748 Spring Lake Drive
About This Property
Sellers will be reviewing all offers this evening. Please ensure your client's strongest terms are submitted by the deadline.
Charming Destin Home on Oversized Corner Lot - Move-In Ready with Major Upgrades!
Welcome to your slice of paradise in the heart of Destin! Situated on a spacious corner lot, this well-maintained single-family home offers over 1,800 square feet of living space, featuring 3 large bedrooms and 2 full bathrooms - perfect for families, first-time buyers, or savvy investors.
Enjoy the peace of mind that comes with a brand-new roof, fresh interior paint throughout, a whole-house generator, and a HALO air purification system on the HVAC ->> all the heavy lifting has been done for you!
Step outside to your private backyard oasis, complete with fruit-bearing trees and plenty of space to entertain or garden.
Centrally located with easy access to schools, shopping, dining, and Destin's world-famous beaches, this home checks all the boxes for comfort, convenience, and coastal living in one of Destin's most desirable locations!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Aug 12, 2025 | In contract | - | |
| In contract | |||
| Aug 4, 2025 | Listed by The Premier Property Group | $395,000 | |
| Listed by The Premier Property Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017