4639 Paradise Isle
About This Property
Located in Destiny West, one of the most sought-after neighborhoods in Destin, this gorgeous villa offers an unmatched level of luxury. With 5 bedrooms and 3 baths, a Chef's kitchen, screened-in lanai, separate guest house, and a fire pit, you and your guests will enjoy every inch of the 2287 square feet of space.
Enter through the stunning double doors, and you will notice an open family room with 18-foot ceilings and a spectacular river rock fireplace. The great room opens into a dining area with seating for 8 and continues into a kitchen that anyone would be thrilled to cook in. PRIVATE POOL and the community pool is amazing. ASK FOR THE CASH FLOW SHEET! Come see in person!
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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 |
|---|---|---|---|
| Aug 4, 2026 | Sold | ||
| Sold | |||
| Jun 20, 2026 | In contract | - | |
| In contract | |||
| Apr 27, 2026 | Price Decreased |
$1,399,990
↓ $10
(0%) | |
| Price Decreased | |||
| Mar 3, 2026 | Listed by Corcoran Reverie SRB | $1,400,000 | |
| Listed by Corcoran Reverie SRB | |||
| Jan 6, 2026 | Price Decreased |
$1,400,000
↓ $50K
(3.5%) | |
| Price Decreased | |||
| Jan 5, 2026 | Price Decreased |
$1,450,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
| Dec 24, 2025 | Price Decreased |
$1,500,000
↓ $10K
(0.7%) | |
| Price Decreased | |||
| Dec 13, 2025 | Price Decreased |
$1,510,000
↓ $10K
(0.7%) | |
| Price Decreased | |||
| Dec 10, 2025 | Price Decreased |
$1,520,000
↓ $6K
(0.4%) | |
| Price Decreased | |||
| Dec 2, 2025 | Price Decreased |
$1,526,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Nov 26, 2025 | Price Decreased |
$1,528,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Nov 17, 2025 | Price Decreased |
$1,530,000
↓ $3K
(0.2%) | |
| Price Decreased | |||
| Nov 8, 2025 | Price Decreased |
$1,533,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Nov 4, 2025 | Price Decreased |
$1,534,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Oct 25, 2025 | Price Decreased |
$1,535,000
↓ $4K
(0.3%) | |
| Price Decreased | |||
| Oct 21, 2025 | Price Decreased |
$1,539,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Oct 18, 2025 | Price Decreased |
$1,540,000
↓ $10K
(0.7%) | |
| Price Decreased | |||
| Oct 12, 2025 | Price Decreased |
$1,550,000
↓ $4K
(0.3%) | |
| Price Decreased | |||
| Oct 7, 2025 | Price Decreased |
$1,554,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Oct 3, 2025 | Price Decreased |
$1,555,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Sep 29, 2025 | Price Decreased |
$1,557,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Sep 26, 2025 | Price Decreased |
$1,558,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Sep 21, 2025 | Price Decreased |
$1,560,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
| Sep 16, 2025 | Price Decreased |
$1,565,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
| Sep 11, 2025 | Price Decreased |
$1,570,000
↓ $10K
(0.6%) | |
| Price Decreased | |||
| Sep 7, 2025 | Price Decreased |
$1,580,000
↓ $20K
(1.3%) | |
| Price Decreased | |||
| Sep 3, 2025 | Price Decreased |
$1,600,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Aug 26, 2025 | Price Decreased |
$1,601,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Aug 20, 2025 | Price Decreased |
$1,603,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Aug 17, 2025 | Price Decreased |
$1,605,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
| Aug 12, 2025 | Price Decreased |
$1,610,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Aug 6, 2025 | Price Decreased |
$1,611,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Jul 31, 2025 | Price Decreased |
$1,613,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Jul 21, 2025 | Price Decreased |
$1,615,000
↓ $6K
(0.4%) | |
| Price Decreased | |||
| Jul 19, 2025 | Price Decreased |
$1,621,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Jul 9, 2025 | Price Decreased |
$1,622,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Jul 4, 2025 | Price Decreased |
$1,623,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Jun 30, 2025 | Price Decreased |
$1,624,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Jun 23, 2025 | Price Decreased |
$1,625,000
↓ $3K
(0.2%) | |
| Price Decreased | |||
| Jun 16, 2025 | Price Decreased |
$1,628,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Jun 9, 2025 | Price Decreased |
$1,630,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Jun 6, 2025 | Price Decreased |
$1,632,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Jun 1, 2025 | Price Decreased |
$1,634,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| May 27, 2025 | Price Decreased |
$1,636,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| May 23, 2025 | Price Decreased |
$1,637,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| May 21, 2025 | Price Decreased |
$1,639,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| May 12, 2025 | Price Decreased |
