For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Destin 32541 Villages of Crystal Beach
224 Grand Key Loop
$454,500
● House - Off Market

224 Grand Key Loop

Destin, FL 32541
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,600 Ft²
$883,215
RealtyHop Estimate
94.33%
Since Feb 1, 2014
National-US
Primary Model

About This Property

REO/foreclosure. Great location. Located in the heart of Destin, close to restaurants, shopping and entertainment. Good rental community! House is located across from a lagoon style community pool in a gated community. Complimentary shuttle to take you to the beach during peak seasons. Seller will not entertain offers until the property has been on the market for 5 days.
Unit Size
2,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$175
Property Type
House
Property Taxes
-
HOA Dues
$953
Year Built
2007

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #609340)

Price History

Date / Event Date Event Price
Mar 6, 2023 Sold
Premium
Sold
Jan 16, 2014 Sold
Premium
Sold
Dec 5, 2013 Listed by The Premier Property Group Seacrest Office $454,500
Listed by The Premier Property Group Seacrest Office
Sep 20, 2013 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 300
  • 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: 3,050
  • Gross Building Area: 3,050
  • Building Area: 2,600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,600
  • 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 30

Neighborhood

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

Geography

  • Parcel: 00-2S-22-1125-0000-0300
  • Lot: 30
  • Municipality: DESTIN
  • Latitude: 30.3874
  • Longitude: -86.4202

    Address

  • Full Address: 224 Grand Key Loop W
  • Address - House Number: 224
  • Street Segment Direction: W
  • Address - Street Name: Grand Key
  • Address - Suffix Type: Loop
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 3524
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,735
  • Tax Year: 2023
  • Tax Amount: $984,582
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 1,193,330
  • High Value: 1,427,493
  • Low Value: 959,167

    Market Valuation

  • Market Total Value: $1,099,103
  • Market Land Value: $280,000
  • Market Improvement Value: $819,103

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,099,103
  • Assessed Land Value: $280,000
  • Assessed Improvements Value: $819,103

    Sales

  • Current Sale Contract Date: Mar 02, 2023
  • Current Sale Recording Date: Mar 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3609599
  • Previous Sale Recording Date: Jan 16, 2014
  • Previous Sale Contract Date: Jan 10, 2014
  • Previous Sale Amount: $454,500
  • Previous Sale Document Type: 68
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 Villages of Crystal Beach

Stats & Trends

Median Asking:

$824,500

Sale Price/ft²

$410

Below Asking

0.05%

Average Days on Market

141

Average Home Size

2502 ft²

Average Home Age

18.3 years

Currently For Sale

16 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

Currently no nearby rentals
ECAR

Listed by: Barbara S Schott, The Premier Property Group Seacrest Office
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 609340
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 224 Grand Key Loop West built and last sold?
The property at 224 Grand Key Loop West was built in 2007 and last sold on Mar 2, 2023 for $1,340,000.
How much is this home worth?
The estimated value of the home located at 224 Grand Key Loop West is $459,786.
What are some comparable homes to 224 Grand Key Loop West?
There are currently no comparable homes to 224 Grand Key Loop West.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Destin Homes for Sale
Destin Houses for Sale
Destin Condos for Sale
Destin Townhouses for Sale
Destin Land for Sale
Destin Homes with Basements
Destin Homes with Pools
Destin Homes with Parking
Nearby Cities
Miramar Beach Homes for Sale
Wright Homes for Sale
Fort Walton Beach Homes for Sale
Lake Lorraine Homes for Sale
Ocean City Homes for Sale
Cinco Bayou Homes for Sale
Shalimar Homes for Sale
Nearby Property Records
Okaloosa County, FL Property Records
Walton County, FL Property Records
Santa Rosa County, FL Property Records
Washington County, FL Property Records
Bay County, FL Property Records
Holmes County, FL Property Records
Escambia County, FL Property Records
Covington County, AL Property Records
Neighborhoods
Santa Rosa Island Real Estate
Downtown Destin Real Estate
Crystal Beach Real Estate
Port Dixie Real Estate
Destin Harbor Real Estate
Seabreeze Real Estate
Northwest Real Estate
Oakland Real Estate
Nearby Counties
Fort Walton Beach Homes for Sale
Top Real Estate Agents
Top Agents in Villages of Crystal Beach
Top Agents in Destin
Top Agents in Fort Walton Beach
Top Agents in 32541
Top Agents in Miramar Beach
Top Agents in 32550
Top Agents in 32548
Top Agents in Wright