332B Calhoun Ave · Destin, FL 32541

$429,900

2 bd · 2.0 ba · 1,064 sqft · SingleFamily public records · 291 Days on market

Built 1969 6,534 sqft lot $404/sqft · 24% above area Est $630k · 32% under

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Schools +5.2/10.0
• Livability +4.0/5.0
• Cash flow +3.8/30.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +0.1/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seller offering credit toward buyer's closing costs or interest rate buy-down with acceptable offer or seller financing option with minimum 5% down. Located in the heart of Destin's harbor area, the property offers convenient access to beaches, restaurants, HarborWalk Village, marinas, dining, shopping, and recreational parks including Clement Taylor Park and Captain Leonard Destin Park. Joe's Bayou boat ramp is also nearby, providing quick access to Crab Island and the Gulf of America. With strong demand for Destin Florida real estate and limited inventory in this price range, this renovated home stands out as a competitively positioned option for buyers seeking value, location, and renovation quality in a coastal lifestyle setting. Whether you are searching for Destin homes for sale, investment property in Destin Florida, or a move-in ready coastal home near the beach. This property delivers flexibility and opportunity in one of the Emerald Coast's most established waterfront communities. Schedule your private showing today and explore the potential of this Destin harbor district home. in ready coastal home near the beach. This property delivers flexibility and opportunity in one of the Emerald Coast's most established waterfront communities. Schedule your private showing today and explore the potential of this Destin harbor district home.

Key facts

• Ample counter space
• New appliances
• Updated flooring

Tags

• COMPLETELY RENOVATED HOME
• UPDATED FLOORING
• OPEN-CONCEPT AREAS
• BEAUTIFULLY APPOINTED KITCHEN
• NEW APPLIANCES
• AMPLE COUNTER SPACE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $430k.

Deal economics

• At list price, monthly cash flow is $-1k ($-15k/yr) — negative.
• To cash-flow at today's rent, offer at most $250k (41.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $219k (49.0% below list).
• Recommended offer: $219k (49.0% below list) — sets the bar for 1% rule.
• Cap rate 2.8% vs local median 0.9% in Destin — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 79/100 on livability (#158 in FL, #2,247 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F, cost of living D-.
• Okaloosa (other): math 60% / reading 60% proficiency, ranked #12 of 73 in FL (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.7%/yr); 918 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,268 units permitted in Okaloosa County in 2024 (175 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
• Okaloosa County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 291 days — a 12% lower offer ($378k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 27y ago; this cycle's ask has dropped $69k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $300k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $219,102 (49.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 291 days. Have you received any prior offers? Is the seller open to a 49% concession, seller financing, or rate buy-down credit?
3. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.51% ✗
• Cap rate: 2.83%
• Cash-on-cash: -12.36%
• DSCR: 0.45
• GRM: 16.4

CMA / ARV

• ARV (median comp): $629,658
• List price: $429,900
• Delta: -31.72%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
44 Rue De Fecamp	0.51mi	2/2.0	1,042 (-2%)	10mo	$310,000	$298	64
331 Oleander Ave	0.36mi	3/2.0 (+1)	1,215 (+14%)	1mo	$449,000	$370	54
519 2nd Ave	0.66mi	2/1.0	1,026 (-4%)	8mo	$270,000	$263	52
3607 Goldsbys Way	0.57mi	2/2.0	1,196 (+12%)	6mo	$265,150	$222	48
514 Third Ave	0.61mi	3/2.0 (+1)	1,176 (+10%)	16mo	$415,000	$353	35
611 2nd St	0.70mi	3/2.0 (+1)	912 (-14%)	7mo	$250,000	$274	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.68% rent growth · sell at horizon

5-year hold

• IRR: -38.5%
• Equity multiple: -0.22×
• Total profit: $-147,099
• Equity at exit: $64,099

10-year hold

• IRR: -53.4%
• Equity multiple: -0.86×
• Total profit: $-223,375
• Equity at exit: $37,170

