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$153,000
● Condo - Off Market

#309

Destin, FL
bedrooms
1 Bed
bathrooms
1 Bath
square feet
608 Ft²
$329,252
RealtyHop Estimate
105.78%
Since Apr 1, 2013
National-US
Primary Model

About This Property

Gulf front views for a Gulf view price!!! Fantastic views from this third-floor unit! Property has been maintained in great shape and would make a great second home or investment property. Properties in your generate between 12,000.00 And 18,000.00 in rental income. This complex is conveniently located between shopping and restaurants in just a few steps to the beach... Building has been well maintained and has recently had many upgrades; including new balconies, new paint around pool deck, new stair railings and much more....
Unit Size
608 Ft²
Days on Market
-
Land Size
-
Price per sqft
$263
Property Type
Condo
Property Taxes
-
HOA Dues
$395
Year Built
-

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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 #589449)

Price History

Date / Event Date Event Price
Mar 15, 2013 Sold
Premium
Sold
Jan 11, 2013 Listed by Aquatic Residential Leasing $160,000
Listed by Aquatic Residential Leasing

Property Highlights

Air Conditioning
Parking Details
Parking Features: Guest, Other
Interior Details
Bedrooms: 1
Full Bathrooms: 1
Interior Features: Floor Vinyl, Floor WW Carpet, Furnished - None
Appliances: Dishwasher, Disposal, Microwave, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric
Rooms: 3
Exterior Details
Property Condition: Construction Complete
Year Built: 1993
Window Features: Double Pane Windows
Construction Materials: Foundation On Piling, Frame, Vinyl Siding
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Utilities: Electric, Phone, Public Sewer, Public Water, TV Cable
Location Details
Association Fee Includes: Accounting, Ground Keeping, Insurance, Sewer, Water, Trash
Association Fee Frequency: Monthly
Association Fee2: $395

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Similar Homes for Sale

Currently no similar homes around
ECAR

Listed by: Shannyn P Stevenson, Aquatic Residential Leasing
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 589449
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.
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