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Destin 32541 Destin Harbor
720 Harbor Boulevard
$750,000
● House - Off Market

720 Harbor Boulevard

Destin, FL 32541
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,195 Ft²
$1,188,121
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

This quintessential beach bungalow sits perched upon one of the highest points in Destin overlooking the harbor and Gulf of Mexico. It was built in 1962 and remodeled and expanded in 1997. This home can be the place of your dreams in the historic harbor area directly in the heart of Destin. Dock with 3 boat slips and a boat lift.
Unit Size
2,195 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$342
Property Type
House
Property Taxes
$436
HOA Dues
-
Year Built
1962

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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 #764857)

Price History

Date / Event Date Event Price
Mar 30, 2020 Sold
Premium
Sold
Mar 9, 2020 No longer available -
No longer available
Dec 11, 2019 Price Decreased $999,000
↓ $151K (13.1%)
Price Decreased
Jul 31, 2019 Price Decreased $1,150,000
↓ $45K (3.8%)
Price Decreased
May 10, 2019 Listed by The Real Estate Market Inc $1,195,000
Listed by The Real Estate Market Inc
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,404
  • Lot Size Depth Feet: 2,100
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,796
  • Gross Building Area: 2,796
  • Building Area: 2,195
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,195
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAST PASS 2ND ADD
  • Land Acres: 0000000262
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EAST PASS 2ND ADD REVISED LOT 5 BLK L

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0701-000L-0050
  • Block: L
  • Lot: 5
  • Municipality: DESTIN
  • Latitude: 30.3903
  • Longitude: -86.4889

    Address

  • Full Address: 720 Harbor Blvd
  • Address - House Number: 720
  • 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: 2,345
  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 1,175,929
  • High Value: 1,406,677
  • Low Value: 945,180

    Market Valuation

  • Market Total Value: $1,030,026
  • Market Land Value: $542,176
  • Market Improvement Value: $487,850

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $698,309

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 27, 2020
  • Current Sale Recording Date: Mar 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3348274
  • Previous Sale Recording Date: Dec 27, 2017
  • Previous Sale Contract Date: Dec 22, 2017
  • Previous Sale Amount: $750,000
  • 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 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: Alicelyn W Hudson, The Real Estate Market Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 764857
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 720 Harbor Boulevard built and last sold?
The property at 720 Harbor Boulevard was built in 1962 and last sold on Mar 27, 2020 for $925,000.
How much is this home worth?
The estimated value of the home located at 720 Harbor Boulevard is $0.
What are some comparable homes to 720 Harbor Boulevard?
There are currently no comparable homes to 720 Harbor Boulevard.
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