Cash invested: $120,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32541

• Rents YoY: 3.7%
• Active inventory: 918
• Price-to-rent: 16.4×

Monthly cashflow live

• Estimated rent: $2,191 high
• Mortgage (P&I): −$2,254
• Tax est. 1.5%: −$537 /mo · $6,448/yr
• Insurance: −$179
• HOA: −$0
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $-1,240

Break-even live

Break-even rent $3,761

Max offer price $250,465

Occupancy floor —

Sensitivity live

Price	-10% $-943	-5% $-1,091	+0% $-1,240	+5% $-1,389	+10% $-1,537
Rent	-10% $-1,413	-5% $-1,327	+0% $-1,240	+5% $-1,153	+10% $-1,067
Rate	-1.0pp $-1,024	-0.5pp $-1,131	base $-1,240	+0.5pp $-1,351	+1.0pp $-1,465

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $107,475
• Closing costs: $12,897
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
234 Pelican Pl Destin, FL	2.0	2.5	1332	$2,100	$1.58	45d	1	0.55mi
235 Pelican Pl #11 Destin, FL	2.0	2.5	1465	$2,400	$1.64	45d	1	0.57mi
100 Gulf Shore Dr #104 Destin, FL	2.0	2.0	1100	$3,200	$2.91	45d	1	1.01mi
710 Legion Dr Unit O2 Destin, FL	2.0	1.0	898	$1,600	$1.78	45d	1	1.04mi
710 Legion Dr Unit O2 Destin, FL	2.0	1.0	898	$1,450	$1.61	22d	1	1.04mi
204 Ann Cir Unit C Destin, FL	2.0	1.0	1000	$1,550	$1.55	45d	1	1.06mi
710 Legion Dr Unit D2 Destin, FL	2.0	1.0	850	$1,750	$2.06	15d	1	1.09mi
710 Legion Dr Unit D2 Destin, FL	2.0	1.0	850	$1,800	$2.12	45d	1	1.09mi
197 Durango Rd Destin, FL	2.0	1.0	852	$2,700	$3.17	22d	1	1.12mi
150 Bent Arrow Dr Destin, FL	3.0	2.5	1440	$2,250	$1.56	45d	1	1.19mi
485 Gulf Shore Dr #101 Destin, FL	1.0	1.0	700	$2,500	$3.57	45d	1	1.22mi
734 Legion Dr #70 Destin, FL	2.0	2.0	1180	$2,099	$1.78	45d	1	1.24mi
150 Bent Arrow Dr #36 Destin, FL	3.0	2.5	1452	$2,100	$1.45	15d	1	1.27mi
150 Bent Arrow Dr #36 Destin, FL	3.0	2.5	1452	$2,100	$1.45	22d	1	1.27mi
132 Bayou Dr Destin, FL	2.0	1.5	1161	$2,200	$1.89	45d	1	1.40mi
47 Pine Ridge Trce Destin, FL	3.0	2.0	1188	$2,900	$2.44	15d	1	1.45mi
37 Log Pl Destin, FL	2.0	1.5	1261	$1,750	$1.39	22d	1	1.46mi
22 Moreno Point Rd #12 Destin, FL	3.0	2.5	1236	$3,295	$2.67	45d	1	1.46mi
22 Moreno Point Rd Unit 1285898P Destin, FL	2.0	2.5	1065	$3,068	$2.88	15d	1	1.46mi
2004-2098 Palm St Destin, FL	1.0–3.0	1.0–2.0	1061	$2,504	$2.36	15d	22	1.49mi

Listing history 36 events

1. 2026-06-21
   days on market $429,900 Active 291 DOM
2. 2026-06-18
   days on market $429,900 Active 288 DOM
3. 2026-06-17
   days on market $429,900 Active 287 DOM
4. 2026-06-16
   days on market $429,900 Active 286 DOM
5. 2026-06-15
   days on market $429,900 Active 285 DOM
6. 2026-06-14
   days on market $429,900 Active 283 DOM
7. 2026-06-13
   days on market $429,900 Active 282 DOM
8. 2026-06-10
   days on market $429,900 Active 280 DOM
9. 2026-06-09
   days on market $429,900 Active 279 DOM
10. 2026-06-08
    days on market $429,900 Active 278 DOM
11. 2026-06-07
    days on market $429,900 Active 277 DOM
12. 2026-06-05
    days on market $429,900 Active 274 DOM
13. 2026-06-02
    days on market $429,900 Active 272 DOM
14. 2026-06-01
    days on market $429,900 Active 271 DOM
15. 2026-05-31
    days on market $429,900 Active 270 DOM
16. 2026-05-30
    days on market $429,900 Active 269 DOM
17. 2026-04-28
    price $429,900 1363-char remark

