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Destin 32541 Downtown Destin
223 Indian Oaks Drive
$222,000
● House - Off Market

223 Indian Oaks Drive

Destin, FL 32541
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
$1,318
Est. Monthly
10.34%
Cap Rate

About This Property

FHA appraised at $245,000 with no required repairs! Centrally located Destin townhome less than 3 miles to the beach, 1 mile to the new Publix, and 15 miles to Eglin AFB and Hurlburt Field. This 2 bedroom, 1.5 bathroom duplex features vaulted ceilings, a wood-burning fireplace with brick accent, lots of natural light, and an open layout. Tiled floors in the kitchen, dining, bathrooms, and guest room. New carpet in the living area and primary bedroom. Ensuite bathroom has new vanity, toilet, and shower/tub insert. Laundry in unit, washer and dryer convey. Enjoy an attached carport, 2022 roof, a fully fenced backyard with a freshly stained deck, and no HOA.
Unit Size
-
Days on Market
112 days
Land Size
0.05 acres
Price per sqft
-
Property Type
House
Property Taxes
$188
HOA Dues
-
Year Built
1980

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 years ago (ECAR #977943)

Price History

Date / Event Date Event Price
Nov 7, 2025 Sold
Premium
Sold
Oct 18, 2025 In contract -
In contract
Jul 19, 2025 Relisted $230,000
Relisted
Jun 25, 2025 In contract -
In contract
Jun 4, 2025 Listed by Scenic Real Estate $230,000
Listed by Scenic Real Estate
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 35
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 200
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,260
  • Total Building Area: 900
  • Gross Building Area: 900
  • Building Area: 700
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 700
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN OAKS S/D
  • Land Acres: 0000000052
  • Standard Land Use Code: 1001
  • County Land Use Code: 000109
  • State Land Use Code: 01
  • Legal Description 1: INDIAN OAKS S/D LOT 6 BLK B

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023307

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-4520-000B-0060
  • Block: B
  • Lot: 6
  • Municipality: DESTIN
  • Latitude: 30.3958
  • Longitude: -86.4873

    Address

  • Full Address: 223 Indian Oaks Dr
  • Address - House Number: 223
  • Address - Street Name: Indian Oaks
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C007
  • 4-Digit Zip Code: 2513
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 750
  • Tax Year: 2023
  • Tax Amount: $223,272
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.0808
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 94
  • Final Value: 284,462
  • High Value: 307,458
  • Low Value: 261,466

    Market Valuation

  • Market Total Value: $186,897
  • Market Land Value: $85,000
  • Market Improvement Value: $101,897

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $186,897
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $101,897

    Sales

  • Current Sale Contract Date: Jul 14, 2022
  • Current Sale Recording Date: Jul 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3565251
  • Previous Sale Recording Date: Aug 12, 2003
  • Previous Sale Contract Date: Aug 08, 2003
  • Previous Sale Amount: $90,000
  • 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 Downtown Destin

Stats & Trends

Median Asking:

$344,999

Sale Price/ft²

$261

Below Asking

0.04%

Average Days on Market

94

Average Home Size

1136 ft²

Average Home Age

36.2 years

Currently For Sale

36 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: James A Blanton, Scenic Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 977943
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 223 Indian Oaks Drive built and last sold?
The property at 223 Indian Oaks Drive was built in 1980 and last sold on Jul 14, 2022 for $249,900.
How much is this home worth?
The estimated value of the home located at 223 Indian Oaks Drive is $0.
What are some comparable homes to 223 Indian Oaks Drive?
There are currently no comparable homes to 223 Indian Oaks Drive.
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