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Destin 32541 Crystal Beach
4427 Clipper Cove
$775,000
● House - Off Market

4427 Clipper Cove

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,349 Ft²
$5,564
Est. Monthly
$1,151
HOA / Fees
0.57%
Cap Rate

About This Property

New roof! This updated 3 bedroom beach bungalow is what you have been looking for! The tropical colors of the house and new landscaping welcome you. Enter the front door to the open floor plan and vaulted ceilings. The dining room is accented by a bay window and is open to the kitchen. New wood look tile in all of the bedrooms and new kitchen cabinets and granite countertops. Enjoy sitting on the back or front covered porches watching the sun melt away. Great private back yard. This home is directly across the street from the community pool, after enjoying the pool, take a short stroll down the street to the beach. This is a great rental property or primary home! Hurricane shutters included.
Unit Size
1,349 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$604
Property Type
House
Property Taxes
$410
HOA Dues
$1,151
Year Built
1992

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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 #917473)

Price History

Date / Event Date Event Price
Jul 12, 2024 Sold
Premium
Sold
Feb 21, 2023 Listed by Beach Escapes Realty $815,000
Listed by Beach Escapes Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,424
  • Total Building Area: 1,911
  • Gross Building Area: 1,911
  • Building Area: 1,349
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,349
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRYSTAL BCH
  • Land Acres: 0000000148
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CRYSTAL BCH COTTAGES PH II LOT 51

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023304

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 2
  • Parcel: 00-2S-22-0583-0000-0510
  • Lot: 51
  • Municipality: DESTIN
  • Latitude: 30.3854
  • Longitude: -86.4244

    Address

  • Full Address: 4427 Clipper Cv
  • Address - House Number: 4427
  • Address - Street Name: Clipper
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 5100
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,518
  • Tax Year: 2023
  • Tax Amount: $652,037
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.0808
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 94
  • Final Value: 773,657
  • High Value: 836,201
  • Low Value: 711,114

    Market Valuation

  • Market Total Value: $647,025
  • Market Land Value: $428,185
  • Market Improvement Value: $218,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $647,025
  • Assessed Land Value: $428,185
  • Assessed Improvements Value: $218,840
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:

$1,075,000

Sale Price/ft²

$593

Below Asking

0.02%

Average Days on Market

79

Average Home Size

2656 ft²

Average Home Age

25.4 years

Currently For Sale

81 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: Vicki L Gordon, Beach Escapes Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 917473
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 4427 Clipper Cove built and last sold?
The property at 4427 Clipper Cove was built in 1992 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4427 Clipper Cove is $0.
What are some comparable homes to 4427 Clipper Cove?
There are currently no comparable homes to 4427 Clipper Cove.
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