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211 E Grand Key Loop Loop
About This Property
The bedroom layout is thoughtfully arranged across all three floors, offering privacy and comfort for all guests. The primary bedroom, located on the third floor, provides a peaceful retreat with its own en-suite bath, while additional bedrooms are spread throughout, allowing everyone to find their own space to relax and unwind.
But the true gem of this community lies just steps awaythe largest resort-style lagoon pool on the Emerald Coast, offering a luxurious oasis for relaxation and recreation. And with free beach shuttle service during high seasons, accessing the sugar-white sands and crystal-clear waters of Destin is a breeze.
Surrounded by dining, shopping, and entertainment venues, and only minutes from the beach, this location offers the perfect blend of convenience and luxury. Plus, high-level community amenities and a low quarterly HOA fee make this property an exceptional investment opportunity, whether you're seeking a second home, primary residence, or vacation rental.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2026 | In contract | - | |
| In contract | |||
| Aug 6, 2026 | Price Decreased |
$875,000
↓ $50K
(5.4%) | |
| Price Decreased | |||
| Jul 22, 2026 | Price Decreased |
$925,000
↓ $75K
(7.5%) | |
| Price Decreased | |||
| May 9, 2026 | Relisted | $1,000,000 | |
| Relisted | |||
| May 4, 2026 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017