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4744 Ocean Boulevard
About This Property
The family room, located on level two, has beach views from every angle, a gas fireplace, crown molding, and built-in bookcases. (more) The family room doors open to reveal a coastal outdoor living space that provides additional entertaining space, along with breathtaking views of the Gulf of Mexico. If you enjoy entertaining or your family naturally gravitates toward the kitchen to visit, Wave on Wave has plenty of space to relax and reminisce on the day's adventures, in the large gourmet kitchen with a breakfast bar, custom cabinetry, and gorgeous granite countertops. A chef's dream kitchen with incredible views. A private elevator provides convenient access to each level of beachfront living.
The master bedroom is a coastal retreat, designed for relaxation. Open the doors to the room's beachfront balcony and let the sound of seagulls and rhythm of the waves lull you to sleep. Or spend some time reading a book in the sitting area, which also showcases Gulf views. Vaulted, wooden ceiling features enhance the coastal feel of this spacious master bedroom. Just off the master bedroom, you'll find the master bathroom, which was designed to provide luxurious comfort in a tranquil beachfront setting, complete with an oversized shower suite and a large soaking tub.
The main entrance to Wave on Wave features a dramatic winding staircase. The first floor features a large guest room with two sets of arched French doors that open to an outdoor living space/balcony, which provides natural light and full views of the Gulf of Mexico. A full bathroom suite is just off this bedroom. Convenience asks key when you're living by the sea, so this home designed with a laundry room on the first and third floor and electronically retractable hurricane shutters.
Wave on Wave's first level offers two full bedroom guest suites with an ensuite bathroom with access to the private beach walkover.
Wave on Wave's third level offers an impressive beachfront master suite intentionally designed with a private vestibule entry as well as framed by a wall of glass, allowing for endless gulf views. The home's fifth bedroom suite is located on this level and has a private ensuite bath, as well.
This beach house has an oversized garage to hold two cars and even a golf cart for cruising. Ample parking for guests and a quaint courtyard beckons your arrival at the entrance.
Destiny By The Sea is a fully staffed security guard, gated community of 120 private homes, providing ultra privacy for homeowners, second homeowners, and a handful of celebrities. The beachside community includes an oversize resort-style swimming pool oasis, hot tub, workout facility, and a clubhouse entertainment area. Beach access is private and consists of a beach concierge service with rental chairs and umbrellas. Call now to schedule a FaceTime tour of this home or to schedule a private appointment. As a vacation rental home, Wave on Wave produces an enviable rental income of $260,000+, with little effort and an excellent property management team.
About Destin, Florida: Stunning white beaches, challenging golf, and world-famous fishing defines the Emerald Coast city of Destin.
Situated front and center on the Gulf of Mexico in northwest Florida, Destin is rightfully famed for its sugar-white sands and emerald-hued waters.
And due to its plentiful bounty of fishing opportunities and catch of days, Destin is widely known as the "world's luckiest fishing village."
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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 |
|---|---|---|---|
| Feb 1, 2021 | Sold | ||
| Sold | |||
| Nov 13, 2019 | Listed by Keller Williams Realty Destin | $3,350,000 | |
| Listed by Keller Williams Realty Destin | |||
| Sep 16, 2016 | Sold | ||
| Sold | |||
| Feb 4, 2014 | Listed by Keller Williams Realty Destin | $2,695,000 | |
| Listed by Keller Williams Realty Destin | |||
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Concrete and Steel Built Gulf-front Home in Exclusive Destiny by the Sea. This affordable gulf front home in Destin's most exclusive gulf front neighborhood will likely be the last sale under $3M in Destiny by the Sea. This family-friendly residence delivers spectacular views of the emerald green waters from its three Gulf-front balconies. Added touches such as poured concrete and steel reinforced construction and crown molding throughout the interior enhance the appeal of this Prescott architect designed home. The 2nd floor grand room features a well-equipped gourmet kitchen with granite counters and breakfast bar, the formal dining area and a welcoming living area with gas fireplace, built-in bookshelves, and doors that open to breathtaking views of the Gulf and sugar-white sands. 3rd floor spacious master bedroom includes a covered balcony as well as a sitting area, both designed to showcase Gulf views. Vaulted, wooden ceilings enhance the light and airy feel of the room. Melt the stresses of any day away in the garden tub or over-sized, custom-tiled shower in the expansive, tropical themed master en suite. A second bedroom with private bath complete the 3rd floor. The ground floor main entrance showcases the dramatically winding staircase. This floor also features a large guest room with two sets of arched French doors that open to an extended balcony and allow for great natural light and full views of the Gulf's sparkling waters and a full bath. The home's extras include a private elevator, first and third floor laundries and electronically retractable hurricane shutters. Destiny By The Sea is a guard gated community of 120 private homes. Community features include a fabulous pool area, hot tub, workout facility and entertainment area. Beach access is private and includes a beach concierge service with rental chairs and umbrellas. Call today to schedule an appointment to view this beautiful home. This vacation rental home produced rental income of $210,000 in 2013.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017