$490,000
●
House -
Off Market
4764 Papaya Park
Destin, FL 32541
4 Beds
3 Baths
$934,088
RealtyHop Estimate
90.63%
Since Apr 1, 2014
National-US
Primary Model
About This Property
Fantastic home located in one of Destin's most prestigious
''lifestyle'' communities. *** Accepted Offer In Place Pending
Seller Signature *** Master bedroom features a double sided
fireplace into the master bathroom. Family room features a
three-sided fireplace into the dining area. The home also features
triple crown molding throughout. Kitchen features granite counters.
Interior freshly painted. New carpet in all bedrooms and family
room. All other area have tile flooring. Outside you will find a
private lanai that faces the greenway and views of the extensive
landscaping. This is one of the larger lots in the S/D. Very close
to the Destiny East Clubhouse and located at the end of a
cul-de-sac. Destiny East amenities include a clubhouse, pool,
tennis, movie theatre, gym, playground and more.
Unit Size
-
Days on Market
38 days
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$648
Year Built
1999
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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: 9 months ago (ECAR #612880)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 6, 2023 | Sold | ||
| Sold | |||
| Mar 5, 2023 | No longer available | - | |
| No longer available | |||
| Nov 17, 2022 | No longer available | - | |
| No longer available | |||
| Nov 16, 2022 | Listed by Engel & Volkers 30A Beaches | $1,295,000 | |
| Listed by Engel & Volkers 30A Beaches | |||
| | |||
|
Why does everyone love Destiny East? Easy...Its one of the only gated communities where you can have a primary residence or a vacation home. This home is perfect for those looking for either. As you enter the residence you instantly feel the open floor plan that was designed for entertaining. The owner spared no expense updating all the flooring with porcelain tile throughout the living area and two of the bedrooms. The master suite is fit for a king. Oversized for true relaxation and rest. Completely renovated master bath that would rival a resort. Equipped with a screened in lanai that is perfect for an evening cocktail. Located at the end of a cul-de-sac and steps from all of the Destiny East amenities while only short walk to the sugary sands of the best beaches in Florida. The manager has listed the unit size as 2648 square feet.
| |||
| Aug 30, 2022 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Destiny East
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Listed by: Michael K Bailey, Dream Team Realty of NW Florida LLC
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 612880
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 612880
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