    Show marketing remark (1363 chars)

    Seller offering credit toward buyer's closing costs or interest rate buy-down with acceptable offer or seller financing option with minimum 5% down. Located in the heart of Destin's harbor area, the property offers convenient access to beaches, restaurants, HarborWalk Village, marinas, dining, shopping, and recreational parks including Clement Taylor Park and Captain Leonard Destin Park. Joe's Bayou boat ramp is also nearby, providing quick access to Crab Island and the Gulf of America. With strong demand for Destin Florida real estate and limited inventory in this price range, this renovated home stands out as a competitively positioned option for buyers seeking value, location, and renovation quality in a coastal lifestyle setting. Whether you are searching for Destin homes for sale, investment property in Destin Florida, or a move-in ready coastal home near the beach. This property delivers flexibility and opportunity in one of the Emerald Coast's most established waterfront communities. Schedule your private showing today and explore the potential of this Destin harbor district home. in ready coastal home near the beach. This property delivers flexibility and opportunity in one of the Emerald Coast's most established waterfront communities. Schedule your private showing today and explore the potential of this Destin harbor district home.

18. 2026-02-06
    price $434,900 1363-char remark

    Show marketing remark (1363 chars)

    Seller offering credit toward buyer's closing costs or interest rate buy-down with acceptable offer or seller financing option with minimum 5% down. Located in the heart of Destin's harbor area, the property offers convenient access to beaches, restaurants, HarborWalk Village, marinas, dining, shopping, and recreational parks including Clement Taylor Park and Captain Leonard Destin Park. Joe's Bayou boat ramp is also nearby, providing quick access to Crab Island and the Gulf of America. With strong demand for Destin Florida real estate and limited inventory in this price range, this renovated home stands out as a competitively positioned option for buyers seeking value, location, and renovation quality in a coastal lifestyle setting. Whether you are searching for Destin homes for sale, investment property in Destin Florida, or a move-in ready coastal home near the beach. This property delivers flexibility and opportunity in one of the Emerald Coast's most established waterfront communities. Schedule your private showing today and explore the potential of this Destin harbor district home. in ready coastal home near the beach. This property delivers flexibility and opportunity in one of the Emerald Coast's most established waterfront communities. Schedule your private showing today and explore the potential of this Destin harbor district home.

19. 2025-12-01
    price $449,000 1363-char remark

    Show marketing remark (1363 chars)

    Seller offering credit toward buyer's closing costs or interest rate buy-down with acceptable offer or seller financing option with minimum 5% down. Located in the heart of Destin's harbor area, the property offers convenient access to beaches, restaurants, HarborWalk Village, marinas, dining, shopping, and recreational parks including Clement Taylor Park and Captain Leonard Destin Park. Joe's Bayou boat ramp is also nearby, providing quick access to Crab Island and the Gulf of America. With strong demand for Destin Florida real estate and limited inventory in this price range, this renovated home stands out as a competitively positioned option for buyers seeking value, location, and renovation quality in a coastal lifestyle setting. Whether you are searching for Destin homes for sale, investment property in Destin Florida, or a move-in ready coastal home near the beach. This property delivers flexibility and opportunity in one of the Emerald Coast's most established waterfront communities. Schedule your private showing today and explore the potential of this Destin harbor district home. in ready coastal home near the beach. This property delivers flexibility and opportunity in one of the Emerald Coast's most established waterfront communities. Schedule your private showing today and explore the potential of this Destin harbor district home.

