164 Knots Place
About This Property
Located in the highly desirable central area of Destin, this 2-bedroom, 2-bathroom townhouse- with no HOA- offers a prime opportunity for a small family, individual, or rental investor. Recently updated with a new HVAC system, siding and fresh paint, this home is being sold as-is and below appraised value. The property is in close proximity to the newly opened Publix, Destin Elementary School, and just minutes from the area's renowned beaches, shopping, and dining. With no HOA, this townhouse offers flexibility for both short-term and long-term rentals, making it an excellent investment opportunity. Whether you are seeking a primary residence or an income-generating property, this is a rare find in the heart of Destin.
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Cap Rate Calculator
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 3, 2025 | Sold | ||
| Sold | |||
| May 6, 2025 | In contract | - | |
| In contract | |||
| Mar 15, 2025 | Price Decreased |
$240,000
↓ $20K
(7.7%) | |
| Price Decreased | |||
| Mar 1, 2025 | Price Decreased |
$260,000
↓ $9K
(3.4%) | |
| Price Decreased | |||
| Sep 16, 2024 | Listed by NBI Properties Inc | $269,000 | |
| Listed by NBI Properties Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017