522 Norriego Road
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%.
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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 |
|---|---|---|---|
| Jun 19, 2019 | Sold | ||
| Sold | |||
| May 22, 2019 | No longer available | - | |
| No longer available | |||
| Aug 23, 2018 | Relisted | $1,850,000 | |
| Relisted | |||
| Jul 31, 2017 | Listed | $1,999,999 | |
| Listed | |||
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This custom-built, canal-front beauty is the perfect place to store your boat and enjoy the perks of living on the water in the heart of Destin. Watch the fireworks from multiple balconies and enjoy the 75ft dock and boatlift that accommodates up to a 30ft boat. The fabulous heated salt-water pool, hot tub and outdoor living area, complete with built-in grill and coral stone pavers, complement the outdoor lifestyle. As you walk through the custom wood doors, you are greeted by a double row of curved, canal-front windows extending the height of the 22ft ceiling. Imported Marbella shell stone adorns the floors, while painted coffered ceilings add architectural interest. The dramatic gas fireplace encased by built-in cabinetry and beautiful surround extending to the ceiling is a focal point. With cherry cabinets, beautiful granite counters and high-end appliances including a Wolf 6-burner range with double ovens, Bosch dishwasher, Fisher Paykel dishwasher drawer, wine cooler and Viking stainless refrigerator, large walk-in pantry, breakfast bar, and dining area, the chef's kitchen will delight the epicurean in your family. Also on the first floor, there is a formal dining room, a game room, a half bath and a laundry room with cabinets, a laundry shoot and an extra refrigerator. The beautiful curved stairway with iron railing leads to the second floor with three guest suites. There is also an office or den on this level. You will also enjoy Gulf views from the large second floor balconies. The third floor boasts a large master bedroom with sweeping views of the harbor and Gulf. The large master bath includes a jetted tub, large walk-through shower with double showerheads, and double vanities with unique Rainforest Brown granite. There are his and hers walk-in closets with custom cabinets and shelving. A morning coffee bar complete with a sink and refrigerator allows easy access for that first cup of coffee to be enjoyed on the balcony. Also on this level are other rooms that could be used for a hobby room, exercise room, office and bedrooms. The spiral staircase on the balcony leads to a rooftop deck with amazing views of the harbor, Gulf and East Pass. Additional custom features include an elevator, smart house wiring, Brazilian cherry hardwood floors on the second and third floors, faux finishes, generator wiring, three AC units and vessel sinks. The first level of the home is concrete block up to 12' and was built on 90 pilings. Take your boat to Crab Island, the Harbor or the Gulf and enjoy waterfront living at its finest. The manager has listed the unit size as 6099 square feet.
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| Jun 15, 2017 | Listed by Keller Williams Realty Destin | $1,850,000 | |
| Listed by Keller Williams Realty Destin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017