$580,000
●
House -
Off Market
89 Matthew Boulevard
Destin, FL 32541
4 Beds
3 Baths
$903,851
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model
About This Property
Reduced $10,000! Located only steps from Destin's soft white sands,
this charming beach cottage would be ideal as a second home or
vacation rental. The PRIVATE POOL, an excellent rental history and
even better projections, all lend themselves for maximum return on
investment! This 4 bedroom/3 bath, 2-story home is conveniently
situated in Destin's serene Crystal Beach community, within blocks
from the Destin Commons, restaurants and unique Destin lifestyle!
Featuring granite counters in the kitchen and baths, open living
spaces, balconies overlooking a beautifully landscaped backyard for
entertaining, and cozy beach-themed dcor, all components of this
home combine to create the perfect beach get-away. Schedule your
showing appointment today! (Buyer to verify all fees & dimensions
Unit Size
-
Days on Market
181 days
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1993
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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: 6 months ago (ECAR #784944)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 28, 2025 | Sold | ||
| Sold | |||
| Jan 22, 2025 | In contract | - | |
| In contract | |||
| Jan 15, 2025 | Relisted | $1,099,000 | |
| Relisted | |||
| Jan 9, 2025 | In contract | - | |
| In contract | |||
| Dec 10, 2024 | Listed by Berkshire Hathaway HomeServices | $1,099,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
| | |||
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Discover the ultimate beach haven at 89 Matthew Blvd in the heart of Destin, Florida! Rental projection over $100K available upon request. Ideally situated just steps from the sugar-white sands and emerald waters of the Gulf, this home offers the perfect blend of prime location, comfort, and investment opportunity. Whether you're looking for a personal retreat or a vacation rental investment offering excellent income-generating potential, this property has it all.
Located in one of Destin's most sought-after areas, Crystal Beach is just minutes from world-class shopping, dining, and entertainment. Enjoy quick access to championship golf courses, premier retail destinations, and the best seafood restaurants the Gulf Coast has to offer.
This property boasts a large private pool, perfect for soaking up the Florida sun or hosting unforgettable gatherings.
This is your opportunity to own a piece of paradise in Destin. Don't miss out on this prime beachside gem with incredible potential for relaxation and revenue. Schedule your showing today!
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
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ft²
Price/ft²
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Asking Price
Listed On
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Closing Price
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HOA + Taxes
About Crystal Beach
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Currently no similar homes aroundNearby Rentals
Listed by: Dean Ladick, Keller Williams Realty Destin
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 784944
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 784944
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