For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Destin 32541 Moreno Point North
627 Calhoun Avenue
$1,650,000
● Land - Off Market

627 Calhoun Avenue

Destin, FL 32541
bedrooms
Studio
bathrooms
0 Bath
$9,955
Est. Monthly

About This Property

**NEW LISTING** NO HOA! Extraordinary 1+ acre parcel expanding 90' along the scenic shores of the Choctawhatchee Bay in Destin, Florida! This quintessential old Florida property contains an historic cottage constructed in 1929, while the indigenous landscape provides a fabulous canopy of legacy trees gracing the nostalgic homestead. This rare waterfront parcel, showcasing a breathtaking view corridor across the beautiful bay waters, would accommodate a phenomenal custom family compound.  Please inquire to coordinate a private showing. Please do not trespass on the subject property without being accompanied by the listing agent(s).
Unit Size
-
Days on Market
130 days
Land Size
1.03 acres
Price per sqft
-
Property Type
Land
Property Taxes
$380
HOA Dues
-
Year Built
1929

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #950661)

Price History

Date / Event Date Event Price
Oct 1, 2024 Sold
Premium
Sold
May 24, 2024 Listed by Somers & Company $1,950,000
Listed by Somers & Company
Oct 28, 2010 Sold
Premium
Sold
Sep 18, 2006 Sold
Premium
Sold

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 10
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,704
  • Lot Size Frontage Feet: 900
  • Total Building Area: 956
  • Gross Building Area: 956
  • Building Area: 884
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 884
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DESTIN M/P
  • Land Acres: 0000000636
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: DESTIN M/P W1/2 OF LOT 21A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023306

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0630-0000-21A0
  • Lot: 21A
  • Municipality: DESTIN
  • Latitude: 30.4129
  • Longitude: -86.4966

    Address

  • Full Address: 627 Calhoun Ave
  • Address - House Number: 627
  • Address - Street Name: Calhoun
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Destin
  • Carrier Code: C012
  • 4-Digit Zip Code: 1656
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 924
  • Tax Year: 2023
  • Tax Amount: $455,554
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1293
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 85
  • Final Value: 792,561
  • High Value: 895,041
  • Low Value: 690,081

    Market Valuation

  • Market Total Value: $698,689
  • Market Land Value: $658,763
  • Market Improvement Value: $39,926

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $419,875

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 27, 2010
  • Current Sale Recording Date: Oct 28, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 2667032
  • Previous Sale Recording Date: Sep 18, 2006
  • Previous Sale Contract Date: Jan 20, 2006
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 71
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 Moreno Point North

Stats & Trends

Median Asking:

$2,190,000

Sale Price/ft²

$595

Below Asking

0.07%

Average Days on Market

135

Average Home Size

4859 ft²

Average Home Age

38 years

Currently For Sale

1 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

Click here to view more rentals in the neighborhood.
ECAR

Listed by: John Paul Somers, Somers & Company
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 950661
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 627 Calhoun Avenue built and last sold?
The property at 627 Calhoun Avenue was built in 1929 and last sold on Oct 27, 2010 for $100,000.
How much is this home worth?
The estimated value of the home located at 627 Calhoun Avenue is $2,014,950.
What are some comparable homes to 627 Calhoun Avenue?
There are currently no comparable homes to 627 Calhoun Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Destin Homes for Sale
Destin Houses for Sale
Destin Condos for Sale
Destin Townhouses for Sale
Destin Land for Sale
Destin Homes with Basements
Destin Homes with Pools
Destin Homes with Parking
Nearby Cities
Miramar Beach Homes for Sale
Wright Homes for Sale
Fort Walton Beach Homes for Sale
Lake Lorraine Homes for Sale
Ocean City Homes for Sale
Cinco Bayou Homes for Sale
Shalimar Homes for Sale
Nearby Property Records
Okaloosa County, FL Property Records
Walton County, FL Property Records
Santa Rosa County, FL Property Records
Washington County, FL Property Records
Bay County, FL Property Records
Holmes County, FL Property Records
Escambia County, FL Property Records
Covington County, AL Property Records
Neighborhoods
Santa Rosa Island Real Estate
Downtown Destin Real Estate
Crystal Beach Real Estate
Port Dixie Real Estate
Destin Harbor Real Estate
Seabreeze Real Estate
Northwest Real Estate
Oakland Real Estate
Nearby Counties
Fort Walton Beach Homes for Sale
Top Real Estate Agents
Top Agents in Moreno Point North
Top Agents in Destin
Top Agents in Fort Walton Beach
Top Agents in 32541
Top Agents in Miramar Beach
Top Agents in 32550
Top Agents in 32548
Top Agents in Wright