$1,800,000
Destin, FL 32541
MLS# 990398
Status: Sold
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Property Description
Owning six units at Beach Lofts in Destin gives investors a rare chance to secure immediate cash flow in one of the most consistent rental markets along the Emerald Coast. Four of the six units are already leased at an average of $2,900 per month, which means income starts on day one with clear potential for rent growth as demand continues to rise. Buyers also have the flexibility to purchase fewer units if desired, with six being the maximum available in this bulk offering. Each townhome offers approximately 1,758 square feet of thoughtful design beginning with an open main level where a spacious family room flows to the covered patio through double doors.
Details
Documents
Contract Info
GCCMLS Number: 43905167
Listing Board: Emerald Coast
List Date: 2025-11-26
List Price: $2,500,000
Location, Tax and Legal
Unit #: 2,3,4,7,8,9
Sub Area: 1403 - Destin Northwest
Property Name: Beach Lofts
Legal Description: BEACH LOFTS LOT 11, 10, 9, 6, 5, 4
General Property Info
Listed on GCCMLS: Yes
CAM: 975
CAM Per: Quarter
Listing Info, Tax & Legal
As Is: No
Remarks & Misc
Remarks: Owning six units at Beach Lofts in Destin gives investors a rare chance to secure immediate cash flow in one of the most consistent rental markets along the Emerald Coast. Four of the six units are already leased at an average of $2,900 per month, which means income starts on day one with clear potential for rent growth as demand continues to rise. Buyers also have the flexibility to purchase fewer units if desired, with six being the maximum available in this bulk offering. Each townhome offers approximately 1,758 square feet of thoughtful design beginning with an open main level where a spacious family room flows to the covered patio through double doors.
Class
Multi-Family: 1
Construction Status
Existing: 1
Multi-Family
Year Built: 2023
# of Units: 6
Price P/Unit: 416667
Net Operating Income: 124425
Cap Rate: 4.98
None
Current Price: $1,800,000
Status Change Info
Status: Sold
Under Contract Date: 2025-12-07
Sold Date: 2025-12-22
Sold Price: $1,800,000
Location Tax and Legal
Area: 14 - Destin
Street #: 100
Street Name: Beach
Street Suffix: Drive
State: FL
Zip Code: 32541
County: Okaloosa
Parcel ID: 00-2S-22-7007-0000-0040
Property Features
Class: Multi-Family
Construction Status: Existing
Supplements
The kitchen brings plenty of appeal with white cabinetry, stainless steel appliances, and a large island with seating. A half bath completes the main level. Upstairs, all three bedrooms are well appointed including a large primary suite with a window seat, walk-in closet, and private ensuite with double vanity, tile shower, and water closet. The secondary bedrooms share a hall bath with a double vanity and shower/tub combo, and both bedrooms open directly onto an upstairs covered patio overlooking the pool a feature renters love.
Location is another standout. Beach Lofts sits close to Destin Commons, HarborWalk Village, and the emerald waters Destin is known for. Transportation is effortless with quick access to Highway 98 providing seamless connectivity to nearby communities and major conveniences. With an HOA of $975 dollars per quarter and average insurance of $2,200 dollars per unit, operating costs remain attractive while the long term upside stays solid. This is a clean, well positioned multi unit opportunity built for steady returns and future appreciation.
Legal Description Listing Office: Compass
Last Updated: December - 23 - 2025
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.
