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Destin 32541 Crystal Beach
64 COBIA Street
$1,100,000
● House - Off Market

64 COBIA Street

Destin, FL 32541
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,307 Ft²
$1,937,345
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

''Waters Edge is vacationers dream! 2015 income of over $111,000. $130,000 projected for 2016. Sleeps up to 18 with 5 bedrooms and 4.5 baths in the main house and 1 bedroom and sleeper couch in the Carriage House. A 2 car garage provides off street parking. Enjoy your own heated pool or walk across the street to beautiful sugar sands of the Gulf. Flat panel TV's and DVD's in every bedroom, indoor and outdoor surround sound, I-pod dock, not to mention the Home theater in the living room. A fireplace for cozy evenings and ocean views from the beautiful balconies. Centrally located in Destin you are minutes away from world class shopping fishing, golfing and dining. Come relax, listen to the ocean breezes or shop til you drop then visit one of the fine restaurants.
Unit Size
4,307 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$278
Property Type
House
Property Taxes
$602
HOA Dues
-
Year Built
1993

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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 MLS #747778)

Price History

Date / Event Date Event Price
Aug 4, 2021 Sold
Premium
Sold
Jun 1, 2020 Sold
Premium
Sold
May 19, 2017 Sold
Premium
Sold
Mar 3, 2016 Listed by Keller Williams Realty SRB $1,199,000
Listed by Keller Williams Realty SRB

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,499
  • Lot Size Frontage Feet: 500
  • Total Building Area: 5,495
  • Gross Building Area: 5,495
  • Building Area: 4,307
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,307
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRYSTAL BEACH
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CRYSTAL BEACH LOT 6 BLK 6

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0580-0006-0060
  • Block: 6
  • Lot: 6
  • Municipality: DESTIN
  • Latitude: 30.3825
  • Longitude: -86.4196

    Address

  • Full Address: 64 Cobia St
  • Address - House Number: 64
  • Address - Street Name: Cobia
  • Address - Suffix Type: St
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 3618
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 4,754
  • Tax Year: 2023
  • Tax Amount: $2,148,506
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2457
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 65
  • Final Value: 2,820,238
  • High Value: 3,513,441
  • Low Value: 2,127,035

    Market Valuation

  • Market Total Value: $1,908,422
  • Market Land Value: $616,587
  • Market Improvement Value: $1,291,835

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,908,422
  • Assessed Land Value: $616,587
  • Assessed Improvements Value: $1,291,835

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Aug 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3477743
  • Previous Sale Recording Date: Jun 01, 2020
  • Previous Sale Contract Date: May 28, 2020
  • Previous Sale Amount: $1,350,000
  • 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 Crystal Beach

Stats & Trends

Median Asking:

$1,075,000

Sale Price/ft²

$590

Below Asking

0.02%

Average Days on Market

79

Average Home Size

2694 ft²

Average Home Age

25.2 years

Currently For Sale

82 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

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ECAR

Listed by: Wanda L Pitts, Keller Williams Realty SRB
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 747778
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 64 Cobia Street built and last sold?
The property at 64 Cobia Street was built in 1993 and last sold on Jul 30, 2021 for $2,100,000.
How much is this home worth?
The estimated value of the home located at 64 Cobia Street is $0.
What are some comparable homes to 64 Cobia Street?
There are currently no comparable homes to 64 Cobia Street.
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