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Destin 32541 Destiny
4640 Paradise Isle
$599,900
● House - Off Market

4640 Paradise Isle

Destin, FL 32541
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,989 Ft²
$1,064,733
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Lovely 2 story villa situated on a beautiful waterfront lot overlooking the lake. This home is designed for entertaining and enjoying life, both inside and out. Enter through the iron double gate into the gorgeous tiled courtyard with huge fountain. The first floor has a huge living area with a gas FP, loads of windows looking out to the lake. The gorgeous gourmet kitchen has tons of storage, beautiful granite counters, center island, built in wine racks, and more. One BR is on the 1st FL looking onto the courtyard. 2nd FL has a loft area, MBR & additonal BR both w/balcony access offering gorgeous views of the lake & glimpse of the gulf. Located just a short walk from the beach & the community pool. Come make your dream of lakefront living at the beach come true!!
Unit Size
2,989 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$201
Property Type
House
Property Taxes
$607
HOA Dues
$2,000
Year Built
1997

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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 #727618)

Price History

Date / Event Date Event Price
Oct 14, 2020 Sold
Premium
Sold
Aug 7, 2015 Sold
Premium
Sold
Apr 15, 2015 Listed by Finn Realty Inc $599,900
Listed by Finn Realty Inc

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 598
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,512
  • Total Building Area: 5,528
  • Gross Building Area: 5,528
  • Building Area: 3,304
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,304
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DESTINY S/D
  • Land Acres: 0000000241
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: DESTINY S/D LOT 68

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0400-0000-0680
  • Lot: 68
  • Municipality: DESTIN
  • Latitude: 30.3825
  • Longitude: -86.4114

    Address

  • Full Address: 4640 Paradise Isle
  • Address - House Number: 4640
  • Address - Street Name: Paradise
  • Address - Suffix Type: Isle
  • State: FL
  • City Name: Destin
  • Carrier Code: C018
  • 4-Digit Zip Code: 3794
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 4,010
  • Tax Year: 2023
  • Tax Amount: $2,263,145
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2647
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 62
  • Final Value: 2,314,591
  • High Value: 2,927,352
  • Low Value: 1,701,830

    Market Valuation

  • Market Total Value: $2,188,655
  • Market Land Value: $393,930
  • Market Improvement Value: $1,794,725

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,188,655
  • Assessed Land Value: $393,930
  • Assessed Improvements Value: $1,794,725

    Sales

  • Current Sale Contract Date: Oct 13, 2020
  • Current Sale Recording Date: Oct 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3398916
  • Previous Sale Recording Date: Aug 07, 2015
  • Previous Sale Contract Date: Jul 28, 2015
  • Previous Sale Amount: $599,900
  • Previous Sale Document Type: 68
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 Destiny

Stats & Trends

Median Asking:

$1,547,495

Sale Price/ft²

$557

Below Asking

0.06%

Average Days on Market

152

Average Home Size

3148 ft²

Average Home Age

22.6 years

Currently For Sale

15 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: Team Finn, Finn Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 727618
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 4640 Paradise Isle built and last sold?
The property at 4640 Paradise Isle was built in 1997 and last sold on Oct 13, 2020 for $1,995,000.
How much is this home worth?
The estimated value of the home located at 4640 Paradise Isle is $646,666.
What are some comparable homes to 4640 Paradise Isle?
There are currently no comparable homes to 4640 Paradise Isle.
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