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Destin 32541 Kell-Aire Gardens
871 Kell-Aire Drive
$525,000
● House - Off Market

871 Kell-Aire Drive

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$2,886
Est. Monthly
3.95%
Cap Rate

About This Property

Nestled in Kell-Aire Gardens, this charming Destin home offers a prime location near parks and amenities. Built in 1993, it features 3 bedrooms and 2.5 bathrooms, sitting on a 1/4 acre lot with a fenced backyard, pool, and putting green. The spacious kitchen provides ample storage and direct access from the 2-car garage. Upstairs, find generously sized bedrooms and a convenient laundry room. The yard features mature trees and sago palms, with a well/sprinkler system to help maintain its beauty. Enjoy comfort with two A/C zones and a whole-home rain soft water conditioning system.
Unit Size
-
Days on Market
39 days
Land Size
0.27 acres
Price per sqft
-
Property Type
House
Property Taxes
$185
HOA Dues
-
Year Built
1993

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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 #952804)

Price History

Date / Event Date Event Price
Sep 30, 2024 Sold
Premium
Sold
Jun 19, 2024 Listed by EXP Realty LLC $550,000
Listed by EXP Realty LLC
Nov 30, 2016 Sold
Premium
Sold
Sep 30, 2016 Listed by EXP Realty LLC $275,000
Listed by EXP Realty LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 21
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,655
  • Lot Size Frontage Feet: 1,030
  • Total Building Area: 2,705
  • Gross Building Area: 2,705
  • Building Area: 2,058
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,058
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AIR GARDENS
  • Land Acres: 0000000268
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: KELL-AIR GARDENS LOT 41 BLK A

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-3090-000A-0410
  • Block: A
  • Lot: 41
  • Municipality: DESTIN
  • Latitude: 30.399
  • Longitude: -86.4771

    Address

  • Full Address: 871 Kell Aire Dr
  • Address - House Number: 871
  • Address - Street Name: Kell Aire
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C030
  • 4-Digit Zip Code: 2619
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,349
  • Tax Year: 2023
  • Tax Amount: $231,185
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1957
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 564,987
  • High Value: 675,557
  • Low Value: 454,416

    Market Valuation

  • Market Total Value: $428,225
  • Market Land Value: $117,943
  • Market Improvement Value: $310,282

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $297,276

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 28, 2016
  • Current Sale Recording Date: Nov 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3104300
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: Jadon R Edwards, EXP Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 952804
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 871 Kell Aire Drive built and last sold?
The property at 871 Kell Aire Drive was built in 1993 and last sold on Nov 28, 2016 for $275,000.
How much is this home worth?
The estimated value of the home located at 871 Kell Aire Drive is $0.
What are some comparable homes to 871 Kell Aire Drive?
There are currently no comparable homes to 871 Kell Aire Drive.
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