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129 Durango Road #1
About This Property
Inside, the home has been thoughtfully updated with a custom kitchen featuring an 8-foot butcher block island, granite countertops, stainless steel appliances, and a spacious pantry. The lower level includes a custom wet bar with wine cooler, beverage cooler, and live-edge cypress countertop, plus a second living area that could easily serve as a game room to maximize vacation rental appeal.
Additional highlights include a fenced maintenance-free side yard, and room to enjoy kayaking, paddle boarding, fishing, or simply stepping onto your boat from your backyard. Offered furnished, this is a rare opportunity to own a turnkey waterfront property that combines boating, beach access, and exceptional outdoor living in the heart of Destin.
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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 |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$1,084,000
↓ $15K
(1.4%) | |
| Price Decreased | |||
| Jul 15, 2026 | Listed by EXP Realty LLC | $1,099,000 | |
| Listed by EXP Realty LLC | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017