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Destin 32541 Crystal Beach
4476 Luke Avenue
$885,000
● House - Off Market

4476 Luke Avenue

Destin, FL 32541
bedrooms
3 Beds
bathrooms
3 Baths
$6,126
Est. Monthly
$1,015
HOA / Fees

About This Property

This stunning Crystal Beach Cottage welcomes you. Where location truly is everything! This charming 3 bed 3 bath home is not only a sight to behold, but it's also a rental machine, making it an excellent investment opportunity. Owner has just laid all new LVP floors in all of the bedrooms. One of the many standout features of this property is the spacious outdoor shower, perfect for rinsing off after a day at the beach. This home is in high demand, as it is rented out for the entire month of July, Aug and all but one week in Sept. In conclusion, this beautiful Crystal Beach Cottage is a true gem!
Unit Size
-
Days on Market
97 days
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$549
HOA Dues
$1,015
Year Built
1995

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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: 10 months ago (ECAR #927202)

Price History

Date / Event Date Event Price
May 8, 2024 Sold
Premium
Sold
Jul 5, 2023 Listed by Home Town Realty Partners LLC $929,000
Listed by Home Town Realty Partners LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • 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: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • 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: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,913
  • Total Building Area: 2,236
  • Gross Building Area: 2,236
  • Building Area: 1,556
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,556
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRYSTAL BCH
  • Land Acres: 0000000136
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CRYSTAL BCH COTTAGES PH II LOT 5

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 2
  • Parcel: 00-2S-22-0583-0000-0050
  • Lot: 5
  • Municipality: DESTIN
  • Latitude: 30.3856
  • Longitude: -86.4248

    Address

  • Full Address: 4476 Luke Ave
  • Address - House Number: 4476
  • Address - Street Name: Luke
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 3581
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,816
  • Tax Year: 2023
  • Tax Amount: $721,673
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.0802
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 1,033,435
  • High Value: 1,116,364
  • Low Value: 950,506

    Market Valuation

  • Market Total Value: $686,590
  • Market Land Value: $428,185
  • Market Improvement Value: $258,405

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $686,590
  • Assessed Land Value: $428,185
  • Assessed Improvements Value: $258,405
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:

$1,350,000

Sale Price/ft²

$645

Below Asking

0.02%

Average Days on Market

128

Average Home Size

2372 ft²

Average Home Age

27.9 years

Currently For Sale

56 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: Mary E Cornelison, Home Town Realty Partners LLC
Last Updated: 10 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 927202
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 4476 Luke Avenue built and last sold?
The property at 4476 Luke Avenue was built in 1995 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4476 Luke Avenue is $938,290.
What are some comparable homes to 4476 Luke Avenue?
There are currently no comparable homes to 4476 Luke Avenue.
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