16
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608 Legion Drive
About This Property
ATTRACTIONS & CONVENIENCE: You are perfectly positioned to enjoy the best of the Emerald Coast. Spend your weekends exploring the vibrant Destin Harbor Boardwalk and HarborWalk Village, known for its waterfront dining, seasonal festivals, and the Destin Seafood Festival. For shopping and entertainment, Destin Commons and the legendary silver sands of Henderson Beach State Park are just a short drive away.
SCHOOLS & POTENTIAL: This property is zoned for highly-rated local schools, including Destin Elementary and Destin Middle School, with Fort Walton Beach High School and the tuition-free Destin High School (charter) nearby. The expansive backyard not only features the custom saltwater pool but also offers the specific square footage and zoning flexibility to build a carriage house, ADU (Accessory Dwelling Unit), or mother-in-law suiteadding instant equity and multi-generational living potential to your investment.
Highlights:
Water Access: Minutes to Bay & Gulf boat launches.
Schools: Zoned for Destin Elementary & Middle.
Freedom: Room for Boat/RV parking & future ADU expansion.
Vibe: Private resort-style living with zero HOA dues.
*Home is sold unfurnished. Photos with furniture are virtually rendered.
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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 |
|---|---|---|---|
| Feb 4, 2026 | Listed by EXP Realty LLC | $469,000 | |
| Listed by EXP Realty LLC | |||
| Jun 6, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017