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Destin 32541 Crystal Beach
4494 Luke Avenue
$490,000
● House - Off Market

4494 Luke Avenue

Destin, FL 32541
bedrooms
6 Beds
bathrooms
4 Baths
square feet
3,352 Ft²
$951,892
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

No need to look any further; this six bedroom house offers a spacious floor plan and is located in the popular crystal beach community with a short stroll to the beach and community pool. This particular house a century located and is close to everything, shopping, movies, restaurants, and of course the beach. The home offers 10 foot vaulted ceilings, large comfortable rooms, and fenced in private heated pool with direct access from most of the porches and balconies. This is a rental machine, so if you're looking for a cash flow positive opportunity?. Look no further! Doing over 70,000 and Gross Rental Income makes for the perfect investment!
Unit Size
3,352 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$145
Property Type
House
Property Taxes
-
HOA Dues
$600
Year Built
2002

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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 #589768)

Price History

Date / Event Date Event Price
Aug 17, 2022 Sold
Premium
Sold
Mar 17, 2021 Sold
Premium
Sold
Jan 23, 2021 No longer available -
No longer available
Dec 2, 2020 Listed by Aquatic Residential Leasing $985,000
Listed by Aquatic Residential Leasing
May 23, 2017 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,913
  • Total Building Area: 3,354
  • Gross Building Area: 3,354
  • Building Area: 2,778
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,778
  • 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 12

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 2
  • Parcel: 00-2S-22-0583-0000-0120
  • Lot: 12
  • Municipality: DESTIN
  • Latitude: 30.3855
  • Longitude: -86.4231

    Address

  • Full Address: 4494 Luke Ave
  • Address - House Number: 4494
  • Address - Street Name: Luke
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 3582
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,903
  • Tax Year: 2023
  • Tax Amount: $1,270,013
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1938
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 1,059,890
  • High Value: 1,265,303
  • Low Value: 854,476

    Market Valuation

  • Market Total Value: $1,063,110
  • Market Land Value: $428,185
  • Market Improvement Value: $634,925

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,063,110
  • Assessed Land Value: $428,185
  • Assessed Improvements Value: $634,925

    Sales

  • Current Sale Contract Date: May 12, 2022
  • Current Sale Recording Date: Aug 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3572422
  • Previous Sale Recording Date: Mar 17, 2021
  • Previous Sale Contract Date: Mar 12, 2021
  • Previous Sale Amount: $965,000
  • Previous Sale Document Type: 71
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

125

Average Home Size

2479 ft²

Average Home Age

28.2 years

Currently For Sale

53 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

Rentals Near You

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ECAR

Listed by: Shannyn P Stevenson, Aquatic Residential Leasing
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 589768
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 4494 Luke Avenue built and last sold?
The property at 4494 Luke Avenue was built in 2002 and last sold on May 12, 2022 for $548,300.
How much is this home worth?
The estimated value of the home located at 4494 Luke Avenue is $0.
What are some comparable homes to 4494 Luke Avenue?
There are currently no comparable homes to 4494 Luke Avenue.
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