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Destin 32541 Destin Harbor
702 Harbor Boulevard
$1,600,000
● House - Off Market

702 Harbor Boulevard

Destin, FL 32541
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,740 Ft²
$9,706
Est. Monthly
0.69%
Cap Rate

About This Property

Harbor Living on this beautiful lot, this home is ready for a complete remodel for your own style.   This home has been taken down to the studs and ready for your own remodeling touches. There is a home with 1344 sq ft and a guest house with 317 sq ft.
Unit Size
1,740 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$1,029
Property Type
House
Property Taxes
$917
HOA Dues
-
Year Built
1947

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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 #967306)

Price History

Date / Event Date Event Price
Feb 21, 2025 Sold
Premium
Sold
Feb 17, 2025 In contract -
In contract
Jan 29, 2025 Listed by Berkshire Hathaway HomeServices $1,790,000
Listed by Berkshire Hathaway HomeServices
Sep 29, 2022 Sold
Premium
Sold
Aug 27, 2022 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 1
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 89
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 23,869
  • Lot Size Depth Feet: 3,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,678
  • Gross Building Area: 2,678
  • Building Area: 1,740
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,740
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAST PASS ADD
  • Land Acres: 0000000548
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EAST PASS ADD E 10 FT OF LOT 2 & LOT 3 & W 15 FT OF LOT 4

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023303

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0700-000F-0030
  • Block: F
  • Lot: 2,3,4
  • Municipality: DESTIN
  • Latitude: 30.3905
  • Longitude: -86.49

    Address

  • Full Address: 702 Harbor Blvd
  • Address - House Number: 702
  • Address - Street Name: Harbor
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Destin
  • Carrier Code: C026
  • 4-Digit Zip Code: 2506
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,201
  • Tax Year: 2023
  • Tax Amount: $1,302,181
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.0808
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 94
  • Final Value: 1,470,583
  • High Value: 1,589,467
  • Low Value: 1,351,699

    Market Valuation

  • Market Total Value: $1,090,037
  • Market Land Value: $959,191
  • Market Improvement Value: $130,846

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,090,037
  • Assessed Land Value: $959,191
  • Assessed Improvements Value: $130,846

    Sales

  • Current Sale Contract Date: Sep 26, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3581944
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 Destin Harbor

Stats & Trends

Median Asking:

$62,500

Sale Price/ft²

$37

Below Asking

0.02%

Average Days on Market

45

Average Home Size

1951 ft²

Average Home Age

22.7 years

Currently For Sale

84 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

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ECAR

Listed by: Janie M McDonald, Berkshire Hathaway HomeServices
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 967306
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 702 Harbor Boulevard built and last sold?
The property at 702 Harbor Boulevard was built in 1947 and last sold on Sep 26, 2022 for $1,250,000.
How much is this home worth?
The estimated value of the home located at 702 Harbor Boulevard is $0.
What are some comparable homes to 702 Harbor Boulevard?
There are currently no comparable homes to 702 Harbor Boulevard.
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