$111,000
●
Condo -
Off Market
4000 DANCING CLOUD Court #23
Destin, FL 32541
2 Beds
2 Baths
1,013 Ft²
$220,982
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model
About This Property
Located on the 2nd floor with lots of privacy, this beautiful 2
bedroom unit is a must see! There are large windows throughout and
has many upgrades including paint and tile! The owners have used
this as a second home, but it would make a strong long-term rental.
It would be a great investment property! Indian Lakes features
on-site rental management, workout facility, clubhouse, and a pool.
Cox Cable service and trash is included with the HOA. The Indian
Lakes Community is located in the heart of Destin and is convenient
to shopping, dining, and a dog park. Call today before this unit
gets sold!
Unit Size
1,013 Ft²
Days on Market
-
Land Size
-
Price per sqft
$123
Property Type
Condo
Property Taxes
-
HOA Dues
$781
Year Built
1999
Payment Calculator
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Cap Rate Calculator
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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 #701575)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Nov 24, 2024 | In contract | - | |
| In contract | |||
| Oct 27, 2024 | Listed by EXP Realty LLC | $279,900 | |
| Listed by EXP Realty LLC | |||
| | |||
|
Don't miss this beautiful, fully-furnished opportunity at Indian Lake! Unit 23, aka ''Hakuna Matata'', is upgraded and ready to move. Enjoy this amazing condo, which is one of the rare locations that works as a primary residence, second home, or investment property (i.e. AirBnB or VRBO short term rental). This turn-key 2 bed, 2 bath unit conveys fully furnished and has a solid rental history to share as well. You'll love the updated furniture, fixtures, and decor throughout! Indian Lake offers a community pool, fitness center, clubhouse, playground, and even cable service with the HOA.Call today for a showing!!!
| |||
| Sep 3, 2022 | No longer available | - | |
| No longer available | |||
| Aug 14, 2022 | Relisted | $275,900 | |
| Relisted | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Guest
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Interior Features: Floor Tile, Floor WW Carpet New, Furnished - Some, Newly Painted, Owner's Closet
Appliances: Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Refrigerator, Smoke Detector, Washer
Rooms: 4
Exterior Details
Property Condition: Construction Complete
Year Built: 1999
Pool Features: Pool Type
Utilities Details
Cooling Type: Central Air
Utilities: Electric, Public Water
Location Details
Association Fee Includes: Insurance, Land Recreation, Licenses/Permits, Master Association, Security, Cable TV, Trash
Association Fee Frequency: Quarterly
Association Fee2: $781
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/04/2025
|
1 Bed
|
1 Bath
|
-
|
$179,000
1 Bed
1 Bath
|
$159,000
-11.17%
10/22/2025
|
Colin Kirkwood
Newman Dailey Resort Properties
| |
|
10/27/2024
|
2 Bed
|
2 Bath
|
1013 ft²
|
$279,900
2 Bed
2 Bath
1013 ft²
|
$273,000
-2.47%
12/20/2024
|
Matthew J Gardner
Beachfront Properties Real Estate LLC
| |
|
07/20/2024
|
1 Bed
|
1 Bath
|
743 ft²
|
$209,500
1 Bed
1 Bath
743 ft²
|
$178,000
-15.04%
02/11/2025
|
SARA DAVIS
KELLER WILLIAMS REALTY GULF COAST
| |
|
03/10/2024
|
1 Bed
|
1 Bath
|
734 ft²
|
$235,000
1 Bed
1 Bath
734 ft²
|
-
-
|
Tim Shepard
Destin Real Estate
| |
|
08/29/2023
|
