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Destin 32541 Destin Racquet Club
48 Court Drive
$310,000
● House - Off Market

48 Court Drive

Destin, FL 32541
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$2,060
Est. Monthly
$350
HOA / Fees
3.34%
Cap Rate

About This Property

Beautifully renovated 2BR/2.5BA townhome with over $90K in upgrades-nearly every feature is new, including paint, trim, flooring, windows, lighting, fans, all doors, bathrooms, fixtures, and Quartz counters throughout. The kitchen features soft-close cabinets, Quartz countertops, under-cabinet lighting, new stove, and sink. Enjoy the cozy brick fireplace and relax on the enclosed patio and deck. Roof replaced in 2022, HVAC in 2021. Steps to the community pool and less than a mile to the Gulf. Ideal as a primary home, vacation getaway, or rental-style and comfort await.
Unit Size
-
Days on Market
168 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$187
HOA Dues
$350
Year Built
1985

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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 #974040)

Price History

Date / Event Date Event Price
Oct 1, 2025 Sold
Premium
Sold
Jul 24, 2025 In contract -
In contract
Apr 16, 2025 Listed by Scenic Real Estate $310,000
Listed by Scenic Real Estate
Dec 15, 2000 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 35
  • Exterior Walls Type: 0
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 871
  • Total Building Area: 1,572
  • Gross Building Area: 1,572
  • Building Area: 1,424
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,424
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DESTIN RACQUET CLUB T/H
  • Land Acres: 0000000020
  • Standard Land Use Code: 1001
  • County Land Use Code: 000109
  • State Land Use Code: 01
  • Legal Description 1: DESTIN RACQUET CLUB T/H UNIT 48

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023305

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0637-0000-0480
  • Lot: 48
  • Municipality: DESTIN
  • Latitude: 30.3976
  • Longitude: -86.4726

    Address

  • Full Address: 48 Court Dr
  • Address - House Number: 48
  • Address - Street Name: Court
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C008
  • 4-Digit Zip Code: 2111
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,452
  • Tax Year: 2023
  • Tax Amount: $213,470
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.187
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 75
  • Final Value: 303,898
  • High Value: 360,732
  • Low Value: 247,063

    Market Valuation

  • Market Total Value: $215,821
  • Market Land Value: $70,000
  • Market Improvement Value: $145,821

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $215,821
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $145,821

    Sales

  • Current Sale Contract Date: Dec 13, 2000
  • Current Sale Recording Date: Dec 15, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1809810

    Financing

  • First Mortgage Financing Type: FIX
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 Destin Racquet Club

Stats & Trends

Median Asking:

$285,000

Sale Price/ft²

$210

Below Asking

0.02%

Average Days on Market

160

Average Home Size

1387 ft²

Average Home Age

42.4 years

Currently For Sale

0 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

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ECAR

Listed by: Cynthia Lea Blanton, Scenic Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 974040
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 48 Court Drive built and last sold?
The property at 48 Court Drive was built in 1985 and last sold on Dec 13, 2000 for $85,000.
How much is this home worth?
The estimated value of the home located at 48 Court Drive is $0.
What are some comparable homes to 48 Court Drive?
There are currently no comparable homes to 48 Court Drive.
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