$1,640,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Apr 18, 2025 | Price Decreased |
$1,642,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
| Apr 7, 2025 | Price Decreased |
$1,647,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Mar 12, 2025 | Price Decreased |
$1,649,000
↓ $8K
(0.5%) | |
| Price Decreased | |||
| Mar 7, 2025 | Price Decreased |
$1,657,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Feb 24, 2025 | Price Decreased |
$1,658,000
↓ $2K
(0.1%) | |
| Price Decreased | |||
| Feb 16, 2025 | Price Decreased |
$1,660,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
| Jan 25, 2025 | Price Decreased |
$1,665,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
| Jan 7, 2025 | Price Decreased |
$1,670,000
↓ $10K
(0.6%) | |
| Price Decreased | |||
| Dec 16, 2024 | Price Decreased |
$1,680,000
↓ $10K
(0.6%) | |
| Price Decreased | |||
| Nov 25, 2024 | Price Decreased |
$1,690,000
↓ $10K
(0.6%) | |
| Price Decreased | |||
| May 3, 2024 | Listed | $1,700,000 | |
| Listed | |||
| | |||
|
200k in rental!! PROVEN RENTAL HISTORY! BRING ANY AND ALL OFFERS! MOTIVATED SELLER!
Located in Destiny West, one of the most sought-after neighborhoods in Destin, this gorgeous villa offers an unmatched level of luxury. With 5 bedrooms and 3 baths, a Chef's kitchen, screened-in lanai, separate guest house, and a fire pit, you and your guests will enjoy every inch of the 2287 square feet of space.
Enter through the stunning double doors, and you will notice an open family room with 18-foot ceilings and a spectacular river rock fireplace. The great room opens into a dining area with seating for 8 and continues into a kitchen that anyone would be thrilled to cook in. With stainless steel Viking appliances, a gas range, oversized refrigerator, incredible storage in the shaker cabinets and pantry, a bar-height counter area, and even a wine fridge, you'll enjoy preparing meals and entertaining in this space.
Just off the kitchen are one of three bathrooms as well as a laundry room with a full-sized washer and dryer. The primary bedroom is also located on the main level with the same stunning flooring as the great room, as well as a private entrance to the pool area. The ensuite boasts a walk-in closet, double vanity, and a custom, over-sized shower ensuring that everyone has plenty of room to clean up after a day at the beach or to get ready for a night on the town.
Take the wrought-iron banister staircase up to the second floor, and you'll find three spacious and comfortable bedrooms and another full bath with a double vanity. One of the bedrooms has a set of bunk beds as well as a queen sized, providing a great space for your kiddos or teenagers to enjoy.
An extravagant oasis awaits just outside of this gorgeous house. Custom wooden gates provide privacy, and a cobblestone walk from the entrance leads to a backyard like no other. Just off the patio area, the heated and cooled "cabana" room can be used as another bedroom or as a living space.
The screened-in lanai and pool allows your guests to enjoy the beauty of the outdoors free from pests, and you'll see ample seating whether for relaxing or dining. Finally, enjoy the fire pit any time of year, and relish in the lush landscaping all around.
Destiny West is a gated community offering access to the beach and amenities including a pool, hot tub, exercise room, clubhouse, and both tennis and pickleball courts. Hop in your golf cart and cruise over to the Crab Trap, Captain Dave's, or Pompano Joe's for food and fun - all are less than a mile away!
Whether you're looking for a permanent residence, a lucrative investment property, or a second home for your family's vacations, this is truly your picture-perfect paradise! AMAZING RENTAL HISTORY! ASK FOR THE CASH FLOW SHEET!
| |||
| Nov 19, 2023 | No longer available | - | |
| No longer available | |||
| Aug 27, 2023 | Price Decreased |
$1,689,999
↓ $10K
(0.6%) | |
| Price Decreased | |||
| Jul 20, 2023 | Price Decreased |
$1,699,999
↓ $50K
(2.9%) | |
| Price Decreased | |||
| Jul 2, 2023 | Listed by Keller Williams Realty- Emerald Coast | $1,750,000 | |
| Listed by Keller Williams Realty- Emerald Coast | |||
| | |||
|
Old Florida Charm meets Modern Luxury. Welcome to Emerald Gate Villa with $136K in rental income in its first year located in Destiny West, one of the most sought after communities in the area! No detail has been missed inside or out! Sellers invested $50K in furnishings and upgrades! Four bedrooms plus a heated/cooled cabana or fifth bedroom provides space for everyone. Inside is a Chef's kitchen with upgraded Viking appliances. and a family room with an 18-ft vaulted ceiling. A river rock fireplace in the family room leads to a wrought-iron banister stairway with 3 bedrooms on the second floor. The primary bedroom located on the main level features a large closet with an oversized shower in the en-suite bathroom. The manager has listed the unit size as 2287 square feet.
