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Destin 32541
516 Sibert Avenue
$610,000
● House - Off Market

516 Sibert Avenue

Destin, FL 32541
bedrooms
4 Beds
bathrooms
4 Baths
$3,436
Est. Monthly
3.46%
Cap Rate

About This Property

4 bedrooms and 4 bathrooms! Hemingway Subdivision delivers a quaint community with paver streets, lush landscaping nestled in the perfect location. Interior features include plank tile flooring throughout the main living area, custom tiled bathrooms with tiled surrounds, granite countertops, stainless appliances, high-grade mill work, tall ceilings, and two car garage.
Unit Size
-
Days on Market
-
Land Size
0.06 acres
Price per sqft
-
Property Type
House
Property Taxes
$440
HOA Dues
-
Year Built
2017

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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 #982314)

Price History

Date / Event Date Event Price
Aug 1, 2025 Listed by Florida Sales Realty $610,000
Listed by Florida Sales Realty
Oct 10, 2017 Sold
Premium
Sold
Jul 31, 2017 Listed by Florida Sales Realty $439,900
Listed by Florida Sales Realty
Feb 25, 2010 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,772
  • Total Building Area: 3,002
  • Gross Building Area: 3,002
  • Building Area: 2,294
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,294
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEMINGWAY
  • Land Acres: 0000000064
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: HEMINGWAY LOT 5

Neighborhood

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

Geography

  • Assessors Map Reference: MAP 2
  • Parcel: 00-2S-22-1315-0000-0050
  • Lot: 5
  • Municipality: DESTIN
  • Latitude: 30.4058
  • Longitude: -86.498

    Address

  • Full Address: 516 Sibert Ave
  • Address - House Number: 516
  • Address - Street Name: Sibert
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Destin
  • Carrier Code: C012
  • 4-Digit Zip Code: 1617
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,622
  • Tax Year: 2023
  • Tax Amount: $532,227
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 670,454
  • High Value: 789,965
  • Low Value: 550,944

    Market Valuation

  • Market Total Value: $484,057
  • Market Land Value: $40,392
  • Market Improvement Value: $443,665

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $484,057
  • Assessed Land Value: $40,392
  • Assessed Improvements Value: $443,665

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 05, 2017
  • Current Sale Recording Date: Oct 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3165083
  • Previous Sale Recording Date: Feb 25, 2010
  • Previous Sale Contract Date: Feb 12, 2010
  • Previous Sale Amount: $546,000
  • 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:

$532,000

Sale Price/ft²

$371

Below Asking

0.02%

Average Days on Market

77

Average Home Size

1693 ft²

Average Home Age

31.7 years

Currently For Sale

536 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

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ECAR

Listed by: Robin A Lee, Florida Sales Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 982314
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 516 Sibert Avenue built and last sold?
The property at 516 Sibert Avenue was built in 2017 and last sold on Oct 5, 2017 for $439,900.
How much is this home worth?
The estimated value of the home located at 516 Sibert Avenue is $0.
What are some comparable homes to 516 Sibert Avenue?
There are currently no comparable homes to 516 Sibert Avenue.
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