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Destin 32541
222 Tahitian Way
$303,850
● House - Off Market

222 Tahitian Way

Destin, FL 32541
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,700 Ft²
$635,207
RealtyHop Estimate
115.32%
Since Jul 1, 2012
National-US
Primary Model

About This Property

LOCATION, LOCATION, LOCATION!! You must see this Tahitian-style home in the gated community of Villages of Crystal Beach centrally located in Destin within walking distance of the beaches, shopping and dining! The home offers four full bedrooms and 3 bathrooms (sleeps nine) making it perfect for large family vacations. Upgrades include stainless steel kitchen appliances, granite countertops, crown molding, tile and pavers. Enjoy cool afternoon breezes from the covered porch. The Villages of Crystal Beach has a spa, lavish 30,000 square foot lagoon pool with waterfalls and landscaped islands in addition to offering seasonal shuttle service to the Beach and Destin Commons. 2011 gross rental income $36,627.44. Make your appointment to see this home today! Seller is a licensed real estate agent in the state of Louisana.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$174
Property Type
House
Property Taxes
-
HOA Dues
$953
Year Built
2007

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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 #569703)

Price History

Date / Event Date Event Price
Jun 14, 2022 Sold
Premium
Sold
Aug 20, 2021 Sold
Premium
Sold
Jul 6, 2021 No longer available -
No longer available
Jul 1, 2021 Listed by Keller Williams Realty Destin $725,000
Listed by Keller Williams Realty Destin
Nov 30, 2016 Sold
Premium
Sold
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • 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: 59
  • 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: 1,939
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,939
  • 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 3

Neighborhood

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

Geography

  • Parcel: 00-2S-22-1125-0000-0030
  • Lot: 3
  • Municipality: DESTIN
  • Latitude: 30.3874
  • Longitude: -86.4209

    Address

  • Full Address: 222 Tahitian Way
  • Address - House Number: 222
  • Address - Street Name: Tahitian
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 3523
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,032
  • Tax Year: 2023
  • Tax Amount: $921,539
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 955,235
  • High Value: 1,142,677
  • Low Value: 767,793

    Market Valuation

  • Market Total Value: $771,408
  • Market Land Value: $280,000
  • Market Improvement Value: $491,408

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $771,408
  • Assessed Land Value: $280,000
  • Assessed Improvements Value: $491,408

    Sales

  • Current Sale Contract Date: Jun 13, 2022
  • Current Sale Recording Date: Jun 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3557256
  • Previous Sale Recording Date: Aug 20, 2021
  • Previous Sale Contract Date: Aug 19, 2021
  • Previous Sale Amount: $725,000
  • Previous Sale Document Type: 71
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 Destin

Stats & Trends

Median Asking:

$556,450

Sale Price/ft²

$410

Below Asking

0.03%

Average Days on Market

100

Average Home Size

1732 ft²

Average Home Age

31.6 years

Currently For Sale

519 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

Rentals Near You

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ECAR

Listed by: Laurie E Hollowell, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 569703
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 222 Tahitian Way built and last sold?
The property at 222 Tahitian Way was built in 2007 and last sold on Jun 13, 2022 for $960,000.
How much is this home worth?
The estimated value of the home located at 222 Tahitian Way is $734,493.
What are some comparable homes to 222 Tahitian Way?
There are currently no comparable homes to 222 Tahitian Way.
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