20. 2025-09-27
    price $469,000 1363-char remark

    Show marketing remark (1363 chars)

    Seller offering credit toward buyer's closing costs or interest rate buy-down with acceptable offer or seller financing option with minimum 5% down. Located in the heart of Destin's harbor area, the property offers convenient access to beaches, restaurants, HarborWalk Village, marinas, dining, shopping, and recreational parks including Clement Taylor Park and Captain Leonard Destin Park. Joe's Bayou boat ramp is also nearby, providing quick access to Crab Island and the Gulf of America. With strong demand for Destin Florida real estate and limited inventory in this price range, this renovated home stands out as a competitively positioned option for buyers seeking value, location, and renovation quality in a coastal lifestyle setting. Whether you are searching for Destin homes for sale, investment property in Destin Florida, or a move-in ready coastal home near the beach. This property delivers flexibility and opportunity in one of the Emerald Coast's most established waterfront communities. Schedule your private showing today and explore the potential of this Destin harbor district home. in ready coastal home near the beach. This property delivers flexibility and opportunity in one of the Emerald Coast's most established waterfront communities. Schedule your private showing today and explore the potential of this Destin harbor district home.

21. 2025-09-02
    listed $499,000 Active 1363-char remark

    Show marketing remark (1363 chars)

    Seller offering credit toward buyer's closing costs or interest rate buy-down with acceptable offer or seller financing option with minimum 5% down. Located in the heart of Destin's harbor area, the property offers convenient access to beaches, restaurants, HarborWalk Village, marinas, dining, shopping, and recreational parks including Clement Taylor Park and Captain Leonard Destin Park. Joe's Bayou boat ramp is also nearby, providing quick access to Crab Island and the Gulf of America. With strong demand for Destin Florida real estate and limited inventory in this price range, this renovated home stands out as a competitively positioned option for buyers seeking value, location, and renovation quality in a coastal lifestyle setting. Whether you are searching for Destin homes for sale, investment property in Destin Florida, or a move-in ready coastal home near the beach. This property delivers flexibility and opportunity in one of the Emerald Coast's most established waterfront communities. Schedule your private showing today and explore the potential of this Destin harbor district home. in ready coastal home near the beach. This property delivers flexibility and opportunity in one of the Emerald Coast's most established waterfront communities. Schedule your private showing today and explore the potential of this Destin harbor district home.

22. 2024-10-14
    soldstatus $300,000 Sold 2689-char remark

    Show marketing remark (2689 chars)

    Calling All Investors! Motivated Seller - Serene Retreat in Destin Discover this investor's dream, a 4-bedroom, 2-bathroom, 2,105 sqft home, nestled in the heart of Destin's most scenic and sought-after locations. Surrounded by mature live oak trees and lush greenery, this tranquil property offers the feeling of a private nature sanctuary while being by the crystal-clear waters of Choctawhatchee Bay. Upgraded kitchen with new appliances and immediate rental income with a tenant in place until April 2025. Updated photos are coming soon. With some repairs and upgrades, this property has the potential to sell for $450,000-$500,000. This opportunity won't last—explore its potential today! More... Property Highlights: 4 Bedrooms / 2 Bathrooms 2,105 sqft of living space Solid cinderblock construction, sturdy for weathering storms Kitchen upgraded with new appliances Quiet, peaceful lot surrounded by natural beauty Motivated seller pricing below market value Location & Attractions: Enjoy a peaceful retreat tucked away among beautiful live oak trees and lush vines, giving the property a sense of serenity. Across the street, the picturesque Choctawhatchee Bay awaits, perfect for leisurely walks by the water. A short distance away are some of Destin's most famous attractions, including: McGuire's Irish Pub - A favorite for its delicious pub fare and unique decor Destin Harborwalk - Offering an array of restaurants and family activities AJ's and Dewey Destin's - Both celebrated for live music and fresh seafood For beach lovers, the Gulf of Mexico's famous shores with crystal-clear waters are just a quick drive away. Launch your kayak or boat from the nearby park, and explore Crab Island, where dolphins and sea turtles are often spotted in the shallow, emerald waters. Investment Opportunity: This area of Destin has earned its reputation as a top vacation destination, renowned for its stunning beaches with emerald green, clear waters and soft white sand. Property values continue to rise, driven by the area's appeal and strong rental market. With an existing tenant until April 30, 2025, this property is already generating rental income, making it a perfect long-term investment. Outdoor Activities nearby include Dolphin watching, Snorkeling, scuba diving, swimming, Boating, waterskiing, kayaking, Parasailing and windsurfing, Biking, hiking, and beach volleyball. With repairs and upgrades, this home could sell for $450,000-$500,000. The seller is motivated, offering you an incredible investment opportunity in one of the most desirable areas of the Emerald Coast. Schedule a showing today to discover the potential of this beautiful property!

