
-
|
|
10/20/2014
|
2 Bed
|
2 Bath
|
1200 ft²
|
$390,000
2 Bed
2 Bath
1200 ft²
|
$394,800
+1.23%
07/28/2015
|
Shannyn Stevenson
Newman Dailey Resort Properties
| |
|
02/25/2014
|
2 Bed
|
2 Bath
|
1255 ft²
|
$475,000
2 Bed
2 Bath
1255 ft²
|
$485,000
+2.11%
05/20/2014
|
Ann D Irons
Altitudes Realty Group
| |
|
01/28/2014
|
2 Bed
|
2 Bath
|
861 ft²
|
$327,900
2 Bed
2 Bath
861 ft²
|
$307,000
-6.37%
03/07/2014
|
Greg Solomon
Solomon & Lee
| |
|
05/09/2013
|
2 Bed
|
2 Bath
|
861 ft²
|
$349,900
2 Bed
2 Bath
861 ft²
|
$295,000
-15.69%
12/30/2013
|
John Moran
Keller Williams Realty Destin
| |
|
01/08/2013
|
2 Bed
|
2 Bath
|
861 ft²
|
$375,000
2 Bed
2 Bath
861 ft²
|
$340,000
-9.33%
06/19/2014
|
Brent Winjum
Aquatic Resort Properties Inc
| |
|
11/14/2011
|
2 Bed
|
2 Bath
|
861 ft²
|
$223,100
2 Bed
2 Bath
861 ft²
|
$240,000
+7.58%
02/10/2012
|
Patrick Finn
Finn Realty Inc
| |
|
09/16/2011
|
2 Bed
|
2 Bath
|
1200 ft²
|
$380,000
2 Bed
2 Bath
1200 ft²
|
$366,000
-3.68%
12/14/2012
|
James McDaniel
Chandler Associates
|
Building Info
About Sterling Sands
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Shannyn P Stevenson, Newman Dailey Resort Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 716484
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 716484
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