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Destin 32541 Crystal Beach
3472 Scenic Hwy 98
$1,900,000
● House - Off Market

3472 Scenic Hwy 98

Destin, FL 32541
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,290 Ft²
$4,101,668
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

REDUCED for immediate sale! Amazing Luxury Beach Front Residence with plenty of upgrades including a HUGE deck with a sunken hot tub and panoramic views of the quiet, peaceful, white sandy beaches of Destin. This Beach House is immaculately maintained & decorated. Newly painted exterior and interior done in 2013. The Gulf side of home has new impact windows. You enter the home to a lovely court yard with fountain. The lot continues to the water and is one of few privately owned beaches. The kitchen is modern with gas cook top and desk area. Appliances are stainless & new. The air/heat units new this year. The two garages are extra large and deep. Residents may enjoy the community pool, fitness center, and playground. Partial year rental income over $122,000.High end furniture negotiable with full offer.
Unit Size
2,290 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$1,000
Property Type
House
Property Taxes
$1,501
HOA Dues
$2,000
Year Built
2017

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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 #719575)

Price History

Date / Event Date Event Price
Jun 5, 2015 Sold
Premium
Sold
Dec 9, 2014 Listed by Keller Williams Realty Destin $2,290,000
Listed by Keller Williams Realty Destin
Jul 9, 2004 Sold
Premium
Sold

Property Highlights

Elevator
Garage

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 18
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 832
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,166
  • Lot Size Frontage Feet: 560
  • Total Building Area: 7,189
  • Gross Building Area: 7,189
  • Building Area: 5,350
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,350
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DESTINY SHORES S/D
  • Land Acres: 0000000279
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: DESTINY SHORES S/D LOT 8

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023303

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0080-0000-0080
  • Lot: 8
  • Municipality: DESTIN
  • Latitude: 30.381
  • Longitude: -86.4129

    Address

  • Full Address: 3472 Scenic Highway 98
  • Address - House Number: 3472
  • Address - Street Name: Scenic Highway 98
  • State: FL
  • City Name: Destin
  • Carrier Code: C018
  • 4-Digit Zip Code: 4725
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 6,110
  • Tax Year: 2023
  • Tax Amount: $4,290,409
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.4674
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 6
  • Final Value: 3,938,584
  • High Value: 5,779,724
  • Low Value: 2,097,443

    Market Valuation

  • Market Total Value: $4,038,570
  • Market Land Value: $1,632,582
  • Market Improvement Value: $2,405,988

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,038,570
  • Assessed Land Value: $1,632,582
  • Assessed Improvements Value: $2,405,988

    Sales

  • Current Sale Contract Date: May 29, 2015
  • Current Sale Recording Date: Jun 05, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3001273
  • Previous Sale Recording Date: Jul 09, 2004
  • Previous Sale Contract Date: Jul 07, 2004
  • Previous Sale Amount: $2,425,000
  • 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 Crystal Beach

Stats & Trends

Median Asking:

$1,325,000

Sale Price/ft²

$655

Below Asking

0.02%

Average Days on Market

128

Average Home Size

2363 ft²

Average Home Age

28 years

Currently For Sale

57 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: S Maria Druin, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 719575
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 3472 Scenic Highway 98 built and last sold?
The property at 3472 Scenic Highway 98 was built in 2017 and last sold on May 29, 2015 for $1,900,000.
How much is this home worth?
The estimated value of the home located at 3472 Scenic Highway 98 is $2,246,350.
What are some comparable homes to 3472 Scenic Highway 98?
There are currently no comparable homes to 3472 Scenic Highway 98.
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