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$97,500
● Condo - Off Market

Destin, FL
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,013 Ft²
$181,127
RealtyHop Estimate
84.82%
Since Mar 1, 2015
National-US
Primary Model

About This Property

HUGE PRICE REDUCTION-- WALK TO THE BEACH--GREAT INVESTMENT PROPERTY OR PERMANENT RESIDENCE. This is a first floor-2 bedroom-2bath condo in a very desirable complex located in central Destin close to everything and only a short distance to the beach. This unit is sold unfurnished but all appliances transfer. Floors are all tile except for carpet in two bedrooms. There is a patio off the living area and a separate storage closet. This well maintained complex has a pool, community room, exercise room, and picnic pavilions with grills. This unit rents for $ 995/mo. DON'T WAIT--THESE ARE HIGHLY DESIREABLE UNITS WITH VERY FEW ON THE MARKET AT THIS TIME.
Unit Size
1,013 Ft²
Days on Market
-
Land Size
-
Price per sqft
$97
Property Type
Condo
Property Taxes
$72
HOA Dues
$2,340
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 #596817)

Price History

Date / Event Date Event Price
Feb 16, 2015 Sold
Premium
Sold
May 12, 2013 Listed by Era Emerald Coast Realty $98,000
Listed by Era Emerald Coast Realty

Property Highlights

Air Conditioning
Garage
Parking Details
Parking Features: Detached
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Interior Features: Floor Tile
Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer
Rooms: 7
Exterior Details
Property Condition: Construction Complete
Year Built: 1999
Construction Materials: Frame, Roof Metal, Slab
Financial Details
Tax Year: 2014
Tax Annual Amount: $868
Utilities Details
Cooling Type: Central Air
Utilities: Electric, Public Sewer, Public Water, TV Cable
Location Details
Association Fee Includes: Insurance, Land Recreation, Management, Recreational Faclty, Sewer, Cable TV, Trash
Association Fee Frequency: Annually
Association Fee2: $2,340

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

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ECAR

Listed by: Kimberley J Gibbons, Era Emerald Coast Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 596817
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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