$145,000
●
Condo -
Off Market
4207 Two Trees Road #2413
Destin, FL 32541
2 Beds
2 Baths
970 Ft²
$359,357
RealtyHop Estimate
131.84%
Since Feb 1, 2012
National-US
Primary Model
About This Property
IDEAL LOCATION IN THE BUILDING LAST UNIT FROM THE END AND CLOSE TO
THE ELEVATORS...GREAT VACATION RENTAL PROPERTY WITH POOL & GULF
VIEWS...BALCONIES OFF THE LIVING AREA AND MASTER SUITE OVERLOOKING
THE TROPICAL LAGOON POOL AREA AND THE GULF AT HENDERSON
PARK...FULLY FURNISHED AND RENTAL READY, GRANITE COUNTER TOPS
THROUGHOUT, BREAKFAST BAR, OPEN LIVING AND DINING AREA, LARGE
MASTER SUITE FEATURING NICE BATH WITH GARDEN TUB, AND 2ND BEDROOM
WITH TRUNDLE BED AND PRIVATE BATH...THE PALMS RESORT AND CONFERENCE
CENTER OFFERS GARAGE PARKING, TROPICAL POOL, ONSITE RESTAURANT, AND
COFFEE SHOP...
Unit Size
970 Ft²
Days on Market
-
Land Size
-
Price per sqft
$160
Property Type
Condo
Property Taxes
-
HOA Dues
$1,574
Year Built
-
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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 #567017)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 17, 2012 | Sold | ||
| Sold | |||
| Nov 2, 2011 | Listed by RE/MAX Coastal Properties | $155,000 | |
| Listed by RE/MAX Coastal Properties | |||
Property Highlights
Air Conditioning
Elevator
Parking Details
Parking Features: Guest
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Interior Features: Breakfast Bar, Floor Tile, Floor WW Carpet, Furnished - All, Washer/Dryer Hookup, Window Treatment All
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Microwave, Refrigerator W/IceMk, Stove/Oven Electric, Washer
Rooms: 5
Exterior Details
Property Condition: Construction Complete
Year Built: 2007
Construction Materials: Concrete, Foundation On Piling, Roof Metal, Steel, Stucco
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Utilities: Electric, Public Sewer, Public Water, TV Cable
Location Details
Association Fee Includes: Accounting, Advertising, Electricity, Ground Keeping, Insurance, Legal, Master Association, Security, Sewer, Telephone, Water, Cable TV, Trash
Association Fee Frequency: Quarterly
Association Fee2: $1,574
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 |
|---|---|---|---|---|---|---|---|
|
04/05/2016
|
2 Bed
|
2 Bath
|
1150 ft²
|
$209,000
2 Bed
2 Bath
1150 ft²
|
$195,000
-6.70%
10/03/2016
|
Laurie Hollowell Team
Keller Williams Realty Destin
| |
|
12/17/2012
|
2 Bed
|
2 Bath
|
970 ft²
|
$149,900
2 Bed
2 Bath
970 ft²
|
$140,000
-6.60%
01/18/2013
|
Johnathan Hughes
Century 21 AllPoints Realty
| |
|
07/06/2012
|
2 Bed
|
2 Bath
|
970 ft²
|
$149,900
2 Bed
2 Bath
970 ft²
|
$128,000
-14.61%
08/10/2012
|
Jane Araguel
RE/MAX Coastal Properties
| |
|
04/16/2012
|
3 Bed
|
2 Bath
|
1445 ft²
|
$249,000
3 Bed
2 Bath
1445 ft²
|
$240,000
-3.61%
10/04/2012
|
Clifford Milam
Paradise Property Brokers Inc
| |
|
03/08/2012
|
3 Bed
|
2 Bath
|
1445 ft²
|
$249,000
3 Bed
2 Bath
1445 ft²
|
$256,000
+2.81%
03/21/2012
|
Clifford Milam
Paradise Property Brokers Inc
| |
|
11/02/2011
|
2 Bed
|
2 Bath
|
970 ft²
|
$155,000
2 Bed
2 Bath
970 ft²
|
$145,000
-6.45%
01/17/2012
|
Ed & Terri Smith
RE/MAX Coastal Properties
|
Building Info
About Destin
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Listed by: Ed & Terri Smith, RE/MAX Coastal Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 567017
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 567017
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