23. 2024-09-30
    status Pending 2689-char remark

    Show marketing remark (2689 chars)

    Calling All Investors! Motivated Seller - Serene Retreat in Destin Discover this investor's dream, a 4-bedroom, 2-bathroom, 2,105 sqft home, nestled in the heart of Destin's most scenic and sought-after locations. Surrounded by mature live oak trees and lush greenery, this tranquil property offers the feeling of a private nature sanctuary while being by the crystal-clear waters of Choctawhatchee Bay. Upgraded kitchen with new appliances and immediate rental income with a tenant in place until April 2025. Updated photos are coming soon. With some repairs and upgrades, this property has the potential to sell for $450,000-$500,000. This opportunity won't last—explore its potential today! More... Property Highlights: 4 Bedrooms / 2 Bathrooms 2,105 sqft of living space Solid cinderblock construction, sturdy for weathering storms Kitchen upgraded with new appliances Quiet, peaceful lot surrounded by natural beauty Motivated seller pricing below market value Location & Attractions: Enjoy a peaceful retreat tucked away among beautiful live oak trees and lush vines, giving the property a sense of serenity. Across the street, the picturesque Choctawhatchee Bay awaits, perfect for leisurely walks by the water. A short distance away are some of Destin's most famous attractions, including: McGuire's Irish Pub - A favorite for its delicious pub fare and unique decor Destin Harborwalk - Offering an array of restaurants and family activities AJ's and Dewey Destin's - Both celebrated for live music and fresh seafood For beach lovers, the Gulf of Mexico's famous shores with crystal-clear waters are just a quick drive away. Launch your kayak or boat from the nearby park, and explore Crab Island, where dolphins and sea turtles are often spotted in the shallow, emerald waters. Investment Opportunity: This area of Destin has earned its reputation as a top vacation destination, renowned for its stunning beaches with emerald green, clear waters and soft white sand. Property values continue to rise, driven by the area's appeal and strong rental market. With an existing tenant until April 30, 2025, this property is already generating rental income, making it a perfect long-term investment. Outdoor Activities nearby include Dolphin watching, Snorkeling, scuba diving, swimming, Boating, waterskiing, kayaking, Parasailing and windsurfing, Biking, hiking, and beach volleyball. With repairs and upgrades, this home could sell for $450,000-$500,000. The seller is motivated, offering you an incredible investment opportunity in one of the most desirable areas of the Emerald Coast. Schedule a showing today to discover the potential of this beautiful property!

24. 2024-09-28
    price $349,900 2689-char remark

    Show marketing remark (2689 chars)

