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Okaloosa 32541 Calusa Bay
216 Calusa Boulevard
$540,000
● House - Off Market

216 Calusa Boulevard

Destin, FL 32541
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,565 Ft²
$3,303
Est. Monthly
$230
HOA / Fees
3.10%
Cap Rate

About This Property

Mediterranean-inspired home on Regatta Bay's 5th fairway in gated Calusa Bay. Real stucco, tile roof, and stylish coastal finishes. Open layout with updated kitchen, sleek countertops, stainless appliances, and designer backsplash. Main-level primary suite opens to screened porch with golf views. Two bedrooms upstairs, one with a private balcony. 2024/2025 updates: impact-resistant sliders (x3), new front door, and full landscaping. Since 2020: flooring, paint, interior door hardware, kitchen remodel, half bath, lighting, and more. Community pool is just steps away-right across the street! Close to Destin Commons, Whole Foods, schools, golf, and marina.
Unit Size
1,565 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$358
Property Type
House
Property Taxes
$323
HOA Dues
$230
Year Built
1999

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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 #973272)

Price History

Date / Event Date Event Price
Apr 22, 2025 Sold
Premium
Sold
Apr 11, 2025 In contract -
In contract
Apr 7, 2025 Listed by Real Estate Professionals of Destin Inc $560,000
Listed by Real Estate Professionals of Destin Inc
Sep 28, 2016 Sold
Premium
Sold
Dec 22, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,954
  • Total Building Area: 2,259
  • Gross Building Area: 2,259
  • Building Area: 1,565
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,565
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CALUSA BAY S/D
  • Land Acres: 0000000114
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CALUSA BAY S/D LOT 3 BLK A

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0068-000A-0030
  • Block: A
  • Lot: 3
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3885
  • Longitude: -86.4056

    Address

  • Full Address: 216 Calusa Blvd
  • Address - House Number: 216
  • Address - Street Name: Calusa
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Destin
  • Carrier Code: C028
  • 4-Digit Zip Code: 3708
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,813
  • Tax Year: 2023
  • Tax Amount: $378,443
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 627,714
  • High Value: 750,477
  • Low Value: 504,951

    Market Valuation

  • Market Total Value: $466,418
  • Market Land Value: $151,800
  • Market Improvement Value: $314,618

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $393,126

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 27, 2016
  • Current Sale Recording Date: Sep 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3092638
  • Previous Sale Recording Date: Dec 22, 2015
  • Previous Sale Contract Date: Dec 11, 2015
  • Previous Sale Amount: $91,662
  • Previous Sale Document Type: 55
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 Calusa Bay

Stats & Trends

Median Asking:

$648,950

Sale Price/ft²

$280

Above Asking

0.00%

Average Days on Market

60

Average Home Size

2264 ft²

Average Home Age

9.5 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

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ECAR

Listed by: Calvina L Cutrell, Real Estate Professionals of Destin Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 973272
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 216 Calusa Boulevard built and last sold?
The property at 216 Calusa Boulevard was built in 1999 and last sold on Sep 27, 2016 for $310,000.
How much is this home worth?
The estimated value of the home located at 216 Calusa Boulevard is $0.
What are some comparable homes to 216 Calusa Boulevard?
There are currently no comparable homes to 216 Calusa Boulevard.
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