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Destin 32541 Villages of Crystal Beach
201 E GRAND KEY Loop
$595,000
● House - Off Market

201 E GRAND KEY Loop

Destin, FL 32541
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,450 Ft²
$1,064,733
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Brand new construction and new innovative floor plan with peek-a-boo views of the Gulf. This new floor plan is unlike any other home in The Villages of Crystal Beach. This neighborhood is located in an X zone which means flood insurance is not required. This gated community is 2 blocks from the beautiful beach,a short walk to great shopping at Destin Commons, the movie theatre, bowling, and several great restaurants. This 5 bedroom 4 bathroom home has plenty of space to spread out, features 2 master bedrooms, and has a beautiful spiral staircase that takes you to a top level mezzanine and enclosed habitable attic area so you can take in a view of the Gulf. This home is currently under construction but will be completed for summer use or summer rental income. Built by Todd Stephens of
Unit Size
3,450 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$174
Property Type
House
Property Taxes
$95
HOA Dues
$953
Year Built
2015

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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 #734522)

Price History

Date / Event Date Event Price
Sep 2, 2015 Sold
Premium
Sold
May 18, 2015 Listed by Legendary Realty LLC $599,900
Listed by Legendary Realty LLC
Jul 3, 2013 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,150
  • Total Building Area: 3,375
  • Gross Building Area: 3,375
  • Building Area: 2,891
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,891
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGES OF CRYSTAL BEACH
  • Land Acres: 0000000026
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: VILLAGES OF CRYSTAL BEACH LOT 44

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Parcel: 00-2S-22-1125-0000-0440
  • Lot: 44
  • Municipality: DESTIN
  • Latitude: 30.3862
  • Longitude: -86.4198

    Address

  • Full Address: 201 Grand Key Loop E
  • Address - House Number: 201
  • Street Segment Direction: E
  • Address - Street Name: Grand Key
  • Address - Suffix Type: Loop
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 3525
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 3,036
  • Tax Year: 2023
  • Tax Amount: $596,805
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 1,280,249
  • High Value: 1,508,456
  • Low Value: 1,052,041

    Market Valuation

  • Market Total Value: $1,081,156
  • Market Land Value: $280,000
  • Market Improvement Value: $801,156

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $538,116

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 25, 2015
  • Current Sale Recording Date: Sep 02, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3019781
  • Previous Sale Recording Date: Jul 03, 2013
  • Previous Sale Contract Date: Jun 27, 2013
  • Previous Sale Amount: $109,100
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Villages of Crystal Beach

Stats & Trends

Median Asking:

$849,450

Sale Price/ft²

$410

Below Asking

0.05%

Average Days on Market

151

Average Home Size

2626 ft²

Average Home Age

19.2 years

Currently For Sale

11 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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ECAR

Listed by: Lindsey K Lynch, Legendary Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 734522
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 201 Grand Key Loop East built and last sold?
The property at 201 Grand Key Loop East was built in 2015 and last sold on Aug 25, 2015 for $595,000.
How much is this home worth?
The estimated value of the home located at 201 Grand Key Loop East is $605,744.
What are some comparable homes to 201 Grand Key Loop East?
There are currently no comparable homes to 201 Grand Key Loop East.
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