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69 Pompano Street
About This Property
This is the beach investment everyone is watching. Located in the heart of highly desirable Crystal Beach, this 8BR/6.5BA coastal retreat sits on one of the largest lots in the neighborhood and is just a short stroll to the brand-new, expansive public beach access featuring bathrooms and a boardwalk, currently being developed by the City of Destin. This rare upgrade to the area makes this property even more valuable for both personal enjoyment and rental appeal.
The main home offers 6BR/4BA, while the luxurious 2BR/2.5BA cabana house creates the perfect setup for multiple families, large groups, or maximizing rental income. A true courtyard oasis sits between the two homes--complete with a private heated pool, oversized gas fire pit, brick-paver lounge and dining area, and a large screened-in porch overlooking it all. This is outdoor living at its finest.
Inside the main home, an open-concept living/dining/kitchen area welcomes you with abundant natural light from the bay windows. The kitchen features a spacious breakfast bar, stainless steel appliances, French-door refrigerator, and a gas range--ideal for hosting and entertaining.
Just steps to the Pompano Street beach access and the newly acquired large public beach, this location is about to become even more sought-after. With room to expand the guest house or add additional amenities, the upside potential is exceptional.
Plenty of parking. No HOA. Prime location. Massive lot. High-earning rental machine.
Opportunities like this don't sit long--secure your Crystal Beach investment before the new beach access opens and values climb. Reach out today to make this standout property yours.
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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 |
|---|---|---|---|
| Mar 18, 2026 | Price Decreased |
$2,470,000
↓ $120K
(4.6%) | |
| Price Decreased | |||
| Mar 13, 2026 | Listed by Coldwell Banker Realty | $2,590,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 1, 2021 | Sold | ||
| Sold | |||
| May 30, 2021 | No longer available | - | |
| No longer available | |||
| May 6, 2021 | Price Increased |
$1,825,000
↑ $28K
(1.6%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017