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Destin 32541 Pine Ridge Trace
81 Pine Ridge Trace
$245,000
● House - Off Market

81 Pine Ridge Trace

Destin, FL 32541
bedrooms
1 Bed
bathrooms
3 Baths
$1,435
Est. Monthly
5.40%
Cap Rate

About This Property

NO HOA!

Large corner lot townhouse located in the heart of Destin. This townhouse has 1 bedroom, office with a full bathroom plus 2 full baths, open floor plan, and the unit is very clean. The unit features luxury vinyl plank throughout, fresh paint, light fixtures, inside the laundry room, ready to move in and enjoy the sunshine in the privately fenced backyard! Convenient to the Destin harbor, main street water park, schools, stores, and restaurants, the beautiful white sandy beaches, and military bases. NEW ROOF, NEW A/C.
Unit Size
-
Days on Market
71 days
Land Size
0.10 acres
Price per sqft
-
Property Type
House
Property Taxes
$212
HOA Dues
-
Year Built
1984

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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 #975587)

Price History

Date / Event Date Event Price
Jul 15, 2025 Sold
Premium
Sold
May 29, 2025 In contract -
In contract
May 20, 2025 Price Decreased $249,000
↓ $26K (9.5%)
Price Decreased
May 5, 2025 Listed by Keller Williams Realty Destin $275,000
Listed by Keller Williams Realty Destin
Sep 9, 2022 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 35
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,231
  • Total Building Area: 1,216
  • Gross Building Area: 1,216
  • Building Area: 1,204
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,204
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE RIDGE TRACE
  • Land Acres: 0000000097
  • Standard Land Use Code: 1001
  • County Land Use Code: 000109
  • State Land Use Code: 01
  • Legal Description 1: PINE RIDGE TRACE UNIT 81

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-2077-0000-0810
  • Municipality: DESTIN
  • Latitude: 30.4048
  • Longitude: -86.4787

    Address

  • Full Address: 81 Pine Ridge Trce
  • Address - House Number: 81
  • Address - Street Name: Pine Ridge
  • Address - Suffix Type: Trce
  • State: FL
  • City Name: Destin
  • Carrier Code: C008
  • 4-Digit Zip Code: 2048
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,208
  • Tax Year: 2023
  • Tax Amount: $248,746
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2115
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 293,303
  • High Value: 355,354
  • Low Value: 231,252

    Market Valuation

  • Market Total Value: $208,223
  • Market Land Value: $70,000
  • Market Improvement Value: $138,223

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $208,223
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $138,223

    Sales

  • Current Sale Contract Date: Jan 16, 2004
  • Current Sale Recording Date: Jan 21, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2089806
  • Previous Sale Recording Date: Jul 01, 2003
  • Previous Sale Contract Date: Jun 18, 2003
  • Previous Sale Amount: $66,700
  • 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 Pine Ridge Trace

Stats & Trends

Median Asking:

$239,500

Sale Price/ft²

$204

Above Asking

0.00%

Average Days on Market

27

Average Home Size

1106 ft²

Average Home Age

42 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

Rentals Near You

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ECAR

Listed by: HyoSun Choe-kelly, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 975587
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 81 Pine Ridge Trace built and last sold?
The property at 81 Pine Ridge Trace was built in 1984 and last sold on Jan 16, 2004 for $99,000.
How much is this home worth?
The estimated value of the home located at 81 Pine Ridge Trace is $251,490.
What are some comparable homes to 81 Pine Ridge Trace?
There are currently no comparable homes to 81 Pine Ridge Trace.
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