$479,000
●
Condo -
For Sale
197 Durango Road #UNIT2B
Destin, FL 32541
2 Beds
2 Baths
1,356 Ft²
$2,755
Est. Monthly
About This Property
Waterfront Living on Holiday Isle with Direct Gulf Access!
Renovated 2BR/2BA condo at Sun King Towers overlooking the canal.
This bright second-floor unit features an updated kitchen with
quartz countertops, newer appliances, in-unit washer/dryer, and
hurricane-impact windows and doors. Enjoy two private covered
balconies with peaceful water views. Gated community with
waterfront pool and unique two-story pool house with kitchen and
gathering space. Boat slips available first-come for just $500/year
including water and electric. Just a 10-minute walk to Destin's
white-sand beaches. Ideal as a primary, vacation home, or
investment property.
HOA: $950/month
HOA: $950/month
Unit Size
1,356 Ft²
Days on Market
164 days
Land Size
-
Price per sqft
$353
Property Type
Condo
Property Taxes
$403
HOA Dues
-
Year Built
-
Listed By
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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: 6 months ago (ECAR #1001147)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2026 | Listed by Knight Gardner LLC | $479,000 | |
| Listed by Knight Gardner LLC | |||
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
Parking Details
Has Carport
Parking Features: Covered, See Remarks
Interior Details
Full Bathrooms: 2
Rooms: 4
Exterior Details
Has Property Attached
Square Footage: 1356
Property Condition: Construction Complete
Architectural Style: N/A
Year Built: 1982
Waterfront Features: Unit Waterfront, Canal, Gulf, Harbor
Building Area Total: 1356
Pool Features: Pool Type
Pool is Private
Lot Size Units: Acres
Financial Details
Tax Annual Amount: $4,831
Utilities Details
Cooling Type: Central Air
Sewer : Community Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Security, Water, Trash, Ground Keeping, Recreational Faclty
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/08/2025
|
2 Bed
|
2 Bath
|
1400 ft²
|
$625,000
2 Bed
2 Bath
1400 ft²
|
$615,000
-1.60%
03/11/2025
|
Crystal Newborn
The Ketchersid Group LLC
| |
|
12/14/2023
|
2 Bed
|
1 Bath
|
-
|
$399,000
2 Bed
1 Bath
|
$365,000
-8.52%
04/17/2024
|
Rachael A Earley
Somers & Company
| |
|
09/04/2022
|
2 Bed
|
1 Bath
|
900 ft²
|
$495,000
2 Bed
1 Bath
900 ft²
|
-
-
|
John Paul Somers
Somers & Company
| |
|
03/19/2022
|
2 Bed
|
2 Bath
|
1356 ft²
|
$695,000
2 Bed
2 Bath
1356 ft²
|
-
-
|
Jake Maurer
EXP Realty LLC
| |
|
12/11/2020
|
2 Bed
|
2 Bath
|
1405 ft²
|
$399,000
2 Bed
2 Bath
1405 ft²
|
$390,000
-2.26%
05/03/2021
|
Corraine D Stichnoth
| |
|
08/18/2019
|
2 Bed
|
1 Bath
|
900 ft²
|
$284,500
2 Bed
1 Bath
900 ft²
|
-
-
|
-
| |
|
08/25/2019
|
2 Bed
|
2 Bath
|
1035 ft²
|
$379,900
2 Bed
2 Bath
1035 ft²
|
-
-
|
-
| |
|
05/06/2015
|
2 Bed
|
2 Bath
|
1400 ft²
|
$398,000
2 Bed
2 Bath
1400 ft²
|
$380,000
-4.52%
07/24/2015
|
Hal Crane
Ocean Reef Realty Inc
| |
|
02/21/2015
|
3 Bed
|
2 Bath
|
1535 ft²
|
$299,000
3 Bed
2 Bath
1535 ft²
|
$275,000
-8.03%
06/08/2015
|
Hal Crane
Ocean Reef Realty Inc
| |
|
02/17/2015
|
2 Bed
|
2 Bath
|
1035 ft²
|
$319,000
2 Bed
2 Bath
1035 ft²
|
$300,000
-5.96%
08/10/2016
|
Howard Dolgoff
Emerald Coast Properties Inc
| |
|
07/10/2013
|
2 Bed
|
2 Bath
|
1035 ft²
|
$209,900
2 Bed
2 Bath
1035 ft²
|
$210,000
+0.05%
09/16/2013
|
The Kelly Group Team
Keller Williams Realty Destin
| |
|
06/17/2013
|
2 Bed
|
1 Bath
|
962 ft²
|
$215,000
2 Bed
1 Bath
962 ft²
|
$189,000
-12.09%
10/17/2013
|
Jim Skinner
Coldwell Banker Realty
|
Building Info
About Destin
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Listed by: Lindsey T Parker, Knight Gardner LLC
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1001147
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1001147
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