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209 E Grand Key Loop
About This Property
Situated within the gated Villages of Crystal Beach community, the three-story residence provides 2,769 square feet of thoughtfully designed living space with two primary suites, two separate living areas and multiple covered balconies. The flexible layout gives owners and guests room to gather while still providing privacy across all three levels.
The main level features an open living and dining area, a fully equipped kitchen, a guest bedroom and a full bathroom. Upstairs, the spacious primary suite provides a private retreat, while the third floor offers additional bedrooms, another full bathroom and a second living area with a wet bar--ideal for movie nights, games or additional guest space. An owner's closet provides convenient storage between stays.
Sold fully furnished and ready for immediate enjoyment, the home is well positioned for use as a vacation rental, second home or personal beach retreat. Short-term rentals are allowed, offering buyers the opportunity to generate income while retaining the flexibility to enjoy the property themselves.
Villages of Crystal Beach is known for one of Destin's most impressive lagoon-style pools, complete with waterfalls, a hot tub, seasonal heating and a spacious poolside gathering area. Seasonal transportation provides convenient access to the beach, while Destin Commons, shopping, dining, entertainment and the sugar-white sands of the Emerald Coast are all nearby.
With five bedrooms, two living spaces, resort-style amenities and a prime Crystal Beach location, this property delivers the features vacationing groups consistently seek--and the flexibility today's Destin investors value.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017