    Calling All Investors! Motivated Seller - Serene Retreat in Destin Discover this investor's dream, a 4-bedroom, 2-bathroom, 2,105 sqft home, nestled in the heart of Destin's most scenic and sought-after locations. Surrounded by mature live oak trees and lush greenery, this tranquil property offers the feeling of a private nature sanctuary while being by the crystal-clear waters of Choctawhatchee Bay. Upgraded kitchen with new appliances and immediate rental income with a tenant in place until April 2025. Updated photos are coming soon. With some repairs and upgrades, this property has the potential to sell for $450,000-$500,000. This opportunity won't last—explore its potential today! More... Property Highlights: 4 Bedrooms / 2 Bathrooms 2,105 sqft of living space Solid cinderblock construction, sturdy for weathering storms Kitchen upgraded with new appliances Quiet, peaceful lot surrounded by natural beauty Motivated seller pricing below market value Location & Attractions: Enjoy a peaceful retreat tucked away among beautiful live oak trees and lush vines, giving the property a sense of serenity. Across the street, the picturesque Choctawhatchee Bay awaits, perfect for leisurely walks by the water. A short distance away are some of Destin's most famous attractions, including: McGuire's Irish Pub - A favorite for its delicious pub fare and unique decor Destin Harborwalk - Offering an array of restaurants and family activities AJ's and Dewey Destin's - Both celebrated for live music and fresh seafood For beach lovers, the Gulf of Mexico's famous shores with crystal-clear waters are just a quick drive away. Launch your kayak or boat from the nearby park, and explore Crab Island, where dolphins and sea turtles are often spotted in the shallow, emerald waters. Investment Opportunity: This area of Destin has earned its reputation as a top vacation destination, renowned for its stunning beaches with emerald green, clear waters and soft white sand. Property values continue to rise, driven by the area's appeal and strong rental market. With an existing tenant until April 30, 2025, this property is already generating rental income, making it a perfect long-term investment. Outdoor Activities nearby include Dolphin watching, Snorkeling, scuba diving, swimming, Boating, waterskiing, kayaking, Parasailing and windsurfing, Biking, hiking, and beach volleyball. With repairs and upgrades, this home could sell for $450,000-$500,000. The seller is motivated, offering you an incredible investment opportunity in one of the most desirable areas of the Emerald Coast. Schedule a showing today to discover the potential of this beautiful property!

25. 2024-09-19
    listed $364,900 Active 2689-char remark

    Show marketing remark (2689 chars)

    Calling All Investors! Motivated Seller - Serene Retreat in Destin Discover this investor's dream, a 4-bedroom, 2-bathroom, 2,105 sqft home, nestled in the heart of Destin's most scenic and sought-after locations. Surrounded by mature live oak trees and lush greenery, this tranquil property offers the feeling of a private nature sanctuary while being by the crystal-clear waters of Choctawhatchee Bay. Upgraded kitchen with new appliances and immediate rental income with a tenant in place until April 2025. Updated photos are coming soon. With some repairs and upgrades, this property has the potential to sell for $450,000-$500,000. This opportunity won't last—explore its potential today! More... Property Highlights: 4 Bedrooms / 2 Bathrooms 2,105 sqft of living space Solid cinderblock construction, sturdy for weathering storms Kitchen upgraded with new appliances Quiet, peaceful lot surrounded by natural beauty Motivated seller pricing below market value Location & Attractions: Enjoy a peaceful retreat tucked away among beautiful live oak trees and lush vines, giving the property a sense of serenity. Across the street, the picturesque Choctawhatchee Bay awaits, perfect for leisurely walks by the water. A short distance away are some of Destin's most famous attractions, including: McGuire's Irish Pub - A favorite for its delicious pub fare and unique decor Destin Harborwalk - Offering an array of restaurants and family activities AJ's and Dewey Destin's - Both celebrated for live music and fresh seafood For beach lovers, the Gulf of Mexico's famous shores with crystal-clear waters are just a quick drive away. Launch your kayak or boat from the nearby park, and explore Crab Island, where dolphins and sea turtles are often spotted in the shallow, emerald waters. Investment Opportunity: This area of Destin has earned its reputation as a top vacation destination, renowned for its stunning beaches with emerald green, clear waters and soft white sand. Property values continue to rise, driven by the area's appeal and strong rental market. With an existing tenant until April 30, 2025, this property is already generating rental income, making it a perfect long-term investment. Outdoor Activities nearby include Dolphin watching, Snorkeling, scuba diving, swimming, Boating, waterskiing, kayaking, Parasailing and windsurfing, Biking, hiking, and beach volleyball. With repairs and upgrades, this home could sell for $450,000-$500,000. The seller is motivated, offering you an incredible investment opportunity in one of the most desirable areas of the Emerald Coast. Schedule a showing today to discover the potential of this beautiful property!