1 Bed
|
1 Bath
|
743 ft²
|
$259,000
1 Bed
1 Bath
743 ft²
|
-
-
|
Shannyn P Stevenson
Newman Dailey Resort Properties
| |
|
12/24/2022
|
2 Bed
|
2 Bath
|
1013 ft²
|
$325,000
2 Bed
2 Bath
1013 ft²
|
-
-
|
Shannyn P Stevenson
Newman Dailey Resort Properties
| |
|
12/20/2022
|
1 Bed
|
1 Bath
|
734 ft²
|
$245,000
1 Bed
1 Bath
734 ft²
|
-
-
|
Destin N Lowery
Brix Realty
| |
|
05/17/2022
|
2 Bed
|
2 Bath
|
1013 ft²
|
$269,000
2 Bed
2 Bath
1013 ft²
|
$269,000
09/02/2022
|
Christopher G Lambert
Real Broker LLC
| |
|
04/20/2022
|
1 Bed
|
1 Bath
|
743 ft²
|
$200,000
1 Bed
1 Bath
743 ft²
|
$211,000
+5.50%
06/03/2022
|
Heather Sprigler
Newman Dailey Resort Properties
| |
|
03/31/2022
|
2 Bed
|
2 Bath
|
1013 ft²
|
$279,900
2 Bed
2 Bath
1013 ft²
|
-
-
|
Shannyn P Stevenson
Newman Dailey Resort Properties
| |
|
03/27/2022
|
2 Bed
|
2 Bath
|
1013 ft²
|
$309,000
2 Bed
2 Bath
1013 ft²
|
-
-
|
Patrick D Pate
Beach Haven Realty
| |
|
07/30/2021
|
2 Bed
|
2 Bath
|
1025 ft²
|
$210,000
2 Bed
2 Bath
1025 ft²
|
$210,000
11/10/2021
|
Jacqueline Luberto
Realty ONE Group Emerald Coast
| |
|
08/31/2021
|
1 Bed
|
1 Bath
|
743 ft²
|
$154,900
1 Bed
1 Bath
743 ft²
|
-
-
|
Ava C Griffith
Better Homes and Gardens Real Estate Emerald Coast
| |
|
06/07/2019
|
2 Bed
|
2 Bath
|
1013 ft²
|
$135,000
2 Bed
2 Bath
1013 ft²
|
-
-
|
-
| |
|
05/19/2019
|
2 Bed
|
2 Bath
|
1025 ft²
|
$128,000
2 Bed
2 Bath
1025 ft²
|
$128,000
06/19/2019
|
Amy M Berry
| |
|
12/21/2018
|
1 Bed
|
1 Bath
|
743 ft²
|
$123,500
1 Bed
1 Bath
743 ft²
|
-
-
|
-
| |
|
06/07/2018
|
1 Bed
|
1 Bath
|
745 ft²
|
$105,000
1 Bed
1 Bath
745 ft²
|
$105,000
06/04/2019
|
Shannyn P Stevenson
| |
|
06/07/2018
|
1 Bed
|
1 Bath
|
743 ft²
|
$119,000
1 Bed
1 Bath
743 ft²
|
$109,000
-8.40%
05/02/2019
|
Janie M McDonald
| |
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1025 ft²
|
-
2 Bed
2 Bath
1025 ft²
|
-
-
|
-
|
|
10/13/2016
|
2 Bed
|
2 Bath
|
1025 ft²
|
$117,900
2 Bed
2 Bath
1025 ft²
|
$113,000
-4.16%
03/01/2018
|
Paul Shorey
Engel & Volkers Destin
| |
|
05/14/2016
|
2 Bed
|
2 Bath
|
1013 ft²
|
$125,000
2 Bed
2 Bath
1013 ft²
|
$121,500
-2.80%
09/08/2016
|
Michaela Warner
Keller Williams Realty Destin
| |
|
05/04/2015
|
2 Bed
|
2 Bath
|
1013 ft²
|
$120,000
2 Bed
2 Bath
1013 ft²
|
$120,000
02/12/2016
|
Lisa Snuggs
Keller Williams Realty Destin
| |
|
03/21/2014
|
2 Bed
|
2 Bath
|
1013 ft²
|
$124,500
2 Bed
2 Bath
1013 ft²
|
$111,000
-10.84%
12/23/2015
|
Shannyn Stevenson
Newman Dailey Resort Properties
| |
|
06/03/2013
|
2 Bed
|
2 Bath
|
1013 ft²
|
$99,900
2 Bed
2 Bath
1013 ft²
|
$96,000
-3.90%
06/19/2013
|
Patricia Williams
REALTY ONE GROUP MVP
| |
|
05/02/2013
|
2 Bed
|
2 Bath
|
1013 ft²
|
$115,000
2 Bed
2 Bath
1013 ft²
|
$108,800
-5.39%
10/25/2013
|
Denise Dufault
Gulf Coast Realty Group FL
| |
|
06/21/2012
|
1 Bed
|
1 Bath
|
745 ft²
|
$54,900
1 Bed
1 Bath
745 ft²
|
$54,900
10/05/2012
|
Wendy Demaray
Sugar Sand Real Estate Service
| |
|
02/24/2010
|
1 Bed
|
1 Bath
|
743 ft²
|
$60,000
1 Bed
1 Bath
743 ft²
|
$50,000
-16.67%
09/07/2012
|
Alex McGraw
Southern Winds Realty LLC
|
Building Info
4000 Dancing Cloud Court
4000 Dancing Cloud Court, Destin, FL 32541
- 1 Unit for Sale
About Indian Lake
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Shannyn P Stevenson, Newman Dailey Resort Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 701575
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 701575
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