For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Destin 32541
508 Mimosa Avenue
$145,000
● House - Off Market

508 Mimosa Avenue

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,425 Ft²
$292,056
RealtyHop Estimate
94.70%
Since Oct 1, 2013
National-US
Primary Model

About This Property

Back on the market ... buyer could not get financing. Awesome location in the heart of Destin close to the elementary school. Immaculate brick home on huge corner lot with plenty of room for a large pool & play area ... New roof 2006 ... Hardwood floors throughout most of home ... Enclosed sun room ... Laundry room with plenty of storage space ... nice kitchen with full dining area ... Nice size storage shed in back yard. Excellent price for a home in Destin. Seller will provide existing survey to new buyer. Property to be Sold ''As Is''. Buyer to verify room measurements.
Unit Size
1,425 Ft²
Days on Market
-
Land Size
-
Price per sqft
$105
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1968

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 MLS #601053)

Price History

Date / Event Date Event Price
Sep 6, 2013 Sold
Premium
Sold
Jul 18, 2013 Listed by RE/MAX Southern Realty $150,000
Listed by RE/MAX Southern Realty
Jun 1, 2011 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,666
  • Lot Size Frontage Feet: 1,230
  • Total Building Area: 1,600
  • Gross Building Area: 1,600
  • Building Area: 1,175
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,175
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KELLYS 3RD ADD
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: KELLYS 3RD ADD DESTIN LOT 1 BLK 15 & BEG NW COR LOT 2 S 6DEG W 127.82FT S

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023306

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-1361-0015-0010
  • Block: 15
  • Lot: 1,2
  • Municipality: DESTIN
  • Latitude: 30.4035
  • Longitude: -86.4937

    Address

  • Full Address: 508 Mimosa Ave
  • Address - House Number: 508
  • Address - Street Name: Mimosa
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Destin
  • Carrier Code: C012
  • 4-Digit Zip Code: 1749
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,421
  • Tax Year: 2023
  • Tax Amount: $317,592
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2729
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 60
  • Final Value: 346,353
  • High Value: 440,897
  • Low Value: 251,808

    Market Valuation

  • Market Total Value: $289,598
  • Market Land Value: $151,910
  • Market Improvement Value: $137,688

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $289,598
  • Assessed Land Value: $151,910
  • Assessed Improvements Value: $137,688

    Sales

  • Current Sale Contract Date: Sep 05, 2013
  • Current Sale Recording Date: Sep 06, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2881001
  • Previous Sale Recording Date: Jun 01, 2011
  • Previous Sale Contract Date: May 26, 2011
  • Previous Sale Amount: $118,000
  • Previous Sale Document Type: 71
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

Stats & Trends

Median Asking:

$558,000

Sale Price/ft²

$410

Below Asking

0.03%

Average Days on Market

100

Average Home Size

1721 ft²

Average Home Age

31.4 years

Currently For Sale

524 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

Rentals Near You

Click here to view more rentals in the neighborhood.
ECAR

Listed by: Mary Ann Miller, RE/MAX Southern Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 601053
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 508 Mimosa Avenue built and last sold?
The property at 508 Mimosa Avenue was built in 1968 and last sold on Sep 5, 2013 for $145,000.
How much is this home worth?
The estimated value of the home located at 508 Mimosa Avenue is $175,826.
What are some comparable homes to 508 Mimosa Avenue?
There are currently no comparable homes to 508 Mimosa Avenue.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Fort Walton Beach Homes for Sale
Fort Walton Beach Houses for Sale
Fort Walton Beach Condos for Sale
Fort Walton Beach Townhouses for Sale
Fort Walton Beach Land for Sale
Fort Walton Beach Commercial for Sale
Fort Walton Beach Homes with Basements
Fort Walton Beach Homes with Pools
Nearby Cities
Miramar Beach Homes for Sale
Destin Homes for Sale
Navarre Homes for Sale
Midway Homes for Sale
Wright Homes for Sale
Pace Homes for Sale
Freeport Homes for Sale
Niceville Homes for Sale
Nearby Property Records
Okaloosa County, FL Property Records
Walton County, FL Property Records
Santa Rosa County, FL Property Records
Escambia County, FL Property Records
Washington County, FL Property Records
Bay County, FL Property Records
Holmes County, FL Property Records
Escambia County, AL Property Records
Neighborhoods
Santa Rosa Island Real Estate
Downtown Destin Real Estate
Crystal Beach Real Estate
Wild Heron Real Estate
Port Dixie Real Estate
Destin Harbor Real Estate
Seabreeze Real Estate
Northwest Real Estate
Nearby Counties
Walton Beaches Homes for Sale
Holley-Navarre Homes for Sale
Midway Homes for Sale
Niceville-Valparaiso Homes for Sale
Freeport Homes for Sale
East Milton Homes for Sale
Avalon-Mulat Homes for Sale
Navarre Beach Homes for Sale
Top Real Estate Agents
Top Agents in Fort Walton Beach
Top Agents in Walton Beaches
Top Agents in 32459
Top Agents in 32541
Top Agents in Miramar Beach
Top Agents in 32550
Top Agents in 32566
Top Agents in Destin