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Destin 32541 Destiny East
109 Tranquility Lane
$535,000
● House - Off Market

109 Tranquility Lane

Destin, FL 32541
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,066 Ft²
$913,871
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Your ''Destiny'' awaits... Beautiful and spacious 4 bedroom home in the very desirable gated community of Destiny East. Enjoy being right near the beach with loads of great amenities. This lovely home has lots of nice touches throughout including hardwood floors in the LR and halls, tiled entry/dining/kitchen & baths, double sided gas fireplace facing LR and breakfast nook, screened porch, spacious yard with nice paver patio, outdoor shower, 1st floor master BR, large bonus room upstairs. Located just a short walk to the clubhouse, pool and the beach. Also, just minutes from all that Destin has to offer. Come see this great home today!
Unit Size
3,066 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$168
Property Type
House
Property Taxes
$432
HOA Dues
$648
Year Built
1998

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 years ago (ECAR MLS #732383)

Price History

Date / Event Date Event Price
Aug 18, 2015 Sold
Premium
Sold
Jun 19, 2015 Listed by Finn Realty Inc $514,900
Listed by Finn Realty Inc
Apr 6, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 504
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,106
  • Total Building Area: 3,683
  • Gross Building Area: 3,683
  • Building Area: 3,119
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,119
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DESTINY EAST PH III
  • Land Acres: 0000000186
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: DESTINY EAST PH III LOT 213

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0076-0000-2130
  • Block: 1
  • Lot: 213
  • Municipality: DESTIN
  • Latitude: 30.3849
  • Longitude: -86.4047

    Address

  • Full Address: 109 Tranquility Ln
  • Address - House Number: 109
  • Address - Street Name: Tranquility
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Destin
  • Carrier Code: C018
  • 4-Digit Zip Code: 4776
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 3,414
  • Tax Year: 2023
  • Tax Amount: $987,637
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 1,099,711
  • High Value: 1,286,068
  • Low Value: 913,355

    Market Valuation

  • Market Total Value: $936,663
  • Market Land Value: $231,084
  • Market Improvement Value: $705,579

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $936,663
  • Assessed Land Value: $231,084
  • Assessed Improvements Value: $705,579

    Sales

  • Current Sale Contract Date: Jul 10, 2015
  • Current Sale Recording Date: Aug 18, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3016650
  • Previous Sale Recording Date: Apr 06, 2015
  • Previous Sale Contract Date: Apr 02, 2015
  • Previous Sale Amount: $412,100
  • Previous Sale Document Type: 69
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Destiny East

Stats & Trends

Median Asking:

$1,747,450

Sale Price/ft²

$468

Below Asking

0.01%

Average Days on Market

106

Average Home Size

3212 ft²

Average Home Age

22.5 years

Currently For Sale

17 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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ECAR

Listed by: Team Finn, Finn Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 732383
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 109 Tranquility Lane built and last sold?
The property at 109 Tranquility Lane was built in 1998 and last sold on Jul 10, 2015 for $535,000.
How much is this home worth?
The estimated value of the home located at 109 Tranquility Lane is $0.
What are some comparable homes to 109 Tranquility Lane?
There are currently no comparable homes to 109 Tranquility Lane.
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