$275,000
●
Condo -
Off Market
197 Durango Road #UNIT5C
Destin, FL 32541
3 Beds
2 Baths
1,535 Ft²
$532,323
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model
About This Property
This (3) bedroom Sun King Tower 5th floor condo has breath taking
views of the Harbor, Destin Pass, & the Gulf of Mexico from every
window & both balconies. Smaller complex for privacy and offers a
great pool and Yacht Club facility for entertaining. Also features
a large marina with slips assigned by the Dock Master after closing
based on vessel size and upon availability. This unit is currently
owned by the HOA and being offered ''As Is.'' Unit needs a remodel
so all reasonable offers are being encouraged. Don't miss this
opportunity to acquire a large unit in a harbor front condo and
finish it to your own taste. The entire complex was totally updated
in 2007 with all new doors/windows,stucco siding, railings, roofs,
mezzanines & lobbies. Call us today to schedule your viewing.
Unit Size
1,535 Ft²
Days on Market
-
Land Size
-
Price per sqft
$195
Property Type
Condo
Property Taxes
$333
HOA Dues
$475
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 MLS #723825)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 8, 2015 | Sold | ||
| Sold | |||
| Feb 21, 2015 | Listed by Ocean Reef Realty Inc | $299,000 | |
| Listed by Ocean Reef Realty Inc | |||
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
Interior Details
Bedrooms: 3
Full Bathrooms: 2
Rooms: 7
Exterior Details
Property Condition: Construction Complete
Year Built: 1984
Window Features: Storm Window(s)
Construction Materials: Roof Membrane, Stucco
Financial Details
Tax Year: 2014
Tax Annual Amount: $3,994
Utilities Details
Cooling Type: Central Air
Utilities: Public Sewer, Public Water, TV Cable
Location Details
Association Fee Includes: Accounting, Ground Keeping, Insurance, Management, Recreational Faclty, Sewer, Water, Cable TV, Trash
Association Fee Frequency: Monthly
Association Fee2: $475
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
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Hal Crane, Ocean Reef Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 723825
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 723825
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