86
Map
$1,250,000
●
House -
For Sale
4765 Papaya Park
Destin, FL 32541
3 Beds
2 Baths,
1
Half Bath
2,340 Ft²
$7,091
Est. Monthly
About This Property
Tucked at the private end of a cul-de-sac, this exceptional Destiny
East home is one of the community's finest. Meticulously
maintained, stunningly furnished and decorated one story home is
move-in or rental ready. The screened lanai is why you move to
Florida. Epic in design and appeal this area is a destination
of its own and the heart of the home. A true outdoor living
space with comfortable lounge seating, an outdoor kitchen and
dining area, overhead misters, impressive built-in fire features,
oversized hot tub that gently flows back into the pool. Enjoy
indoors with an open floor plan that allows the kitchen, living
room, dining and outdoors to all flow beautifully together.
Entertaining here is effortless and will be unforgettable.
Destiny East boasts premier amenities, including a clubhouse with theater, party room, kitchen and fitness center; lighted tennis courts lined for pickle ball; and a community pool, hot tub and playground. Just moments from the beach and walking trail to Four Prong Lake where fishing and kayaking is allowed. Don't wait on this Destiny East treasure. You are not only investing in a home or short term rental you are entering a life style.
Destiny East boasts premier amenities, including a clubhouse with theater, party room, kitchen and fitness center; lighted tennis courts lined for pickle ball; and a community pool, hot tub and playground. Just moments from the beach and walking trail to Four Prong Lake where fishing and kayaking is allowed. Don't wait on this Destiny East treasure. You are not only investing in a home or short term rental you are entering a life style.
Unit Size
2,340 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$534
Property Type
House
Property Taxes
$952
HOA Dues
-
Year Built
2005
Listed By
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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: 7 hours ago (ECAR #1013677)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Listed by Destin Vacation Company LLC | $1,250,000 | |
| Listed by Destin Vacation Company LLC | |||
| May 22, 2026 | Sold | ||
| Sold | |||
| May 6, 2026 | In contract | - | |
| In contract | |||
| Apr 22, 2026 | Relisted | $1,250,000 | |
| Relisted | |||
| Apr 21, 2026 | In contract | - | |
| In contract | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Golf Cart Enclosed
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Breakfast Bar, Kitchen Island, Pantry, Ceiling Raised, Ceiling Tray/Cofferd, Ceiling Vaulted, Fireplace, Lighting Recessed, Owner's Closet, Washer/Dryer Hookup
Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Refrigerator, Washer, Wine Refrigerator, Water Heater, Auto Garage Door Opn, Security System, Smoke Detector, Stove/Oven Gas
Flooring Type: Floor Tile
Rooms: 5
Has Fireplace
Fireplace Features: Fireplace Gas
Exterior Details
Square Footage: 2340
Property Condition: Construction Complete
Architectural Style: Mediterranean
Year Built: 2005
Building Area Total: 2340
Window Features: Plantation Shutters, Window Treatment All
Construction Materials: Stucco
Patio and Porch Features: Covered, Screened
Pool Features: Heated, Pool - In-Ground, Pool Type
Pool is Private
Lot Features: Cul-De-Sac
Lot Size Area: 0.27
Lot Size Units: Acres
Lot Size Acres: 0.27
Lot Size Square Feet: 11761.2
Lot Size Dimensions: 85.87 x 132.64 x 74.36 x 199.99
Water Source: Public
Financial Details
Tax Assessed Value: $960
Tax Annual Amount: $11,429
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Security, Accounting, Legal, Management, Master Association
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Destiny East
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Currently no nearby rentals
Listed by: Renda J Fisher, Destin Vacation Company LLC
Last Updated: 7 hours ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1013677
Last Updated: 7 hours ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1013677
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