$365,000
●
Condo -
Off Market
197 Durango Road #3D
Destin, FL 32541
2 Beds
1 Bath
$2,910
Est. Monthly
$950
HOA / Fees
3.48%
Cap Rate
About This Property
TURNKEY! FURNISHED! NO SHORT-TERM RENTALS! This harbor-front
condominium features amazing vistas, two bedrooms, one bathroom,
900 square feet, and is located in the gated community of Sun King
on the scenic Destin Harbor of Holiday Isle. Sun King is well
maintained and has so much to offer! The amenities include, but are
not limited to, a community pool, club house, community room, an
entertainment area to gather and enjoy the fireworks, and most
importantly, a coveted private marina. The boat slips are based on
a first come-first served availability. You can enjoy boating on
the Destin Harbor without having to purchase an additional boat
slip! Not to mention, you are only a short stroll or bike ride to
the beach! If you don't feel like driving, contact the water
taxi... to transport you to the nearby restaurant, shopping, and
entertainment venues. Short-term rentals are not permitted at this
subject property. Please call to coordinate your showing today!
Unit Size
-
Days on Market
125 days
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
-
HOA Dues
$950
Year Built
-
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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 #938347)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2024 | Sold | ||
| Sold | |||
| Dec 14, 2023 | Listed by Somers & Company | $399,000 | |
| Listed by Somers & Company | |||
| Jan 25, 2023 | No longer available | - | |
| No longer available | |||
| Jan 19, 2023 | Price Decreased |
$399,000
↓ $51K
(11.3%) | |
| Price Decreased | |||
| Oct 19, 2022 | Price Decreased |
$450,000
↓ $45K
(9.1%) | |
| Price Decreased | |||
Show More
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
Interior Details
Full Bathrooms: 1
Interior Features: Washer/Dryer Hookup
Appliances: Dishwasher, Refrigerator, Stove/Oven Electric
Rooms: 5
Exterior Details
Property Condition: Construction Complete
Architectural Style: N/A
Year Built: 1984
Waterfront Features: Canal, Harbor
Building Area Total: 900
Window Features: Window Treatmnt Some
Pool Features: Pool Type
Lot Size Units: Acres
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Sewer, Trash, Ground Keeping, Recreational Faclty
HOA Fee Frequency: Monthly
Condo/Coop Fee: $950
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: John Paul Somers, Somers & Company
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 938347
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 938347
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