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Destin 32541 Destin Harbor
327 Summit Drive
$325,000
● House - Off Market

327 Summit Drive

Destin, FL 32541
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,279 Ft²
$615,711
RealtyHop Estimate
75.92%
Since Mar 1, 2016
National-US
Primary Model

About This Property

Atop the HIGHEST POINT IN DESTIN sits this spacious 3 story home, built, meticulously maintained & occupied by its original owners. With the most amazing views of Destin, the Gulf of Mexico & the Choctawhatchee Bay, you have 360 degree vantage point. Built strong - EXCEEDING CODE REQUIREMENTS to withstand anything mother nature can throw at it with 6 inch walls, metal roof, extra deep pilings- reinforced with rebar, this home will keep your family safe. Recently painted exterior, New Hot Water Heater, New HVAC in 3/2015, new dishwasher, new Gas Jenaire Convection Range in 2014 - This house is in MOVE IN READY CONDITION! Sit on the lanai's and watch the Thunder Birds/F16's train & the fireworks from FWB Landing, Destin's East Pass, Niceville & even PCB! Don't miss this treasure!
Unit Size
2,279 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$154
Property Type
House
Property Taxes
$145
HOA Dues
-
Year Built
1995

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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 #736729)

Price History

Date / Event Date Event Price
Feb 29, 2016 Sold
Premium
Sold
Aug 22, 2015 Listed by The Lisa Snuggs Real Estate Group $350,000
Listed by The Lisa Snuggs Real Estate Group

Property Highlights

Air Conditioning
Fireplace
Parking Available
With View

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 250
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 636
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 58
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,599
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,675
  • Gross Building Area: 3,675
  • Building Area: 2,279
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,279
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEACONVIEW
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: BEACONVIEW LOT 14

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023307

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-4400-0000-0140
  • Lot: 14
  • Municipality: DESTIN
  • Latitude: 30.3965
  • Longitude: -86.5015

    Address

  • Full Address: 327 Summit Dr
  • Address - House Number: 327
  • Address - Street Name: Summit
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C007
  • 4-Digit Zip Code: 2330
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,690
  • Tax Year: 2023
  • Tax Amount: $217,221
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 622,416
  • High Value: 744,142
  • Low Value: 500,689

    Market Valuation

  • Market Total Value: $459,057
  • Market Land Value: $111,189
  • Market Improvement Value: $347,868

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $230,370

    Exemptions

  • Veteran Exemption: Yes
  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 26, 2016
  • Current Sale Recording Date: Feb 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3050919
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 Destin Harbor

Stats & Trends

Median Asking:

$62,500

Sale Price/ft²

$38

Below Asking

0.02%

Average Days on Market

45

Average Home Size

1950 ft²

Average Home Age

23 years

Currently For Sale

86 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

Rentals Near You

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ECAR

Listed by: Lisa R Snuggs, The Lisa Snuggs Real Estate Group
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 736729
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 327 Summit Drive built and last sold?
The property at 327 Summit Drive was built in 1995 and last sold on Feb 26, 2016 for $325,000.
How much is this home worth?
The estimated value of the home located at 327 Summit Drive is $0.
What are some comparable homes to 327 Summit Drive?
There are currently no comparable homes to 327 Summit Drive.
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