4491 Clipper Cove
About This Property
Adjacent to the second-floor primary suite, a bonus room with a full ensuite bathroom provides flexibility as additional sleeping space, a media room or an office. Two additional guest rooms on the first floor are each equipped with Murphy beds, allowing for flexible sleeping arrangements and added convenience. The open-concept living, kitchen, and dining area on the first level features bright, coastal-inspired decor and a gas fireplace, creating a welcoming atmosphere for gathering and entertaining. Outside, you'll find numerous porches perfect for relaxing with a morning coffee or evening cocktail, surrounded by lush landscaping that enhances the home's curb appeal. With ample parking and a generous outdoor storage closet, this property offers all the practical space you need to make the most of your time at the beach. Crystal Beach Cottages residents enjoy access to a community pool, and the home is ideally located within walking distance of the Crystal Beach Drive Beach Access, where you can enjoy sun and sand with ease. Just a few steps further, The Shore at Crystal Beach Park offers a pavilion, restrooms, showers, picnic tables, and ample parkingideal for a family day out. The neighborhood is perfectly situated for easy access to the best of Destin. You're just minutes from the shopping, dining, and entertainment of Destin Commons, and other local attractions, including the Destin Harbor and Silver Sands Outlet Mall, are only a short drive away. Whether you're seeking a vacation getaway, a lucrative rental investment or a permanent coastal retreat, this home in Crystal Beach Cottages is the perfect place to enjoy everything Destin has to offer.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Aug 5, 2025 | Sold | ||
| Sold | |||
| Jun 28, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Price Decreased |
$1,000,000
↓ $40K
(3.9%) | |
| Price Decreased | |||
| Apr 15, 2025 | Price Decreased |
$1,040,000
↓ $10K
(1%) | |
| Price Decreased | |||
| Mar 11, 2025 | Price Decreased |
$1,050,000
↓ $50K
(4.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017