35
Map
73 Lands End Drive
About This Property
It is easy to imagine the home taking shape here. Morning light across the Gulf. Boats moving through East Pass. Late afternoons spent watching the shoreline change color as the sun drops lower. Terraces, outdoor living spaces, and interiors can all be oriented around the water, allowing the view to become part of the architecture itself.
An easement provides access to Destin Pointe's elevated negative-edge pool, positioned above the beach and designed to take in the surrounding coastal landscape. The community also offers swimming pools, tennis courts, a beach pavilion, trolley service, and access to expansive stretches of sugar-white sand.
The location near the Destin jetties adds another dimension to the setting, with fishing, snorkeling, boating, beach days, sunsets, and the movement of East Pass all woven into everyday life. Destin Harbor remains close at hand, connecting the property to dining, boating, and the broader lifestyle of one of Northwest Florida's best-known coastal destinations.
For a buyer looking to create a custom Gulf-front home in Destin Pointe, this homesite offers the kind of setting that is difficult to replicate: direct frontage, open sightlines, surrounding natural space, and a location shaped by three of Destin's defining waterways.
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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 |
|---|---|---|---|
| Oct 20, 2026 | Listed by Corcoran Reverie SRB | $6,975,000 | |
| Listed by Corcoran Reverie SRB | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017