4481 C Luke Avenue
About This Property
The full kitchen has granite countertops, ample cabinetry, and a breakfast bar beautifully accented with pendant lighting. The living room is filled with natural light and includes an electronic fireplace, creating a cozy atmosphere for relaxing evenings indoors. The open-concept layout is ideal for entertaining, seamlessly flowing outdoors through three sets of French doors that lead to the private pool area surrounded by a white picket fence. An additional highlight is the separate pool house which includes a half bath. For added convenience, the property also features an outdoor shower, perfect for rinsing off after a day at the pristine white sandy beaches that Destin is known for.
The nearest beach access is just blocks away, down at the end of Hutchinson Street. This home is in a serene setting with no high-rises in sight. Sold fully furnished, this property is an excellent opportunity for a vacation rental, secondary home, or even a primary residence. With its unbeatable location and thoughtful updates, this Crystal Beach gem is ready to be your perfect coastal retreat.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 9, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Price Decreased |
$899,000
↓ $76K
(7.8%) | |
| Price Decreased | |||
| Feb 13, 2025 | Relisted | $975,000 | |
| Relisted | |||
| Feb 10, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017