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130 Calhoun Avenue
About This Property
Don't miss this unique chance to own a large lot of nearly a 1/2 Acre in the heart of West Destin. The property features two homes-one originally built in the 50's and a second situated toward the rear of the lot-offering possibilities for investment, rental income, or future redevelopment. Adjacent to the beautiful Clement Taylor Park, you'll enjoy easy access to one of Destin's most treasured waterfront parks. Take a leisurely stroll beneath majestic oak and magnolia trees, watch breathing sunsets over the bay, fish from the city dock, or launch your paddle board or kayak from the nearby beach access.
Leonard Destin Park is also just a short walk away near the Marler Bridge, providing even more opportunities to enjoy the outdoors and the waterfront lifestyle. Conveniently close to shopping, dinning, beaches, boating and the world famous Crab Island which makes Destin one of Florida's premier coastal destinations, this property endless potential. This is the chance to experience the Destin lifestyle at it finest.
Schedule your showing today- opportunities like this don't present itself often.
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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 |
|---|---|---|---|
| Jun 4, 2026 | Listed by Realty ONE Group Emerald Coast | $952,500 | |
| Listed by Realty ONE Group Emerald Coast | |||
| May 20, 2025 | Listed | $972,500 | |
| Listed | |||
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Don't miss out on this rare opportunity to own a slice of West Destin. This large lot, just under 1/2 acre, has 2 homes on it. One is a home built in the 50's, and the other sits in the back of lot. Property is adjacent to the City of Destin's beautiful Clement Taylor Park so you can easily take a walk over to the large oak tree park and watch the daily sunsets, fish off the City Dock or launch your paddle board or kayak at the beach launch. Leonard Destin Park is also just a short walk towards Marler Bridge. These homes are located close to everything Destin is known for so don't miss this great opportunity to enjoy the Destin Lifestyle!
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| Apr 29, 2023 | No longer available | - | |
| No longer available | |||
| Apr 27, 2023 | Listed by Realty ONE Group Emerald Coast | $572,500 | |
| Listed by Realty ONE Group Emerald Coast | |||
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Don't miss out on this rare opportunity to own a slice of West Destin. This large lot, just under 1/2 acre, has 2 homes on it. One is a home built in the 50's, and the other sits in the back of lot. Property is adjacent to the City of Destin's beautiful Clement Taylor Park so you can easily take a walk over to the large oak tree park and watch the daily sunsets, fish off the City Dock or launch your paddle board or kayak at the beach launch. Leonard Destin Park is also just a short walk towards Marler Bridge. These homes are located close to everything Destin is known for so don't miss this great opportunity to enjoy the Destin Lifestyle The manager has listed the unit size as 2536 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017