$640,000
●
House -
Off Market
40 Terra Cotta Way
Destin, FL 32541
4 Beds
4 Baths
3,096 Ft²
$1,262,760
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model
About This Property
Buyer Walked. Don't miss out on this incredible resort home. Best
Ocean Views in Subdivision. This hand painted villa has fabulous
rental income. Open floor plan offers great place for families to
relax and unwind together. Around 1100 sq ft of balcony space.
Crown moldings accentuate 10' ceilings. Master bath includes
separate walk-in shower and Jacuzzi tub. Screened in porches and
balconies off every bedroom. First floor has in-law suite with its
own kitchen and full bath. The murals throughout the home make it
an exciting and attractive place for renters. Lush landscaping and
3 car brick paver driveway. Outside of home is Hard Coat Stucco.
House is very close to all Destin has to offer but it tucked away
in a quiet neighborhood. This house has been a non-smoking, pet
free getaway for owners and guests alike. Seller has grossed over
$90,000 in rental revenue already for 2013.
Unit Size
3,096 Ft²
Days on Market
-
Land Size
-
Price per sqft
$210
Property Type
House
Property Taxes
-
HOA Dues
$145
Year Built
1993
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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 #562885)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 14, 2024 | No longer available | - | |
| No longer available | |||
| Feb 28, 2024 | Listed by Keller Williams Realty- Emerald Coast | $1,950,000 | |
| Listed by Keller Williams Realty- Emerald Coast | |||
| | |||
|
Freshly updated, carpet-free, furnished & ready for immediate occupancy! SandDollars & Sunsets is a highly desired, turnkey, move in ready, income property. Featuring 6 Bedrooms & 5 Bathrooms, this emerald coast vacation home is one block from the beach & at the western edge of Miramar Beach in Destin, Florida. Recently updated with new floors, appliances and amenities, this home is truly a find! A ground floor primary suite, two laundry rooms and multiple bedrooms with on suite baths make this home very desirable. 40 Terra Cotta Way is in the sought-after neighborhood of Terra Cotta Terrace & adjacent to Destiny by The Sea. The home is footsteps from the 5.5-mile-long Scenic 98 walking and biking trail. Your private beach access is 200 feet from your door. Enjoy the sugar white san The manager has listed the unit size as 3528 square feet.
| |||
| Feb 17, 2022 | No longer available | - | |
| No longer available | |||
| Feb 16, 2022 | Listed by Keller Williams Realty Destin | $1,675,800 | |
| Listed by Keller Williams Realty Destin | |||
| | |||
|
Presenting for the first time since major renovation, 'Sand Dollars & Sunsets' is only a few steps from neighborhood beach access & the sugar white sands of the Gulf of Mexico. Featuring 6 Bedrooms, three of which may be used as primary. Balconies for each room and eastern facing elevation ensures beautiful sunrises and year-round gentle gulf breezes. Primary home? Investment property? This one is a must see. A Ground Floor lockout features the flexibility of a separately accessible living space or, open an interior door to incorporate the space into the main house. Totally renovated, carpet free & presented fully furnished, this turnkey home is ready for your beachside lifestyle or vacation rental. Scenic 98 walking path is 100 feet from your front door. Schedule your tour today! The manager has listed the unit size as 3600 square feet.
| |||
| Jul 31, 2020 | No longer available | - | |
| No longer available | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Terra Cotta Terrace
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Currently no similar homes aroundNearby Rentals
Listed by: Rachell D Chauvin, Legendary Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 562885
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 562885
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