Check Availability
$859,000
↓ $20K (2.3%)
● House - For Sale

202 Kono Way

Destin, FL 32541
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,040 Ft²
$5,057
Est. Monthly

About This Property

Turnkey Vacation Rental Gem - Steps from the Beach!
Welcome to your next income-generating paradise! This beautifully furnished 4-bedroom, 3.5-bath retreat is located in the exclusive gated resort-style community of The Villages of Crystal Beach, just 2 blocks from the Gulf.
Thoughtfully designed to sleep up to 12 guests, this home boasts:
-Two luxurious King ensuite bedrooms for ultimate comfort
-A fully stocked gourmet kitchen with stainless steel appliances and granite countertops
-A fun-filled gaming loft with arcade games and a flat-screen TV
-A second-floor balcony perfect for morning coffee or evening cocktails
-Overflow parking lot directly across the street-a major plus for vacationers
-Heated resort-style community pool and spa
-HOA-provide trolley service to and from t he beach

This is a true turnkey short-term rental machine with a proven track recordover $90,000 in revenue in 2024 alone, despite owner usage. Consistently earns 5-star reviews on both Airbnb and VRBO.
Unit Size
2,040 Ft²
Days on Market
327 days
Land Size
-
Price per sqft
$421
Property Type
House
Property Taxes
$838
HOA Dues
-
Year Built
2012

Listed By

Stephen Hachey
Lowest Fee Realty LLC

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Last updated: 5 months ago (ECAR #989419)

Price History

Date / Event Date Event Price
Jun 2, 2026 Price Decreased $859,000
↓ $20K (2.3%)
Price Decreased
May 16, 2026 Price Decreased $879,000
↓ $26K (2.9%)
Price Decreased
Nov 11, 2025 Listed by Flat Fee MLS Realty $905,000
Listed by Flat Fee MLS Realty
Aug 15, 2025 Price Decreased $905,000
↓ $44K (4.6%)
Price Decreased
Jul 31, 2025 Listed by FLAT FEE MLS REALTY $949,000
Listed by FLAT FEE MLS REALTY
Turnkey Vacation Rental Gem – Steps from the Beach! Welcome to your next income-generating paradise! This beautifully furnished 4-bedroom, 3.5-bath retreat is located in the exclusive gated resort-style community of The Villages of Crystal Beach, just 2 blocks from the Gulf. Thoughtfully designed to sleep up to 12 guests, this home boasts: -Two luxurious King ensuite bedrooms for ultimate comfort -A fully stocked gourmet kitchen with stainless steel appliances and granite countertops -A fun-filled gaming loft with arcade games and a flat-screen TV -A second-floor balcony perfect for morning coffee or evening cocktails -Overflow parking lot directly across the street—a major plus for vacationers -Heated resort-style community pool and spa -HOA-provided trolley service to and from the beach This is a true turnkey short-term rental machine with a proven track record—over $90,000 in revenue in 2024 alone, despite owner usage. Consistently earns 5-star reviews on both Airbnb and VRBO. Bonus Features: -Sold fully furnished—includes outdoor grill, kitchenware, linens, and more -Ready-to-go with vetted cleaning and maintenance vendor contacts provided -Benefit from 100 Perc. bonus depreciation—a huge tax advantage for investors Whether you're looking for a high-performing short-term rental, a second home, or a combination of both, this property delivers on all fronts. Don’t miss this rare opportunity to own a piece of paradise that pays for itself!
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Property Highlights

Air Conditioning
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Pantry
Appliances: Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Washer
Flooring Type: Floor Tile
Rooms: 12
Exterior Details
Square Footage: 2040
Property Condition: Construction Complete
Architectural Style: Other
Year Built: 2012
Building Area Total: 2040
Lot Size Units: Acres
Financial Details
Tax Assessed Value: $555
Tax Annual Amount: $10,061
Utilities Details
Cooling Type: Central Air
Heating Type: Central

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • 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: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • 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: 1,170
  • Total Building Area: 2,250
  • Gross Building Area: 2,250
  • Building Area: 2,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,040
  • 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: 0000000027
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: VILLAGES OF CRYSTAL BEACH LOT 80

Neighborhood

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

Geography

  • Parcel: 00-2S-22-1125-0000-0800
  • Lot: 80
  • Municipality: DESTIN
  • Latitude: 30.3862
  • Longitude: -86.4193

    Address

  • Full Address: 202 Kono Way
  • Address - House Number: 202
  • Address - Street Name: Kono
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 3526
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,103
  • Tax Year: 2023
  • Tax Amount: $948,067
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 994,590
  • High Value: 1,189,755
  • Low Value: 799,425

    Market Valuation

  • Market Total Value: $836,985
  • Market Land Value: $280,000
  • Market Improvement Value: $556,985

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $836,985
  • Assessed Land Value: $280,000
  • Assessed Improvements Value: $556,985

    Sales

  • Current Sale Contract Date: Oct 28, 2021
  • Current Sale Recording Date: Nov 03, 2021
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3502290
  • Previous Sale Recording Date: Nov 21, 2012
  • Previous Sale Contract Date: Nov 19, 2012
  • Previous Sale Amount: $345,700
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Villages of Crystal Beach


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Frequently Asked Questions

When was property at 202 Kono Way built and last sold?
The property at 202 Kono Way was built in 2012 and last sold on Oct 28, 2021 for $840,000.
How much is this home worth?
The estimated value of the home located at 202 Kono Way is $867,629.
What are some comparable homes to 202 Kono Way?
There are currently no comparable homes to 202 Kono Way.