44
Map
$1,999,500
↓ $151K (7%)
●
House -
For Sale
326 Summit Drive
Destin, FL 32541
7 Beds
6 Baths,
1
Half Bath
5,836 Ft²
Upcoming Open House
1PM - 7PM, Sun, Sep 27
-
Book now
$12,066
Est. Monthly
About This Property
PRICE IMPROVED! TIME BEFORE END OF YEAR GOALS! Space for all your
cars and toys while walking to restaurants, the harbor, shops, and
entertainment. This no HOA urban entertainment compound and
executive retreat is a true car and boat enthusiast dream. Offering
unheard of value as a portfolio builder, this fully renovated 5800
square foot 7 bedroom 6.5 bathroom estate features ultra fortified
ICF construction. Investors will immediately recognize the
potential for accelerated appreciation and massive cash generation,
as this is easily the best value per square foot in Destin hands
down.
Property and Lifestyle Highlights:
Massive Parking: Tandem 7 car garage plus paved driveway room for an RV or boat. Executive airport nearby for easy corporate travel.
Rooftop Oasis: A 2000 square foot rooftop lawn with artificial turf offers 360 degree views. Watch parades and all city firework shows at once from the highest point in town.
Resort Amenities: 4 entertainment balconies overlook the private saltwater pool, actively heated by custom solar panels infused directly into the glass balcony railings. Includes mature fruit trees.
Interior Luxury: High end Thermador and Miele gourmet kitchen, first floor kitchenette, wine and book library, and custom wood closets. Dual masters provide incredible layout flexibility.
Unbeatable Location: Walk directly to McGuires, HarborWalk, Crab Island access, and nightlife. Near boat launches and a quick jaunt straight to the Gulf.
Property and Lifestyle Highlights:
Massive Parking: Tandem 7 car garage plus paved driveway room for an RV or boat. Executive airport nearby for easy corporate travel.
Rooftop Oasis: A 2000 square foot rooftop lawn with artificial turf offers 360 degree views. Watch parades and all city firework shows at once from the highest point in town.
Resort Amenities: 4 entertainment balconies overlook the private saltwater pool, actively heated by custom solar panels infused directly into the glass balcony railings. Includes mature fruit trees.
Interior Luxury: High end Thermador and Miele gourmet kitchen, first floor kitchenette, wine and book library, and custom wood closets. Dual masters provide incredible layout flexibility.
Unbeatable Location: Walk directly to McGuires, HarborWalk, Crab Island access, and nightlife. Near boat launches and a quick jaunt straight to the Gulf.
Unit Size
5,836 Ft²
Days on Market
2 days
Land Size
0.23 acres
Price per sqft
$343
Property Type
House
Property Taxes
$2,248
HOA Dues
-
Year Built
2018
Listed By
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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: 19 hours ago (ECAR #1009123)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2026 | Price Decreased |
$1,999,500
↓ $151K
(7%) | |
| Price Decreased | |||
| Aug 3, 2026 | Listed by EXP Realty LLC | $2,150,000 | |
| Listed by EXP Realty LLC | |||
| Nov 4, 2025 | Listed | $2,399,000 | |
| Listed | |||
| | |||
|
Unheard-of value and luxury in this ICF-built, fully renovated 7BR/6.5BA, 6,000+ sqft Destin estate with a rooftop deck showcasing 360° Gulf, Bay & Harbor views. Built 2018, rebuilt for performance and profitability. No HOA, 7-car garage + boat/RV parking, and solar-infused glass balcony railings that heat the saltwater pool. Elevator-ready shaft (100% bonus depreciation eligible). Ideal for fishing and boating enthusiasts, walkable to Destin Harbor, Crab Island & beaches. Priced to sell—best value per sqft in Destin luxury! Exceptional $300K+ STR potential with no HOA restrictions. ICF construction = low insurance + long-term durability. Innovative solar-powered railings reduce utility costs while heating the saltwater pool, appealing to eco-minded guests. Oversized 7-car garage + paver parking for boats, trailers, and toys of nearly any size. Elevator-ready shaft = 100% bonus depreciation in year one. Incredible opportunity for 1031 investors or multigenerational buyers seeking freedom, storage, and performance. Priced to sellDestin's smartest ROI play.
| |||
| Jan 2, 2021 | No longer available | - | |
| No longer available | |||
| Jul 28, 2020 | Listed | $1,299,900 | |
| Listed | |||
| | |||
|
This house is priced 600K below appraisal. The exterior walls of this custom built home are insulated concrete forms to withstand hurricane force winds and cut down on insurance and energy costs. . Built in solar panels on all of the stainless/glass deck railings on each level of the home. 1st floor has 2 bedrooms with a Jack N' Jill Bath, and you can walk-out to the beautiful salt water pool. 2nd Floor has the Master Suite that walks out to a deck and a gigantic walk-in closet. There are also 3 other bedrooms, each with their own attached bathroom, and the laundry room area. The 3rd floor has another master suite, full bath and half bath, kitchen living and formal dining You can see the Gulf of Mexico, Destin Harbor, East Pass and Crab Island. Over 2000 sq. ft roof top deck The manager has listed the unit size as 6348 square feet.
| |||
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Property Highlights
Garage
Parking Available
With View
Parking Details
Has Garage
Attached Garage
Parking Features: Garage, Boat, Covered, Guest, Oversized, Other, Golf Cart Covered, Golf Cart Enclosed, Golf Cart Open, RV
Garage Spaces: 7
Interior Details
Half Bathrooms: 1
Full Bathrooms: 6
Interior Features: Kitchen Island, Pantry, Ceiling Raised, Ceiling Tray/Cofferd, Guest Quarters, Lighting Recessed, Lock Out, Owner's Closet, Shelving, Walls Paneled, Washer/Dryer Hookup, Woodwork Painted
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator, Gas Water Heater, Water Heater, Auto Garage Door Opn, Oven Double, Oven Self Cleaning, Smoke Detector, Stove/Oven Gas
Flooring Type: Floor Tile
Door Features: Storm Door(s)
Rooms: 10
Exterior Details
Square Footage: 5836
Security Features: Fire Alarm
Property Condition: Renovated, Construction Complete
Architectural Style: Contemporary
Year Built: 2018
Building Area Total: 5836
Other Structures: Guest Quarters
Window Features: Double Pane Windows, Solar Screens, Storm Window(s), Window Treatmnt Some
Construction Materials: Concrete, Insulated Conc Forms, Siding CmntFbrHrdBrd
Patio and Porch Features: Covered, Porch, Porch
Pool Features: Heated, Pool - In-Ground, Pool Type
Pool is Private
Lot Features: Aerials/Topo Availbl, Dead End, Survey Available
Lot Size Area: 0.23
Lot Size Units: Acres
Lot Size Acres: 0.23
Lot Size Square Feet: 10018.8
Lot Size Dimensions: 75x135
Water Source: Public
Financial Details
Tax Annual Amount: $26,973
Utilities Details
Cooling Type: Ceiling Fan(s)
Heating Type: Heat - Solar
Sewer : Public Sewer
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 Destin Harbor
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Listed by: Abbott Martin Group, EXP Realty LLC
Last Updated: 19 hours ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1009123
Last Updated: 19 hours ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1009123
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