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Destin 32541 Destiny East
25 Tranquility Lane
$837,500
● House - Off Market

25 Tranquility Lane

Destin, FL 32541
bedrooms
3 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,500 Ft²
$2,371,675
RealtyHop Estimate
115.80%
Since Nov 1, 2012
National-US
Primary Model

About This Property

Extravagant new construction in Destiny East! Luxury at every corner. Beautiful secluded courtyard with heated salt water, gunite pool with top of the line pump & automated equipment, hot tub, fountain and outdoor kitchen. Soaring ceilings, columns, limestone & hardwood floors,exotic granite countertops, huge media room with separate kitchen, built-in bunk beds and three car garage are just some of the many wonderful features of this home. The master suite features a morning kitchen, heated floors in the master bath, his & her vanities & huge his & her walk-in closets with tons of shelving. There are two heating & air systems with humidistat control, foam insulation & low energy-impact windows.
Unit Size
4,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$244
Property Type
House
Property Taxes
-
HOA Dues
$648
Year Built
2012

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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%.

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 #585116)

Price History

Date / Event Date Event Price
Oct 22, 2012 Sold
Premium
Sold
Oct 8, 2012 Listed by Keller Williams Realty Destin $1,099,000
Listed by Keller Williams Realty Destin
Jul 21, 2011 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 713
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,789
  • Total Building Area: 5,846
  • Gross Building Area: 5,846
  • Building Area: 4,559
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,559
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DESTINY EAST PH I
  • Land Acres: 0000000225
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: DESTINY EAST PH I LOT 56

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 1
  • Parcel: 00-2S-22-0072-0000-0560
  • Lot: 56
  • Municipality: DESTIN
  • Latitude: 30.3819
  • Longitude: -86.4013

    Address

  • Full Address: 25 Tranquility Ln
  • Address - House Number: 25
  • Address - Street Name: Tranquility
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Destin
  • Carrier Code: C018
  • 4-Digit Zip Code: 4775
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 5,123
  • Tax Year: 2023
  • Tax Amount: $1,613,188
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1275
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 85
  • Final Value: 1,769,934
  • High Value: 1,995,725
  • Low Value: 1,544,143

    Market Valuation

  • Market Total Value: $1,550,537
  • Market Land Value: $299,050
  • Market Improvement Value: $1,251,487

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,550,537
  • Assessed Land Value: $299,050
  • Assessed Improvements Value: $1,251,487

    Sales

  • Current Sale Contract Date: Oct 19, 2012
  • Current Sale Recording Date: Oct 22, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2809406
  • Previous Sale Recording Date: Jul 21, 2011
  • Previous Sale Contract Date: Jul 20, 2011
  • Previous Sale Amount: $82,500
  • Previous Sale Document Type: 71
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 Destiny East

Stats & Trends

Median Asking:

$1,699,900

Sale Price/ft²

$473

Below Asking

0.01%

Average Days on Market

105

Average Home Size

3307 ft²

Average Home Age

22.7 years

Currently For Sale

18 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

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ECAR

Listed by: Laurie E Hollowell, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 585116
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 25 Tranquility Lane built and last sold?
The property at 25 Tranquility Lane was built in 2012 and last sold on Oct 19, 2012 for $837,500.
How much is this home worth?
The estimated value of the home located at 25 Tranquility Lane is $0.
What are some comparable homes to 25 Tranquility Lane?
There are currently no comparable homes to 25 Tranquility Lane.
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