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Destin 32541 Crystal Beach
88 Cobia Street
$518,000
● House - Off Market

88 Cobia Street

Destin, FL 32541
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,833 Ft²
$903,601
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

Great 4 Bedroom Crystal Beach Home! House Has Gulf Views & A Private Swimming Pool. Nine Foot Ceilings, Two Bedrooms On Ground Floor, Kitchen Open To Dining And Living Room, & Nice Master Bedroom. All Furnishings & Accessories Remain. New Owner Could Keep It On The Rental Program, Use As A 2nd Home, Or Make It Your Primary Home. From The Balcony On The Third Floor Tower Room One Can See The Gulf Of Mexico. Beautiful And Nicely Sized Swimming Pool In The Back Yard. There May Be Room At The Rear Of This Large Lot To Construct A Guest/Pool House, Buyer's Are Encouraged To Verify With City. Room Dimensions Are Estimated & Should Be Verified By Buyer. Beach Access Is Just A Few Blocks Away & Easily Reached With A Short Walk. Call Today To See This Sweet Home In Crystal Beach!!
Unit Size
1,833 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$292
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
2003

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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 MLS #716796)

Price History

Date / Event Date Event Price
Aug 22, 2016 Sold
Premium
Sold
Oct 22, 2014 Listed by Newman Dailey Resort Properties $535,000
Listed by Newman Dailey Resort Properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 3
  • Garage Square Area: 162
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,499
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,032
  • Gross Building Area: 3,032
  • Building Area: 2,035
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,035
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRYSTAL BCH S/D
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CRYSTAL BCH S/D LOT 4 BLK 23

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0580-0023-0040
  • Block: 23
  • Lot: 4
  • Municipality: DESTIN
  • Latitude: 30.3842
  • Longitude: -86.4194

    Address

  • Full Address: 88 Cobia St
  • Address - House Number: 88
  • 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: 2,326
  • Tax Year: 2023
  • Tax Amount: $968,493
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 1,033,881
  • High Value: 1,236,756
  • Low Value: 831,006

    Market Valuation

  • Market Total Value: $941,655
  • Market Land Value: $513,822
  • Market Improvement Value: $427,833

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $941,655
  • Assessed Land Value: $513,822
  • Assessed Improvements Value: $427,833

    Sales

  • Current Sale Contract Date: Aug 16, 2016
  • Current Sale Recording Date: Aug 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3085179
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

2673 ft²

Average Home Age

25.1 years

Currently For Sale

82 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: Mark A DeSalvo, Newman Dailey Resort Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 716796
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 88 Cobia Street built and last sold?
The property at 88 Cobia Street was built in 2003 and last sold on Aug 16, 2016 for $518,000.
How much is this home worth?
The estimated value of the home located at 88 Cobia Street is $577,865.
What are some comparable homes to 88 Cobia Street?
There are currently no comparable homes to 88 Cobia Street.
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