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91 Stingray Street
About This Property
Extensive improvements have elevated both the functionality and appeal of the home, including all new flooring throughout the main residence, professional interior and exterior paint, and a fully updated main kitchen with new appliances. The former garage has been transformed into an impressive game room and guest sleeping area featuring a new full bathroom, dedicated sleeping space, plumbing for a secondary washer and dryer, a walk out door to the exterior, and a custom indoor and outdoor counter bar created through the garage door pass through, providing an ideal setting for entertaining and vacation rental guests.
The private carriage house further enhances the property's versatility with its own king bedroom, full bathroom, living area, updated kitchen, and new appliances. Outdoor spaces have also been refreshed with renovated and painted decks, a resurfaced pool, and newly finished pool deck, creating a resort style setting for lounging, dining, and gathering.
Offered turnkey with newer premium furnishings, this home is positioned for immediate enjoyment and continued rental performance. Just a short walk from Destin's sugar white beaches and minutes from popular dining, shopping, and entertainment, this distinctive Crystal Beach property offers a rare combination of location, guest focused amenities, substantial improvements, and established future rental demand.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 22, 2026 | Listed by Watersound Real Estate | $1,920,000 | |
| Listed by Watersound Real Estate | |||
| May 5, 2025 | Listed | $2,100,000 | |
| Listed | |||
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Welcome to 91 Stingray Street, affectionately known as The Lazy Pineapple—a vibrant 6-bedroom, 5-bathroom Florida cottage nestled in the heart of Destin's coveted Crystal Beach community. Just steps from the sugar-white sands and emerald waters of the Gulf Coast, this coastal retreat is your ticket to the ultimate beachside lifestyle.
Built in 2006, this two-story home boasts an open-concept layout with granite countertops, stainless steel appliances, and a spacious living area perfect for entertaining. The main house features two bedrooms on the first floor, including a fun bunk room, while the second floor offers two additional bedrooms and a luxurious master suite complete with a walk-in closet, sitting area, and private balcony.
Step outside to your private oasis—a 28x14 pool heated pool surrounded by lush landscaping, ideal for relaxing after a day at the beach. The detached carriage house provides additional living space with its own kitchen, master bedroom, bathroom, and balcony and game room with bar area overlooking the pool, making it perfect for guests or potential rental income.
Rental projection for 2025 is $215,000
This property is just a short stroll from local dining, shopping, and entertainment options, including the popular Destin Commons. Whether you're seeking a family vacation home, an investment property, or a permanent residence, The Lazy Pineapple offers the perfect blend of comfort, style, and location.
Don't miss out on this slice of paradisecontact your agent today to schedule a private tour and experience the best of Destin living!
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| Apr 21, 2022 | Sold | ||
| Sold | |||
| Apr 1, 2015 | Sold | ||
| Sold | |||
| Apr 2, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017