$140,000
●
Condo -
Off Market
4207 Two Trees Road #2706
Destin, FL 32541
2 Beds
2 Baths
970 Ft²
$320,815
RealtyHop Estimate
114.02%
Since Feb 1, 2013
National-US
Primary Model
About This Property
Lowest priced Condo for sale at The Palms. Originally Sold for over
$400K. This fabulous 2 bedroom 2 bath ( 1 bedroom is a bunk room
with two bunks) is completely furnished. The Palms Resort has a
11,000 SQ. FT. Lagoon Pool with waterfalls and bridges, separate
childrens pools, splash fountain, fitness center, SPA, and more.
Unit Size
970 Ft²
Days on Market
-
Land Size
-
Price per sqft
$155
Property Type
Condo
Property Taxes
-
HOA Dues
$525
Year Built
-
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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 #588269)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 18, 2013 | Sold | ||
| Sold | |||
| Dec 17, 2012 | Listed by Century 21 AllPoints Realty | $149,900 | |
| Listed by Century 21 AllPoints Realty | |||
Property Highlights
Garage
Elevator
Air Conditioning
Parking Details
Parking Features: Garage Detached
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Rooms: 5
Exterior Details
Property Condition: Construction Complete
Year Built: 2007
Construction Materials: Concrete
Utilities Details
Cooling Type: Central Air
Utilities: Community Sewer, Community Water, Electric, Phone, Public Water, TV Cable
Location Details
Association Fee Includes: Electricity, Gas, Ground Keeping, Insurance, Internet Service, Management, Other Utilities, Telephone, Water, Cable TV, Trash
Association Fee Frequency: Monthly
Association Fee2: $525
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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Currently no similar homes aroundNearby Rentals
Listed by: Jerry P Sullivan, Century 21 AllPoints Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 588269
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 588269
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