48
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230 Kono Way
About This Property
If you've been waiting for a vacation rental that actually stands out, this is it.
Completely reimagined from top to bottom, this three-story showstopper in the Villages of Crystal Beach delivers the kind of experience guests book, rebook, and share with friends. Every detail has been elevated: new designer furnishings, updated lighting throughout, and a fully refreshed kitchen featuring new appliances that make hosting effortless.
With 6 bedrooms and 5 bathrooms (3 full, 2 half), this home was built to accommodate a crowd without sacrificing comfort. A first-floor primary suite offers convenience and privacy, while the upper levels are designed for fun, function, and flexibility. The second floor brings the wow-factor with a dedicated media, complete with an arcade game, foosball table, and wet bar. It creates a true entertainment hub that keeps guests on-site and loving every minute.
Step outside and you're two blocks from the sugar-white sands of the Emerald Coast, with easy access to everything Destin and Miramar Beach have to offer.
Located in a gated community with a stunning resort-style pool, Villages of Crystal Beach is one of the area's most sought-after vacation rental neighborhoods.
Whether you're looking to expand your portfolio or secure a high-performing second home, this property checks every box. This isn't just a beach house, it's a fully curated vacation experience.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 31, 2026 | Listed by Realty ONE Group Emerald Coast | $1,339,000 | |
| Listed by Realty ONE Group Emerald Coast | |||
| Sep 2, 2022 | Sold | ||
| Sold | |||
| Jul 11, 2022 | No longer available | - | |
| No longer available | |||
| Jun 28, 2022 | Listed by Realty ONE Group Emerald Coast | $1,399,500 | |
| Listed by Realty ONE Group Emerald Coast | |||
| Dec 10, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017