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Destin 32541 Pine Ridge Trace
11 Pine Ridge Trace
$315,000
● House - Off Market

11 Pine Ridge Trace

Destin, FL 32541
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
$1,788
Est. Monthly
4.46%
Cap Rate

About This Property

Great remodeled townhome in the heart of Destin. Upon entering the front door you're greeted by an open floor plan with a beautiful  kitchen that features stainless steel appliances, new cabinets, new countertops with ample counter space and a breakfast bar. Unit features luxury vinyl plank throughout, fresh paint, light fixtures and recessed lights. Close to the beautiful white sandy beaches, shopping, schools and military bases. NO HOA, NEW ROOF 2024.
Unit Size
-
Days on Market
45 days
Land Size
0.05 acres
Price per sqft
-
Property Type
House
Property Taxes
$191
HOA Dues
-
Year Built
1984

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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 #971222)

Price History

Date / Event Date Event Price
Apr 28, 2025 Sold
Premium
Sold
Mar 21, 2025 In contract -
In contract
Mar 14, 2025 Listed by Stars Realty $325,000
Listed by Stars Realty
Feb 4, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 35
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,199
  • Total Building Area: 1,417
  • Gross Building Area: 1,417
  • Building Area: 1,261
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,261
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE RIDGE TRACE
  • Land Acres: 0000000051
  • Standard Land Use Code: 1001
  • County Land Use Code: 000109
  • State Land Use Code: 01
  • Legal Description 1: PINE RIDGE TRACE UNIT 11

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023305

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-2077-0000-0110
  • Lot: 11
  • Municipality: DESTIN
  • Latitude: 30.4068
  • Longitude: -86.4813

    Address

  • Full Address: 11 Pine Ridge Trce
  • Address - House Number: 11
  • Address - Street Name: Pine Ridge
  • Address - Suffix Type: Trce
  • State: FL
  • City Name: Destin
  • Carrier Code: C008
  • 4-Digit Zip Code: 2056
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,277
  • Tax Year: 2023
  • Tax Amount: $229,688
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 307,181
  • High Value: 361,937
  • Low Value: 252,425

    Market Valuation

  • Market Total Value: $216,117
  • Market Land Value: $70,000
  • Market Improvement Value: $146,117

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $216,117
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $146,117

    Sales

  • Current Sale Contract Date: Jan 04, 2013
  • Current Sale Recording Date: Feb 04, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 2976423
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 Pine Ridge Trace

Stats & Trends

Median Asking:

$239,500

Sale Price/ft²

$204

Above Asking

0.00%

Average Days on Market

14

Average Home Size

1183 ft²

Average Home Age

41.5 years

Currently For Sale

0 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: Natalia Sevciuc, Stars Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 971222
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 11 Pine Ridge Trace built and last sold?
The property at 11 Pine Ridge Trace was built in 1984 and last sold on Jan 4, 2013 for $22,000.
How much is this home worth?
The estimated value of the home located at 11 Pine Ridge Trace is $0.
What are some comparable homes to 11 Pine Ridge Trace?
There are currently no comparable homes to 11 Pine Ridge Trace.
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