40
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81 Mark Street
About This Property
Offering 2,874 square feet with five bedrooms and four full baths, the fully furnished residence is equally suited to memorable beach escapes, extended stays and continued use as a vacation rental. The thoughtfully arranged floor plan provides ample room for family and guests across three levels. The main residence features four bedrooms and three baths, with open living, dining, and kitchen spaces that create a comfortable central gathering place. Gulf views add a distinctly coastal backdrop, while multiple levels let larger groups spread out without sacrificing connection.
A detached guest house adds another dimension to the property, offering a private bedroom, full bath and kitchenette separate from the main residence. Ideal for extended family, guests or groups traveling together, this additional space provides privacy and flexibility that can be especially valuable in a vacation home.
Outdoors, the private in-ground heated pool serves as the centerpiece of the home's leisure space. An open patio provides room to relax between trips to the beach, dine outdoors or spend an afternoon poolside.
The expansive 50-by-150-foot homesite also offers four driveway parking spaces, providing convenient accommodations for owners and guests.
Known to vacation guests as Coastal Fantasea, the property has established a strong presence on airBnB. Its location places the beach within an approximately three- to five-minute walk while Henderson Beach State Park, shopping, dining and entertainment are all conveniently nearby.
Fully furnished and positioned for continued vacation rental use, the home offers an appealing opportunity for buyers seeking both personal enjoyment and investment potential. With five bedrooms, separate guest accommodations, a private heated pool, gulf views, no HOA dues and the beach just moments away, this Crystal Beach property captures the flexibility and ease of a well-appointed Destin coastal retreat.
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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 |
|---|---|---|---|
| Sep 5, 2026 | Listed by Scenic Sotheby's International Realty | $1,650,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Mar 26, 2026 | Listed by Newman Dailey Resort Properties | $1,750,000 | |
| Listed by Newman Dailey Resort Properties | |||
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Welcome to Coastal Fantasea, a stunning three-story beach home in the heart of Crystal Beach--designed for exceptional living and strong short-term rental performance, with NO HOA dues.
Projected rental potential up to $160,000 in gross annual income.
This beautifully appointed property features 5 bedrooms across the main house and private guest house, offering a highly desirable layout for maximizing occupancy and rental income. The spacious, flexible floor plan comfortably accommodates large groups--an ideal setup for a successful vacation rental.
The main home showcases a bright, open-concept living, dining, and kitchen area--perfect for entertaining. The kitchen is equipped with stainless steel appliances, custom cabinetry, and granite countertops, while the living area is filled with natural light and inviting gathering space. The main level also includes a convenient half bath and laundry room.
The second floor hosts the primary suite with a private bath and balcony access, along with two additional guest rooms--each with ensuite baths for added privacy and guest comfort. The third floor adds even more versatility with an additional sleeping area and access to a rooftop sundeck.
Outdoor living is a standout feature, highlighted by a private lagoon-style pool, lush tropical landscaping, spacious patio, and grilling area--perfect for relaxing or entertaining. Multiple balconies and an observation deck offer additional outdoor space to enjoy coastal breezes.
The separate guest house adds significant value, featuring its own living area, kitchenette, bedroom, and full bath--ideal for extended family, guests, or additional rental income.
Located in the highly sought-after Crystal Beach community, you're just a short walk or golf cart ride to the beach, Destin Commons, dining, shopping, and entertainment.
Sold fully furnished and rental-ready, this property presents an exceptional opportunity as a primary residence, second home, or high-performing investment.
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| Mar 9, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017