26. 2012-02-27
    soldstatus $65,000
27. 2012-02-27
    soldstatus $65,000
28. 2007-12-18
    listed $65,000
29. 2002-10-30
    soldstatus $120,000
30. 2002-10-30
    soldstatus $120,000
31. 2002-10-03
    listed $119,900
32. 2002-10-03
    listed $119,900
33. 1999-07-23
    listed $99,900
34. 1995-04-25
    soldstatus $57,000
35. 1995-04-25
    soldstatus $75,000
36. 1988-08-01
    soldstatus $57,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 45% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥103°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,292
• − Mortgage interest: −$24,081
• − Property taxes: −$6,448
• − Insurance: −$2,150
• − Repairs & maintenance: −$2,103
• − Management: −$2,103
• − Depreciation: −$12,506
• Taxable loss: −$23,100
• Est. tax savings @ 24.0%: +$5,544
• After-tax cash flow: $-9,336/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Okaloosa
• NCES district ID: 1201380
• Math proficiency: 60% ▼ -12.00%
• Reading proficiency: 60% ▼ -4.00%
• Median HH income: $55,601
• Composite: 51.62/100
• National rank: #1705
• State rank: #12 of 73 in FL

Livability — Destin

• Score: 79/100
• State rank: #158
• US rank: #2247

Category grades

Amenities F Commute F Cost of living D- Crime A+ Employment A+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Destin, FL
• County: Okaloosa County · 194,352 people
• City population: 18,855
• Metro: Crestview-Fort Walton Beach-Destin, FL
• Population (ZIP): 18,855
• Household income: $95,124
• Rent vs Own: 31.6% rent · 68.4% own
• Severe rent burden: 554.0

Population outlook (Okaloosa County) Hauer SSP2

• Today (2025): 235,133 people
• By 2030: 253,483 · +7.8%
• By 2040: 289,537 · +23.1%
• By 2050: 322,954 · +37.3%
• By 2075: 399,624 · +70.0%
• By 2100: 425,311 · +80.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Two or more races 10% Hispanic / Latino 7% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 14% · Canada
• Languages at home: 83% English-only · Spanish 7% Other Indo-European 6% Russian/Polish/Slavic 2%

Political lean MEDSL · Okaloosa

• 2024 margin: Solid R (+42.4) · D 28.2% · R 70.7% · Other 1.1%
• 2008→2024 swing: +2.5pp toward D · 2008: -44.9pp · 2024: -42.4pp
• All cycles: 2024: R+42.4 2020: R+39.1 2016: R+47.8 2012: R+49.4 2008: R+44.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -147.89%
• Current HPI: 252.6715
• Rent YoY: ▲ 3.68%
• Metro: Crestview-Fort Walton Beach-Destin, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+654.2% since first listed

20 events — show timeline

• 2026-04-28 Price Changed $429,900 ECAR
• 2026-02-06 Price Changed $434,900 ECAR
• 2025-12-01 Price Changed $449,000 ECAR
• 2025-09-27 Price Changed $469,000 ECAR
• 2025-09-02 Listed $499,000 ECAR
• 2024-10-14 Sold (MLS) $300,000 ECAR
• 2024-09-30 Pending — ECAR
• 2024-09-28 Price Changed $349,900 ECAR
• 2024-09-19 Listed $364,900 ECAR
• 2012-02-27 Sold (MLS) $65,000 NAMLS
• 2012-02-27 Sold (MLS) $65,000 ECAR
• 2007-12-18 Listed $65,000 NAMLS
• 2002-10-30 Sold (MLS) $120,000 ECAR
• 2002-10-30 Sold (MLS) $120,000 NAMLS
• 2002-10-03 Listed $119,900 ECAR
• 2002-10-03 Listed $119,900 NAMLS
• 1999-07-23 Listed $99,900 ECAR
• 1995-04-25 Sold (Public Records) $75,000 Public Records
• 1995-04-25 Sold (Public Records) $57,000 Public Records
• 1988-08-01 Sold (Public Records) $57,000 Public Records

Property tax history

+0.6%/yr

Latest (2025): $404 · +2.7% YoY. Source: county tax records.