$1,200,000
●
Condo -
Off Market
720 Gulf Shore Drive #UNIT708
Destin, FL 32541
3 Beds
3 Baths
2,380 Ft²
$2,187,222
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model
About This Property
RARE OPPORTUNITY TO OWN END UNIT AT OCEANIA--2380 SQ FT WITH 320 SF
SOUTH BALCONY AND 120 SF ON NORTH SIDE SHARED BY TWO GUEST
BEDROOMS-OVERLOOKING HARBOR. ABSOLUTELY BEAUTIFUL CONTEMPORARY
STYLE UNIT NEVER RENTED. SS APPLICANCES EXCEPT FOR W/D (AS IS BUT
WORKS). 40' BALCONY WITH 60' GLASS ACROSS THE SOUTH SIDE OF THE
UNIT. THESE UNITS DO NOT COME ON THE MARKET VERY OFTEN AT ALL SO
IMPORTANT TO ACT QUICKLY IF INTERESTED. Oceania has 574' private
beach for only 71 units. Each unit has storage and covered parking.
Some personal items do not convey. Storm shutters on north balcony.
Unit Size
2,380 Ft²
Days on Market
-
Land Size
-
Price per sqft
$544
Property Type
Condo
Property Taxes
$714
HOA Dues
$3,000
Year Built
-
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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 #756152)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 11, 2016 | Sold | ||
| Sold | |||
| Jun 30, 2016 | Listed by Pat Guidry Agency Inc | $1,295,000 | |
| Listed by Pat Guidry Agency Inc | |||
Property Highlights
Parking Available
Garage
Elevator
With View
Parking Details
Parking Features: Carport, See Remarks
Interior Details
Bedrooms: 3
Full Bathrooms: 3
Interior Features: Breakfast Bar, Ceiling Raised, Elevator, Floor Tile, Furnished - All, Lighting Recessed, Owner's Closet, Pantry, Plantation Shutters, Split Bedroom, Walls Mirrored, Wet Bar, Window Treatment All
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Ice Machine, Microwave, Oven Self Cleaning, Range Hood, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Washer, Wine Refrigerator
Rooms: 10
Exterior Details
Property Condition: Construction Complete
Year Built: 1996
Window Features: Double Pane Windows
Construction Materials: Concrete, Foundation On Piling, Roof Membrane, Siding EIFS
Pool Features: Pool Type
Financial Details
Tax Year: 2015
Tax Annual Amount: $8,562
Utilities Details
Cooling Type: Ceiling Fan(s)
Heating Type: Heat Pump Air To Air, Central
Utilities: Electric, Public Sewer, Public Water, TV Cable
Location Details
Association Fee Includes: Accounting, Ground Keeping, Licenses/Permits, Sewer, Water, Cable TV, Trash
Association Fee Frequency: Quarterly
Association Fee2: $3,000
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/02/2025
|
3 Bed
|
3 Bath
|
-
|
$1,950,000
3 Bed
3 Bath
|
$1,840,000
-5.64%
05/30/2025
|
Dale Marie Martinez
Scenic Real Estate
| |
|
12/01/2023
|
3 Bed
|
3 Bath
|
1988 ft²
|
$1,950,000
3 Bed
3 Bath
1988 ft²
|
-
-
|
Dale Marie Martinez
Scenic Real Estate
| |
|
10/19/2021
| |
3 Bed
|
3 Bath
|
1988 ft²
|
$2,200,000
3 Bed
3 Bath
1988 ft²
|
-
-
|
Beau Blankenship
Christies International Real Estate Emerald Coast
|
|
10/25/2019
|
3 Bed
|
3 Bath
|
1969 ft²
|
$1,095,000
3 Bed
3 Bath
1969 ft²
|
$925,000
-15.53%
12/27/2019
|
Carole S Pleasants
| |
|
04/27/2019
|
3 Bed
|
3 Bath
|
1989 ft²
|
$949,000
3 Bed
3 Bath
1989 ft²
|
$1,050,000
+10.64%
11/18/2019
|
Cindy Cole
| |
|
06/30/2016
|
3 Bed
|
3 Bath
|
2380 ft²
|
$1,295,000
3 Bed
3 Bath
2380 ft²
|
$1,200,000
-7.34%
08/11/2016
|
Roland Guidry
Pat Guidry Agency Inc
| |
|
08/09/2015
|
3 Bed
|
3 Bath
|
1989 ft²
|
$870,000
3 Bed
3 Bath
1989 ft²
|
$840,000
-3.45%
03/15/2016
|
Roland Guidry
Pat Guidry Agency Inc
| |
|
11/06/2014
|
3 Bed
|
3 Bath
|
1988 ft²
|
$895,000
3 Bed
3 Bath
1988 ft²
|
$872,500
-2.51%
12/05/2014
|
Roland Guidry
Pat Guidry Agency Inc
| |
|
10/10/2013
|
3 Bed
|
3 Bath
|
1969 ft²
|
$810,000
3 Bed
3 Bath
1969 ft²
|
$765,000
-5.56%
01/07/2014
|
Gerry Roy
Gerry Roy Agency
| |
|
04/24/2012
|
3 Bed
|
3 Bath
|
1988 ft²
|
$795,000
3 Bed
3 Bath
1988 ft²
|
$720,000
-9.43%
06/27/2012
|
Casey Joiner
Scenic Sotheby's International Realty
|
Building Info
About Destin
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Listed by: Patricia A Guidry, Pat Guidry Agency Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 756152
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 756152
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