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77 Mark Street
About This Property
Located in the highly desirable Crystal Beach community, this exceptional three-story coastal retreat offers a rare ''two homes in one'' configuration just under one block from Destin's renowned white-sand beaches. The property includes a golf cart, making beach access and cruising the neighborhood effortless and convenient.
The main residence features 4 bedrooms, while a separate 2-bedroom carriage house provides additional privacy and flexibility, perfect for multi generation living, hosting guests, or maximizing rental income. Together the property comfortably accommodates up to 18 guests, making it perfectly suited for both personal enjoyment and strong short-term rental performance. Designed for coastal living & entertaining, the home offers multiple outdoor spaces including four private balconies, peek-a-boo Gulf views from the third level, and a fully fenced backyard with a heated pool & expansive deck. The thoughtfully designed interior spans three levels and features multiple en-suite bedrooms, a third-floor loft with kitchenette, and open-concept living, dining, and kitchen areas ideal for gathering.
The carriage house includes two bedrooms, a full bathroom, walk-in closet, and kitchenette ,providing a private retreat for extended stays or guest accommodations. Additional highlights include ample parking and generous storage throughout.
From an investment standpoint, the property has demonstrated strong rental performance, generating $163K in rental income in 2025, with $109K already booked for 2026 to date. Centrally located near Destin's premier dining, shopping, and entertainment, this home delivers an exceptional blend of coastal lifestyle, prime location and proven income potential in one of the area's most sought-after beach neighborhoods.
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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 |
|---|---|---|---|
| May 26, 2026 | Price Decreased |
$1,940,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
| May 21, 2026 | Relisted | $1,945,000 | |
| Relisted | |||
| Apr 7, 2026 | In contract | - | |
| In contract | |||
| Mar 17, 2026 | Price Decreased |
$1,945,000
↓ $50K
(2.5%) | |
| Price Decreased | |||
| Feb 9, 2026 | Listed by EXP Realty LLC | $1,995,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017