59 Hidden Lakes Drive
About This Property
This charming open-concept home features raised ceilings that create a bright, spacious feel throughout. Enjoy upgraded granite countertops in the kitchen and bathrooms, along with easy-care tile flooring in every room.
A large laundry area and an attached 2-car garage add extra convenience and storage space. Outside, the low-maintenance yard means more time to enjoy the Destin lifestyle - and with NO HOA and short-term rentals allowed, this property offers excellent flexibility for homeowners and investors.
Move-in ready and close to everything Destin has to offer!
*Some photos have been virtually staged
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 29, 2025 | Sold | ||
| Sold | |||
| Dec 17, 2025 | In contract | - | |
| In contract | |||
| Dec 1, 2025 | Listed by Century 21 Wimco Realty Inc | $419,900 | |
| Listed by Century 21 Wimco Realty Inc | |||
| Oct 21, 2025 | In contract | - | |
| In contract | |||
| Sep 12, 2025 | Price Decreased |
$450,000
↓ $55K
(10.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017