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4736 Ocean Boulevard
About This Property
4736 Ocean Blvd represents a compelling blend of lifestyle and long-term investment in a location that continues to outperform the broader market. Whether held as a private coastal estate or leveraged as a high-performing asset, this beachfront home is defined by luxury, quality, and enduring value.
Highlights:
- Gulf-front with unobstructed, panoramic coastline views
- Extensively rebuilt and reimagined in 2025, offering like-new condition
- Located in Destiny by the Sea, one of Destin's most exclusive gated communities
- Five king suites, each with a beautifully renovated en-suite bath
- Private beachfront heated pool with integrated spa jets
- Direct dune walkover for effortless beach access with no roads to cross
- Expansive second-floor balcony outdoor living space with sweeping Gulf views
- In-home elevator and garage
- Includes 8-seat street-legal low speed vehicle ("golf cart")
- Offered fully furnished and turnkey
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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 |
|---|---|---|---|
| Jul 27, 2026 | Price Decreased |
$6,950,000
↓ $25K
(0.4%) | |
| Price Decreased | |||
| Apr 1, 2026 | Listed by Diamond Gulf Realty | $6,975,000 | |
| Listed by Diamond Gulf Realty | |||
| Aug 24, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017