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$1,000,000
↓ $99K (9%)
●
House -
For Sale
228 Kono Way
Destin, FL 32541
6 Beds
4 Baths
2,572 Ft²
$5,858
Est. Monthly
About This Property
Situated in the sought-after Villages of Crystal Beach, this
spacious vacation-rental favorite offers six bedrooms, four
bathrooms, and 2,572 square feet of coastal living. Designed for
comfort and convenience, the home features an open floor plan
perfect for hosting multiple families or groups. The well-appointed
kitchen flows seamlessly into a large dining area, and multiple
generous balconies provide the perfect spots to enjoy warm Gulf
breezes.
The first floor includes a comfortable living area, a full-sized laundry room, and a guest bedroom with an adjacent bath. The second floor hosts the owner's suite complete with a double-vanity bathroom, along with additional guest rooms-one featuring a twin-over-full bunk setup. More bedrooms on the third floor offer easy access to Balcony.
The first floor includes a comfortable living area, a full-sized laundry room, and a guest bedroom with an adjacent bath. The second floor hosts the owner's suite complete with a double-vanity bathroom, along with additional guest rooms-one featuring a twin-over-full bunk setup. More bedrooms on the third floor offer easy access to Balcony.
Unit Size
2,572 Ft²
Days on Market
316 days
Land Size
3.00 acres
Price per sqft
$389
Property Type
House
Property Taxes
$947
HOA Dues
-
Year Built
2006
Listed By
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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: 28 days ago (ECAR #989821)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2026 | Price Decreased |
$1,000,000
↓ $99K
(9%) | |
| Price Decreased | |||
| Mar 6, 2026 | Price Decreased |
$1,099,000
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Dec 4, 2025 | Price Decreased |
$1,149,000
↓ $51K
(4.3%) | |
| Price Decreased | |||
| Nov 17, 2025 | Listed by Coldwell Banker Realty | $1,200,000 | |
| Listed by Coldwell Banker Realty | |||
| Jun 6, 2018 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Details
Has Carport
Parking Features: Carport
Interior Details
Full Bathrooms: 4
Interior Features: Washer/Dryer Hookup
Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Heater, Oven Self Cleaning, Stove/Oven Electric
Flooring Type: Laminate, Floor Tile
Rooms: 11
Exterior Details
Square Footage: 2572
Property Condition: Construction Complete
Architectural Style: Beach House
Year Built: 2006
Building Area Total: 2572
Window Features: Window Treatment All
Patio and Porch Features: Patio, Porch, Porch
Pool Features: Pool Type
Lot Size Units: Acres
Lot Size Dimensions: 26x45
Water Source: Public
Financial Details
Tax Assessed Value: $1,665
Tax Annual Amount: $11,363
Utilities Details
Sewer : Public Sewer, Community Sewer
Location Details
HOA/Condo/Coop Fee Includes: Security, Trash, Ground Keeping, Management, Recreational Faclty
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Emerald Breeze Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Steven E Wrick, Coldwell Banker Realty
Last Updated: 28 days ago
Data Source: Emerald Coast MLS (ECAR), MLS# 989821
Last Updated: 28 days ago
Data Source: Emerald Coast MLS (ECAR), MLS# 989821
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