257 Kono Way
About This Property
2 Master Suites (1 downstairs and 1 upstairs) - This is one your family, friends and vacationing guests will enjoy for a lifetime. The kitchen highlights stainless steel appliances, endless countertops, white storybook cabinetry + more! Sold Fully Furnished! The home features the coveted 'open floor concept' w/ gorgeous new decor, furniture + so much more! Enjoy spanning southern sunsets from your private deluxe-size balcony. Just steps to Destin's famous beaches, the oversized lagoon pool, steamy hot tub + more! This home is 4 bedrooms, 3 1/2 baths, with a separate loft/Bonus Room upstairs. The main master suite bedroom is on the first floor, which is a big rental feature. It features a shower, a separate bathtub and a closet.This exquisite home was crafted by Todd Stephens of Southern American Homes, combining superior craftsmanship and innovative design. The foundation is built with 3000 PSI concrete, reinforced with #5 rebar for exceptional strength and durability. The exterior is completely free of exposed wood, significantly reducing maintenance needs. The columns are made from Kleer Lumber PVC, which comes with a lifetime warranty against rotting, ensuring lasting beauty. The lap siding is a high-performance cement material, securely fastened with screws and rated to withstand winds up to 140 mph.
The balconies feature slip-resistant porcelain tile, providing both style and safety, while the semi-conditioned attic space boasts 8-foot ceilings. The balcony tiles are further protected with a durable Duradek waterproofing membrane. The home is equipped with impact-rated vinyl windows and fiberglass exterior doors, all set in waterproof pans to prevent water intrusion during wind-driven rain.
Energy efficiency is a priority, with 50% of the lighting featuring energy-saving compact fluorescent bulbs. The home is ideally located near wonderful shops, restaurants, and attractions, including golf courses, Big Kahuna's Water and Adventure Park, boating, fishing, and various water sports. A short walk to the Destin Commons shopping area offers over 75 shops and restaurants, including Starbucks, Bass Pro, theaters, and interactive water fountains. It's a perfect blend of luxury, convenience, and proximity to everything you love! Located just steps away from the fabulous lagoon zero-entry pool which features massive waterfalls, a hot tub, & lush tropical landscaping. The property is a short distance from the beach as well & near the back entrance with additional parking you can walk to the beach or there is a trolley available if you want to ride. Welcome Home!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017