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Lot 5 Charlotte Avenue
About This Property
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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 |
|---|---|---|---|
| Mar 16, 2026 | Listed by EXP Realty LLC | $549,000 | |
| Listed by EXP Realty LLC | |||
| Jun 9, 2025 | Sold | ||
| Sold | |||
| Apr 17, 2025 | In contract | - | |
| In contract | |||
| Mar 11, 2025 | Listed by Scenic Sotheby's International Realty | $472,000 | |
| Listed by Scenic Sotheby's International Realty | |||
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This exceptional lot is located on the outer edge of The Villas of Frangista Beach, a charming gated community with elegant pavered roads. Owners of Lot 5 enjoy perpetual access to a private beach easement directly across Scenic Gulf Drive, exclusively reserved for homes in Frangista Beach Subdivision Additions One and Two. Residents of The Villas of Frangista Beach also have access to a cozy clubhouse and a seasonally heated pool, conveniently located just 550 feet north on Charlotte Avenue. This prime location offers easy access to Destin's renowned white sand beaches, top-rated golf courses, fantastic dining, entertainment, and abundant shopping options.
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| Jun 9, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017