610 Lagoon Drive
About This Property
Boating enthusiasts will appreciate the impressive private dock, accommodating up to a 70-foot vessel or configured as two slips with a 30,000-lb lift and a 15,000-lb lift - a rare and valuable feature in Holiday Isle.
Featuring four spacious bedrooms and thoughtfully designed indoor-outdoor living on both levels, this home is ideal for entertaining, relaxing, or maximizing rental potential. Each floor offers its own kitchen and living room, creating a flexible layout perfect for multi-generational living or a high-performing investment property.
Expansive outdoor living areas on both levels capture coastal breezes and water views, while the newly added pool provides a private oasis after a day at the beach or out on the water.
Whether you're seeking a primary residence, vacation retreat, or income-producing rental, this canal-front home delivers unmatched versatility, location, and waterfront convenience in one of Destin's most sought-after neighborhoods.
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 30, 2026 | In contract | - | |
| In contract | |||
| Mar 3, 2026 | Relisted | $1,050,000 | |
| Relisted | |||
| Feb 20, 2026 | In contract | - | |
| In contract | |||
| Feb 12, 2026 | Listed by Mainsail Realty Company | $2,399,000 | |
| Listed by Mainsail Realty Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017