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Destin 32541 Villages of Crystal Beach
256 Kono Way
$440,000
● House - Off Market

256 Kono Way

Destin, FL 32541
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,600 Ft²
$783,246
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

New Price! Excellent REO opportunity in The Villages of Crystal Beach! Enjoy the fabulous pool area in this gated community just minutes from the beaches of the Gulf and all the shopping, restaurants and entertainment that Destin has to offer! Perfect property for year round, 2nd home or vacation rental. Six (6) bedrooms, 3.5 baths, single family house with main level master. Travertine floor in main level great room, kitchen and powder room. Brand new carpet and paint throughout. 2nd floor has large f 2nd floor has large family room; balcony; 2 additional bedrooms and Full bath. Third Floor has 3 bedrooms with balcony access from the front two. Full Bath on 3rd Floor as well.  Dual zoned heating and air conditioning.
Unit Size
2,600 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$179
Property Type
House
Property Taxes
$374
HOA Dues
$317
Year Built
2006

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Cap Rate Calculator

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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: 2 years ago (ECAR MLS #739332)

Price History

Date / Event Date Event Price
Mar 29, 2018 Sold
Premium
Sold
Jul 31, 2017 Listed by Alta Realty Company LLC $570,000
Listed by Alta Realty Company LLC
Nov 22, 2016 Sold
Premium
Sold
Oct 1, 2015 Listed by Alta Realty Company LLC $464,900
Listed by Alta Realty Company LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 4
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,150
  • Total Building Area: 3,050
  • Gross Building Area: 3,050
  • Building Area: 2,600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,600
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGES OF CRYSTAL BEACH
  • Land Acres: 0000000026
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: VILLAGES OF CRYSTAL BEACH LOT 110

Neighborhood

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

Geography

  • Parcel: 00-2S-22-1125-0000-1100
  • Lot: 110
  • Municipality: DESTIN
  • Latitude: 30.3879
  • Longitude: -86.4196

    Address

  • Full Address: 256 Kono Way
  • Address - House Number: 256
  • Address - Street Name: Kono
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 3526
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,735
  • Tax Year: 2023
  • Tax Amount: $881,898
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 1,066,476
  • High Value: 1,275,746
  • Low Value: 857,205

    Market Valuation

  • Market Total Value: $916,788
  • Market Land Value: $280,000
  • Market Improvement Value: $636,788

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $916,788
  • Assessed Land Value: $280,000
  • Assessed Improvements Value: $636,788

    Sales

  • Current Sale Contract Date: Mar 26, 2018
  • Current Sale Recording Date: Mar 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3197436
  • Previous Sale Recording Date: Nov 22, 2016
  • Previous Sale Contract Date: Nov 16, 2016
  • Previous Sale Amount: $440,000
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: ADJ
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 Villages of Crystal Beach

Stats & Trends

Median Asking:

$849,450

Sale Price/ft²

$410

Below Asking

0.05%

Average Days on Market

151

Average Home Size

2626 ft²

Average Home Age

19.2 years

Currently For Sale

11 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

Currently no nearby rentals
ECAR

Listed by: Janice A Schaefer, Alta Realty Company LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 739332
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 256 Kono Way built and last sold?
The property at 256 Kono Way was built in 2006 and last sold on Mar 26, 2018 for $500,000.
How much is this home worth?
The estimated value of the home located at 256 Kono Way is $1,062,303.
What are some comparable homes to 256 Kono Way?
There are currently no comparable homes to 256 Kono Way.
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