| |||
| May 17, 2022 | Sold | ||
| Sold | |||
| Oct 30, 2020 | Sold | ||
| Sold | |||
| Apr 5, 2013 | Sold | ||
| Sold | |||
| Apr 1, 2013 | Listed by Corcoran Reverie SRB | $547,000 | |
| Listed by Corcoran Reverie SRB | |||
Property Highlights
Building Info
Overview
- Year Built: 2005
- Effective Year Built: 2005
- Building Count: 1
- Bedroom Count: 5
- Bathroom Count: 3
- Full Bathrooms: 2
- Partial Bathrooms: 3
- Building Condition: 0
- Building Quality: 1
- Construction Type: 0
- Building Style: 0
- Exterior Walls Type: 17
- Interior Walls Type: 0
- Roof Shape Type: 0
- Roof Cover Type: 18
- Floor Count: 200
- Living Units: 1
- Floor Cover: 13
- Basement Type: 0
- Basement Area: 0
- Garage Type: 1
- Garage Square Area: 552
- Parking Space Count: 0
- Patio Type: 59
- Porch Type: 126
- Pool Type: 8
General
- Lot Size Square Feet: 8,581
- Total Building Area: 3,373
- Gross Building Area: 3,373
- Building Area: 2,287
- Building Area Measurement: L
Dimensions
- Air Conditioning: 13
- Heating: 10
- Heated Square Feet: 2,287
- Heating Fuel Type: 0
Heating and Cooling
- Sewer System: 0
- Water Service: 0
Utilities
Building
- Building Type: 0
- Property Class: R
- Subdivision: DESTINY S/D
- Land Acres: 0000000197
- Standard Land Use Code: 1001
- County Land Use Code: 000100
- State Land Use Code: 001
- Legal Description 1: DESTINY S/D LOT 121
Neighborhood
- School District Name: Okaloosa County School District
- Census Tract: 023308
Geography
- Assessors Map Reference: 47
- Parcel: 00-2S-22-0400-0000-1210
- Lot: 121
- Municipality: DESTIN
- Latitude: 30.383
- Longitude: -86.411
- Full Address: 4639 Paradise Isle
- Address - House Number: 4639
- Address - Street Name: Paradise
- Address - Suffix Type: Isle
- State: FL
- City Name: Destin
- Carrier Code: C018
- 4-Digit Zip Code: 3795
- Zip Code: 32541
Address
Valuation
- Total Area: 2,840
- Tax Year: 2023
- Tax Amount: $1,099,647
- Tax Rate Code Area: 010
Tax
- Standard Deviation: 0.0808
- Valuation Date: Feb 28, 2024
- Confidence Score: 94
- Final Value: 1,643,284
- High Value: 1,776,129
- Low Value: 1,510,438
Appraisal Valuation
- Total Open Liens:
- Total Open Liens Amount:
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- First Open Lien Mortgage Recording Date:
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Open Liens
- Market Total Value: $920,500
- Market Land Value: $299,050
- Market Improvement Value: $621,450
Market Valuation
- Assessed Year: 2023
- Assessed Total Value: $920,500
- Assessed Land Value: $299,050
- Assessed Improvements Value: $621,450
Assessments Valuation
- Current Sale Contract Date: May 12, 2022
- Current Sale Recording Date: May 17, 2022
- Current Sale Price:
- Current Sale Document Type: 71
- Current Sale Input Document Number: 3550502
- Previous Sale Recording Date: Oct 30, 2020
- Previous Sale Contract Date: Oct 27, 2020
- Previous Sale Amount: $620,000
- Previous Sale Document Type: 71
Sales
- First Mortgage Lender:
- First Mortgage Transaction Date:
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Last Sale Mortgage
4639 Paradise Isle
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Comparables
Status
Price/ft²
Listed On
Sold On
About Destiny
Stats & Trends
Median Asking:
$1,399,990Sale Price/ft²
$532Below Asking
0.06%Average Days on Market
156Average Home Size
3259 ft²Average Home Age
22.4 yearsCurrently For Sale
10 ListingsSimilar Homes for Sale
Currently no similar homes aroundNearby Rentals
Last Updated: 3 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 996726
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017