42
Map
$745,000
●
House -
For Sale
235 Kono Way
Destin, FL 32541
4 Beds
3 Baths,
1
Half Bath
1,950 Ft²
$4,283
Est. Monthly
About This Property
VALUE-ADD OPPORTUNITY IN THE VILLAGES OF CRYSTAL BEACH! This
spacious 4-bedroom, 3.5-bath beach home is being offered fully
furnished and presents an excellent opportunity for an investor,
vacation-home buyer, or someone ready to make it their own. The
home is in need of updating and improvements, and the asking price
reflects its current condition. With approximately 1,950 square
feet, two primary suites and two separate living areas, the floor
plan offers plenty of flexibility for families and vacation rental
guests. Located just minutes from Destin's beautiful white-sand
beaches, the gated Villages of Crystal Beach is a popular vacation
rental community featuring complimentary seasonal trolley service
to the beach and an impressive 30,000-square-foot tropical
lagoon-style pool with waterfalls, hot tub, tiki bar and more. For
the buyer with vision, this is an opportunity to renovate, refresh
and create a standout Destin vacation property at an attractive
entry point into the community. Seller is motivated and will
consider reasonable offers.
Unit Size
1,950 Ft²
Days on Market
24 days
Land Size
0.03 acres
Price per sqft
$382
Property Type
House
Property Taxes
$624
HOA Dues
-
Year Built
2006
Listed By
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: 24 days ago (ECAR #1011335)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 4, 2026 | Listed by One Beach Real Estate | $745,000 | |
| Listed by One Beach Real Estate | |||
| Sep 15, 2025 | Listed | $875,000 | |
| Listed | |||
| | |||
|
Welcome to your dream coastal getaway in the Villages of Crystal Beach! This beautiful 4-bedroom, 3.5-bathroom home is being sold fully furnished and offers the perfect combination of luxury, comfort, and investment potential. Featuring two spacious primary suites and two inviting living areas, this property is ideal for families, groups, or vacation rental guests seeking both privacy and togetherness. Located just minutes from Destin's famous sugar-white sands, residents and guests will love the trolley service to the beach and the community's incredible amenities. The highlight is the 30,000-square-foot tropical lagoon-style pool, complete with waterfalls, a hot tub, surround-sound music, and a Tiki Bar, the perfect spot to unwind after a day in the sun. This home checks all the boxes!
| |||
| Dec 30, 2016 | Sold | ||
| Sold | |||
| Jul 28, 2016 | Listed by One Beach Real Estate | $415,000 | |
| Listed by One Beach Real Estate | |||
| Dec 7, 2012 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Breakfast Bar, Pantry, Ceiling Raised, Handicap Provisions, Lighting Recessed, Lock Out, Owner's Closet, Shelving, Split Bedroom, Washer/Dryer Hookup, Woodwork Painted
Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Heater, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric
Flooring Type: Floor Tile
Rooms: 11
Exterior Details
Square Footage: 1950
Property Condition: Construction Complete
Architectural Style: Beach House
Year Built: 2006
Building Area Total: 1950
Window Features: Double Pane Windows, Window Treatment All
Construction Materials: Frame, Stucco, Roof Pitched
Patio and Porch Features: Porch
Pool Features: Pool Type
Lot Features: Covenants, Curb & Gutter, Interior, Restrictions, Storm Sewer, Within 1/2 Mile to Water
Lot Size Area: 0.03
Lot Size Units: Acres
Lot Size Acres: 0.03
Lot Size Square Feet: 1306.8
Lot Size Dimensions: 25' x 45'
Financial Details
Tax Assessed Value: $1,665
Tax Annual Amount: $7,493
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Security, Trash, Accounting, Ground Keeping, Licenses/Permits, Management, Master Association, Recreational Faclty, Repairs/Maintenance
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Villages of Crystal Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Cheryl A St Pe, One Beach Real Estate
Last Updated: 24 days ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1011335
Last Updated: 24 days ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1011335
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017