75 Pompano Street, Destin, FL 32541

$1,310,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 11,326 Status: Sold
Current Price: $1,375,000 List Date: 12/02/2021 Last Modified: 10/13/2024

Description

This exquisite triplex in the highly desirable Crystal Beach neighborhood of Destin has good rental history. The potential is more than double the recent history due to significant owner use over the past few years. The two 1 bed/1bath units are on a vacation rental program. The larger, 2bed/1.5 bath unit is currently for owner use. Nothing was overlooked in the remodeling of this solidly built concrete block home. Metal roof, upgraded electrical, plumbing, windows, and insulation give this triplex the perfect combination of storm safety and energy efficiency. High and dry, this property rests in Flood Zone X. This upscale rental, one block off of Scenic Hwy 98, will provide steady cash flow in its current condition and a future opportunity for a large single family residence.

More Information MLS# 886719

Contract Info

GCCMLS Number: 30776682 Listing Board: Emerald Coast List Date: 2021-12-02 List Price: $1,375,000

Location, Tax and Legal

Sub Area: 1404 - Destin Beach East Legal Description: LOT 14 AND THE NORTH 1/2 OF LOT 15, BLOCK 4, ACCORDING TO THE PLAT 0F THE S/D KNOWN AS CRYSTAL BEACH, A S/D OF A PORTION OF TOWNSHIP 2 SOUTH, RANGE 22 WEST, ACCORDING TO THE PLAT HEREOF BY C. H. OVERMAN, C.E., FILED FOR RECORD IN THE OFFICE OF THE CLERK OF COURT OF OKALOOSA COUNTY, FLORIDA, TOGETHER WITH AN EASEMENT FOR INGRESS AND EGRESS TO THE GULF OF MEXICO IN OFFICIAL RECORDS BK 816 PG 454

General Property Info

Listed on GCCMLS: Yes Property Information: Multi Family vacation rental Vacant: No Lot SqFt: 11250 Immediate Occupancy: No Lot Depth: 150 Lot Frontage: 75 Future Land Use: Single Family Residential Acreage: 0.26

Listing Info, Tax & Legal

As Is: No

Remarks & Misc

Remarks: This exquisite triplex in the highly desirable Crystal Beach neighborhood of Destin has good rental history. The potential is more than double the recent history due to significant owner use over the past few years. The two 1 bed/1bath units are on a vacation rental program. The larger, 2bed/1.5 bath unit is currently for owner use. Nothing was overlooked in the remodeling of this solidly built concrete block home. Metal roof, upgraded electrical, plumbing, windows, and insulation give this triplex the perfect combination of storm safety and energy efficiency. High and dry, this property rests in Flood Zone X. This upscale rental, one block off of Scenic Hwy 98, will provide steady cash flow in its current condition and a future opportunity for a large single family residence.

Class

Income Producing: 1 Multi-Family: 1

Construction Status

Existing: 1

Income Producing

Property Type: Multi-Family

Multi-Family

# of Units: 3

None

Current Price: $1,310,000

Status Change Info

Status: Sold Under Contract Date: 2021-12-17 Sold Date: 2022-01-31 Sold Price: $1,310,000

Location Tax and Legal

Area: 14 - Destin Street #: 75 Street Name: Pompano Street Suffix: Street State: FL Zip Code: 32541 County: Okaloosa Parcel ID: 00-2S-22-0580-0004-0140

Property Features

Class: Income Producing; Multi-Family Construction Status: Existing
Listing Office: NextHome Cornerstone Realty
Last Updated: October - 13 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.