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Destin 32541 Crystal Beach
86 Cobia Street
$475,000
● House - Off Market

86 Cobia Street

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,130 Ft²
$878,551
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Turnkey Three story Beach house located approximately one block from the Gulf of Mexico! Views of the Gulf from the third floor balcony. Established rental history, home has been a vacation rental since 2003. Manicured lawn surrounds a sparkling private pool, privacy fenced back yard, pool deck, air conditioned pool house and covered patio. Three private bedrooms, and a bunk room offer plenty of room for guests. Fully furnished, this home has EVERYTHING a vacationer could imagine. Tile floors on first and second floor and low pile carpeting on third floor for ease of maintenance. New roof installed December 2012 with transferable warranty. Air handler and condenser within two years old. Updated baths/ open floor plan. Bookings to convey with purchase! Rentals booked thru summer.
Unit Size
2,130 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$232
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
1973

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 years ago (ECAR MLS #719664)

Price History

Date / Event Date Event Price
Jul 12, 2019 Sold
Premium
Sold
Aug 26, 2015 Sold
Premium
Sold
Dec 17, 2014 Listed by Keller Williams Realty Destin $495,000
Listed by Keller Williams Realty Destin

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 125
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,499
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,922
  • Gross Building Area: 2,922
  • Building Area: 2,130
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,130
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRYSTAL BEACH
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CRYSTAL BEACH LOTS 3 BLK 23

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0580-0023-0030
  • Block: 23
  • Lot: 3
  • Municipality: DESTIN
  • Latitude: 30.3841
  • Longitude: -86.4195

    Address

  • Full Address: 86 Cobia St
  • Address - House Number: 86
  • Address - Street Name: Cobia
  • Address - Suffix Type: St
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 3619
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,347
  • Tax Year: 2023
  • Tax Amount: $863,493
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 982,749
  • High Value: 1,175,591
  • Low Value: 789,908

    Market Valuation

  • Market Total Value: $818,482
  • Market Land Value: $513,822
  • Market Improvement Value: $304,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $818,482
  • Assessed Land Value: $513,822
  • Assessed Improvements Value: $304,660

    Sales

  • Current Sale Contract Date: Jul 12, 2019
  • Current Sale Recording Date: Jul 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3290965
  • Previous Sale Recording Date: Aug 26, 2015
  • Previous Sale Contract Date: Aug 21, 2015
  • Previous Sale Amount: $475,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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 Crystal Beach

Stats & Trends

Median Asking:

$1,050,000

Sale Price/ft²

$600

Below Asking

0.02%

Average Days on Market

80

Average Home Size

2435 ft²

Average Home Age

28.3 years

Currently For Sale

52 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: Sharon L Gross, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 719664
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 86 Cobia Street built and last sold?
The property at 86 Cobia Street was built in 1973 and last sold on Jul 12, 2019 for $595,000.
How much is this home worth?
The estimated value of the home located at 86 Cobia Street is $0.
What are some comparable homes to 86 Cobia Street?
There are currently no comparable homes to 86 Cobia Street.
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