Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3695 Scenic Highway 98 Destin, FL 32541

    View on Map
    Claim this Listing
    For Sale
    $515,000

    MULTI_FAMILY - Other - Destin, FL

    Property size:
    1,536 SF
    Price / SF:
    $335/SF
    Added:
    Apr 1, 2026
    Days on Market:
    32
    Last Refresh:
    May 2 at 8:06 pm

    Property Features for 3695 Scenic Highway 98

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Resid Multi-Family
    Bedrooms
    2
    Bathrooms
    3
    Rooms
    Den, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3
    Window features
    Window Treatments
    Patio and Porch features
    Porch, Deck, Patio
    Interior features
    Breakfast Bar, Ceiling Crwn Molding, Pantry, Washer/Dryer Hookup, Woodwork Painted
    Exterior features
    Rain Gutter, Balcony, Shower
    Fencing
    Privacy
    Appliances
    Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer, Water Heater - Elect
    Standard status
    Active
    APN
    00-2S-22-3737-0010-0010
    Size
    1,536 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Beach Pointe T/H Lot 1 Blk 10
    Tax Annual Amount
    4824

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air

    Building Details

    Year built
    2004
    Floors in Building
    2
    Flooring type
    Tile, Vinyl
    Building materials
    Siding CmntFbrHrdBrd, Stucco
    Architectural style
    Other

    We can help!

    Listing Contact
    Michele A Warneke
    Michele A Warneke

    Listing agent Michele A Warneke License #3484020

    Listing office Keller Williams Realty Destin 36008 Emerald Coast Pkwy #201, Destin, FL

    Listing date Apr 1, 2026

    MLS# 999422 Listing URL

    Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Coastal Gem Near Beach Access

    This low-maintenance coastal property is located directly across the street from the community's deeded beach access. The property features two master suites, each with a private ensuite bathroom, located on the second floor. The first floor offers a spacious layout with tiled flooring and a white kitchen equipped with stainless steel appliances. An outdoor shower is available for rinsing off after beach visits. Residents can also enjoy access to a community pool. The property includes a private fenced courtyard with a BBQ grill and a large closet for storing beach gear. The property is move-in ready, with all furnishings included in the sale, and has recently been added to a short-term rental program.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sugar Beach Weddings ... Wedding Service Ultimate Beach Weddings Wedding Service Beach Pointe 903 Vacation Rental Beach Pointe 301 ... Hotel & Motel

    Suggested Use

    Law Firm Restaurant Dental Office Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Destin
    County
    Walton
    State
    Florida
    Longitude
    -86.398739
    Latitude
    30.382187

    Nearby Similar for Sale

    • $199,000

      Dry Storage Boat Slip in Destin

      Bottom level dry storage boat slip in Legendary Yacht Club.
      4601 Legendary Marina Drive, Destin, FL 32541
      View Details
    • $200,000

      Destin, FL Boat Slip

      36 x 16 ft wet slip with 24-thousand pound lift.
      770 Harbor Boulevard, Destin, FL 32541
      View Details
    • $3,500,900
      15,000 SF

      Destin Class A Office Building

      Fully leased Class A office building in Destin, Florida.
      4635 Gulfstarr Drive, Destin, FL 32541
      View Details
    • $669,000
      1,425 SF

      Destin Duplex on Large Lot

      Duplex in Destin, Florida with long-term tenants.
      619 Mimosa Avenue, Destin, FL 32541
      View Details
    • $439,500
      1,825 SF

      Spacious Single-Level Home in Destin

      Centrally located three-bedroom home with modern upgrades and investment potential.
      4218 Jade Loop, Destin, FL 32541
      View Details
    • $30
      3,380 SF

      Emerald Coast Office/Retail Space

      1,086 SF office/retail space near Destin's attractions and beaches.
      36164 Emerald Coast Pkwy, Destin, FL 32541
      View Details
    • $500,000
      1,400 SF

      Renovated Retail/Office Space in Destin

      Fully renovated commercial space in a high-traffic Destin location.
      4507 Furling Lane, Destin, FL 32541
      View Details
    • $1,100,000
      5,258 SF

      Harbor Blvd Commercial Office Buildings

      Two office buildings on 0.46 acres with parking.
      725 Harbor Blvd, Destin, FL
      View Details
    • $160,000

      Destin Harbor Dock Slip

      Dock slip on Destin Harbor with water and power.
      770 Harbor Boulevard, Destin, FL 32541
      View Details
    • $817,500
      4,314 SF

      4,029 SF Professional Office Space located on the West End of Destin For Sale

      Professional office space on the West End of Destin, Florida.
      150 Azalea Dr, Destin, FL 32541
      View Details
    • $4,995,000
      22,676 SF

      Class A Office Building

      Exceptional Class A office building in Destin, Florida for sale.
      4458 Legendary Drive, Destin, FL 32541
      View Details
    • $110,000

      Legendary Marina Boat Slip in Destin

      Boat slip at Legendary Marina, 'The World's Luckiest Fishing Village'.
      4601 Legendary Marina Drive, Destin, FL 32541
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Low-maintenance Destin property with deeded beach access and community pool.
    Where is this short term rental property located?
    The property is located at 3695 Scenic Highway 98 Destin, FL.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: Deeded beach access directly across the street; Two master suites with private ensuite bathrooms; Turn‑key: all furnishings convey with sale
    (512) 203-9322
    We can help!
    Listing Contact
    Michele A Warneke
    Michele A Warneke
    Real Estate License ID: 3484020
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    3695 Scenic Highway 98, Destin, FL 32541

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!