75
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223 E Grand Key Loop
About This Property
Villages of Crystal Beach is perfectly located between Destin Commons and the Gulf's sugar white sand beaches. During high season, take advantage of the free beach shuttle!
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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 |
|---|---|---|---|
| Jun 11, 2026 | Listed by EXP Realty LLC | $999,000 | |
| Listed by EXP Realty LLC | |||
| Jan 29, 2023 | Listed | $1,205,000 | |
| Listed | |||
| | |||
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Ask your agent about Seller paid credit. Poolside Paradise is NOT just a turn-key rental machine in one of Destin's premier gated communities; it is THE preferred 6-bedroom plan sleeping 16 guests, situated on the LOW TRAFFIC side and DIRECTLY across from Villages of Crystal Beach's iconic lagoon-style pool! Enjoy unobstructed views with NO street parking between and travel mere feet straight from your front porch to the pool's side entrance! Choosing this location is the easiest investment decision you'll make this year! Inside, find 3 levels of well-laid out space with NO CARPET to be found. The main level is comprised of an open concept living, dining, and kitchen area as well as a convenient half bath and the largest bedroom with an en suite bath. Moving up to the second floor, discover another well appointed living room with kitchenette (mini fridge, microwave, sink, cabinets) and access to one of two balconies. A bedroom with a king size bed, a 4-bed bunk room, shared full bath, and the laundry room round out the second level. The top floor features two bedrooms with queen size beds, each offering access to the balcony with stunning views of the pool, and another 2-bed bunk room.
Recent improvements include:
Exterior paint
Interior paint
Flooring
Upgraded furniture
All new kitchen appliances
New washer and dryer
Smart TVs
3 new HVAC units (2019)
2021 Gross Rental Income: $148,869
2022 Gross Rental Income: $124, 643
2023 Gross Rental Income: $104,526
Villages of Crystal Beach is perfectly located between Destin Commons and the Gulf's sugar white sand beaches. During high season, take advantage of the free beach shuttle!
Now's the time to make this YOUR POOLSIDE PARADISE!
| |||
| Mar 20, 2018 | Sold | ||
| Sold | |||
| Jul 31, 2017 | Listed by EXP Realty LLC | $575,000 | |
| Listed by EXP Realty LLC | |||
| Mar 3, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017