206 Snapper Drive #14
About This Property
This updated 3BR/2.5BA end-unit townhome offers an ideal blend of comfort, location, and functionality-perfect as a primary residence, second home, or investment property. Centrally located just minutes from Crab Island, Joe's Bayou boat launch, Destin Harbor, beaches, parks, shopping, dining, and schools.
Inside, you'll find an open floorplan with a spacious living area and a versatile loft/flex space-ideal for a home office, playroom, or additional lounge area. Renovations in 2016 include updated flooring, cabinetry, windows, doors, paint, fixtures, and more. The kitchen provides generous counter and cabinet space, and the dining area opens to a covered patio-perfect for outdoor dining or relaxing. The yard is a standout feature with beautifully established lush zoysia grass, an irrigation system, and a privacy fence for added seclusion. Two outdoor storage sheds offer ample storage space, and the one-car attached garage adds convenience and security.
Tucked in a quiet, well-kept neighborhood with no HOA fees, this move-in ready home truly checks all the boxes for low-maintenance coastal living in the heart of Destin.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2025 | Sold | ||
| Sold | |||
| Aug 10, 2025 | In contract | - | |
| In contract | |||
| Jul 23, 2025 | Listed by HomeBiz Properties | $424,900 | |
| Listed by HomeBiz Properties | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/23/2025
|
3 Bed
|
2 Bath
|
-
|
$424,900
3 Bed
2 Bath
|
$425,000
+0.02%
09/08/2025
|
Rachel Carter
HomeBiz Properties
| |
|
03/26/2014
|
3 Bed
|
3 Bath
|
1398 ft²
|
$109,900
3 Bed
3 Bath
1398 ft²
|
$115,100
+4.73%
05/28/2014
|
The Kelly Group Team
Keller Williams Realty Destin
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017