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Destin 32541 Kell-Aire Gardens
801 Kell Aire Drive
$475,000
● House - Off Market

801 Kell Aire Drive

Destin, FL 32541
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$700,563
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Lakefront 4 bedroom, 3 bath home with a pool. Additional garage with bath could be transformed into an apartment for additional income, mother-in-law suite, or a coveted pool house. This home has a terrific floor plan that flows effortlessly while maintaining the outdoor lifestyle. Relax on your newly replaced dock while enjoying the breezes & nature watching. Binoculars-Plenty of wildlife to keep you entertained. From the comfort of your screened in porch, enjoy views of the lake & your sparkling blue pool. Additionally, the large deck along the back of home makes this the perfect home for entertaining. Master bedroom and one additional bedroom are downstairs. Freshly painted with new white wood trim & interior doors. Pool Pump, HVAC, & roof 2017, Pool Chlorinator 2019.
Unit Size
-
Days on Market
174 days
Land Size
0.47 acres
Price per sqft
-
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1987

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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 #831265)

Price History

Date / Event Date Event Price
May 19, 2021 Sold
Premium
Sold
Mar 12, 2020 Sold
Premium
Sold
Sep 7, 2019 Listed by Keller Williams Realty Destin $489,900
Listed by Keller Williams Realty Destin
Jan 26, 2018 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 125
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 20,408
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 4,448
  • Gross Building Area: 4,448
  • Building Area: 2,831
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,831
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AIR GARDENS
  • Land Acres: 0000000469
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: KELL-AIR GARDENS LOT 7 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023305

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-3090-000A-0070
  • Block: A
  • Lot: 7
  • Municipality: DESTIN
  • Latitude: 30.4023
  • Longitude: -86.4836

    Address

  • Full Address: 801 Kell Aire Dr
  • Address - House Number: 801
  • Address - Street Name: Kell Aire
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C030
  • 4-Digit Zip Code: 2601
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 3,527
  • Tax Year: 2023
  • Tax Amount: $683,542
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2629
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 62
  • Final Value: 765,268
  • High Value: 966,499
  • Low Value: 564,038

    Market Valuation

  • Market Total Value: $648,986
  • Market Land Value: $230,884
  • Market Improvement Value: $418,102

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $610,722

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 17, 2021
  • Current Sale Recording Date: May 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3456239
  • Previous Sale Recording Date: Mar 12, 2020
  • Previous Sale Contract Date: Mar 09, 2020
  • Previous Sale Amount: $475,000
  • 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 Kell-Aire Gardens

Stats & Trends

Median Asking:

$489,000

Sale Price/ft²

$295

Above Asking

0.00%

Average Days on Market

63

Average Home Size

1606 ft²

Average Home Age

43 years

Currently For Sale

1 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

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ECAR

Listed by: Crystal L Watkins, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 831265
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 801 Kell Aire Drive built and last sold?
The property at 801 Kell Aire Drive was built in 1987 and last sold on May 17, 2021 for $585,000.
How much is this home worth?
The estimated value of the home located at 801 Kell Aire Drive is $494,799.
What are some comparable homes to 801 Kell Aire Drive?
There are currently no comparable homes to 801 Kell Aire Drive.
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