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24 Tranquility Lane
About This Property
Built in 2016 and ideally located in the gated community of Destiny East, this three-story home offers over 3,700 square feet of living space, gulf views, and resort-style amenities including a private pool with waterfall and an elevator. The home features multiple living areas, dual owner's suites on the first and third floors, and a spacious outdoor entertaining area. Designed with a reverse floor plan, the main living and kitchen areas are located on the second floor, opening to a large balcony with sparkling gulf views. The kitchen includes granite countertops,
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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%.
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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.
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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 |
|---|---|---|---|
| May 9, 2026 | Listed by Dream Destin Realty PLLC | $2,675,011 | |
| Listed by Dream Destin Realty PLLC | |||
| Jul 16, 2025 | Price Decreased |
$2,471,100
↓ $204K
(7.6%) | |
| Price Decreased | |||
| Feb 15, 2025 | Listed | $2,675,011 | |
| Listed | |||
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Price Improvement! This stunning five-bedroom, five-and-a-half-bath beach retreat just received a price reduction and features two brand-new AC units. It is one of only five homes in Destiny East with deeded beach access.
Built in 2016 and ideally located in the gated community of Destiny East, this three-story home offers over 3,700 square feet of living space, gulf views, and resort-style amenities including a private pool with waterfall and an elevator. The home features multiple living areas, dual owner's suites on the first and third floors, and a spacious outdoor entertaining area. Designed with a reverse floor plan, the main living and kitchen areas are located on the second floor, opening to a large balcony with sparkling gulf views. The kitchen includes granite countertops, a large island, walk-in pantry, and hardwood floors throughout.
The first floor offers easy access to the covered patio, pool deck, gas grill, and includes a bunk room and two-car garage. The third floor includes a cozy reading nook, additional living area, and a covered balcony with more gulf views.
Updated coastal furnishings complete this turnkey property. As part of Destiny East, homeowners enjoy top-tier amenities including two community pools, hot tub, fitness center, movie theater, tennis and basketball courts, BBQ area, walking trails, playgrounds, and convenient access to both Scenic Highway 98 and Emerald Coast Parkway.
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| May 24, 2023 | Sold | ||
| Sold | |||
| Dec 20, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017