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Destin 32541 Holiday Isle
605 Choctaw Dr
$1,250,000
● Land - Off Market

605 Choctaw Dr

Destin, FL 32541
bedrooms
Studio
bathrooms
0 Bath
$6,611
Est. Monthly
$473
HOA / Fees

About This Property

Calling all boaters and builders! Here is your opportunity to own one of the last remaining vacant lots in Holiday Isle. Enjoy 90 feet of canal frontage in the heart of Destin, offering quick access to Destin's ''East Pass'' and the Gulf of America.  Destin is known as the ''World's Luckiest Fishing Village.''  Schedule your showing today.
Unit Size
-
Days on Market
54 days
Land Size
0.27 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$473
Year Built
-

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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 #970575)

Price History

Date / Event Date Event Price
May 1, 2025 Sold
Premium
Sold
Apr 3, 2025 In contract -
In contract
Mar 8, 2025 Listed by EXP Realty LLC $1,250,000
Listed by EXP Realty LLC

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,698
  • Lot Size Frontage Feet: 900
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: HOLIDAY ISLE
  • Land Acres: 0000000269
  • Standard Land Use Code: 8000
  • County Land Use Code: 0000
  • State Land Use Code: 000000
  • Legal Description 1: HOLIDAY ISLE LOT 61 BLK E

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023303

Geography

  • Assessors Map Reference: 18
  • Parcel: 00-2S-24-2186-000E-0610
  • Block: E
  • Lot: 61
  • Municipality: DESTIN
  • Latitude: 30.3871
  • Longitude: -86.4925

    Address

  • Full Address: 605 Choctaw Dr
  • Address - House Number: 605
  • Address - Street Name: Choctaw
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C004
  • 4-Digit Zip Code: 3125
  • Zip Code: 32541

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $800,026
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 010

    Market Valuation

  • Market Total Value: $838,530
  • Market Land Value: $838,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $838,530
  • Assessed Land Value: $838,530
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 Holiday Isle

Stats & Trends

Median Asking:

$972,500

Sale Price/ft²

$542

Below Asking

0.02%

Average Days on Market

69

Average Home Size

2857 ft²

Average Home Age

39.2 years

Currently For Sale

22 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: Christian L Wade, EXP Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 970575
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 605 Choctaw Drive built and last sold?
The property at 605 Choctaw Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 605 Choctaw Drive is $0.
What are some comparable homes to 605 Choctaw Drive?
There are currently no comparable homes to 605 Choctaw Drive.
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