Residential Income Property with
For Sale
$755,000
4521 Golf Villa Court, Destin, FL 32541
Residential, Destin, FL
Property Size2,106 SF
Lot Size0.14 Acres
Price / SF$358.50
Days on Market47
Property Features for 4521 Golf Villa Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Resid Multi-Family
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Den, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Dining Room, Bedroom 2
Parking
4
Parking features
Guest
Window features
Window Treatments
Patio and Porch features
Deck, Patio
Interior features
Breakfast Bar, Ceiling Crwn Molding, Ceiling Tray/Cofferd, Guest Quarters, Lighting Recessed, Newly Painted, Pantry, Washer/Dryer Hookup, Woodwork Painted
Exterior features
Pool - Gunite Concrt, Separate Living Area, Sprinkler System
Appliances
Auto Garage Door Opn, Dishwasher, Disposal, Microwave, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Water Heater - Elect
Subdivision
REGATTA BAY PATIO HOMES
Lot features
Covenants, Cul-De-Sac, Curb & Gutter, Easements, Restrictions, Sidewalk
Elementary school
Destin
Middle school
Destin
High school
Destin
Directions
From U.S. Highway 98 in Destin enter Regatta Bay Golf Resort. Go through security gate and continue straight to the first stop sign. Turn right on Commodore Point. Take the first right onto Golf Villa Court. This special property is the first townhouse on the left.
Standard status
Active
APN
00-2S-22-2091-0000-0010
Size
2,106 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GOLF VILLAS @ REGATTA BAY LOT 1
Tax Annual Amount
6104
HOA Fee
$1,777 Quarterly
Legal Description
GOLF VILLAS @ REGATTA BAY LOT 1
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Amenities
pool
courtyard
laundry room
Building Details
Year built
2000
Floors in Building
1
Flooring type
Tile
Building materials
Frame, Stucco
Architectural style
Other
Listing Agency:
TruChoice Realty
(850) 974-8687
Listed By:
Linda B Bryan · License #3161915
(850) 420-1151
Added: Jul 29
Changed: Sep 12
Last Checked: Sep 13 at 4:06AM
MLS# 1008779
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.
Investment Insights
Based on property information with market context.
This 2,106-square-foot residential income property in Destin offers a courtyard-centered layout with a gunite concrete pool and a detached casita. The casita includes a bedroom, full bath, and kitchenette, while the main residence features an open living and dining arrangement, 10-foot ceilings, an updated kitchen with granite countertops, extensive cabinetry, oversized storage, and a pantry. A split-bedroom plan, separate laundry room with utility sink, tile flooring, central heating and cooling, and sliding glass doors add practical functionality. The primary suite and guest bedroom each connect directly to the courtyard, and the guest room includes custom built-in cabinetry.
The property occupies a 0.14-acre lot at 4521 Golf Villa Court in Destin, Florida. It is zoned Resid Multi-Family and was built in 2000. Additional features include a deck, patio, sprinkler system, guest parking, public sewer, an attached garage door opener, and central air conditioning.
The property occupies a 0.14-acre lot at 4521 Golf Villa Court in Destin, Florida. It is zoned Resid Multi-Family and was built in 2000. Additional features include a deck, patio, sprinkler system, guest parking, public sewer, an attached garage door opener, and central air conditioning.
Key Highlights
- 2,106 square feet on a 0.14‑acre lot
- Courtyard‑centered layout with gunite concrete pool
- Detached casita with bedroom, full bath, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,324
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$466,480
$466.5K
Cap Rate 7%
$333,200
$333.2K
Cap Rate 9%
$259,156
$259.2K
Market Conditions
NOI Build-Up for 2,106 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.5K $24.00/SF
− Vacancy
−$8.1K −$3.86/SF
EGI
$42.4K $20.14/SF
− OpEx
−$19.1K −$9.06/SF
NOI
$23.3K $11.07/SF
Area
Walton County, FL
Vacancy
16.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$466,480
Cap Rate 7%
$333,200
Cap Rate 9%
$259,156
Alternative Uses
Best Use
Apartment 5plus
$333.2K
$291.6K – $388.7K
NOI $23,324 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$529.6K
$463.4K – $617.9K
NOI $37,074 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 32541, FL
18,419
Population
16,390
Households
1.1
Avg Household Size
45
Median Age
48%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
1,462
Density / Sq Mi
$93,004
Median Household Income
$47,991
Median Earnings
$1,976
Median Rent
$498,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Detached casita provides a bedroom, full bath, and kitchenette for flexible separate living space.
Where is this residential income property located?
The property is located at 4521 Golf Villa Court Destin, FL.
What is the asking price?
The asking price for this property is $755,000.
What are key features of this property?
This property features: 2,106 square feet on a 0.14‑acre lot; Courtyard‑centered layout with gunite concrete pool; Detached casita with bedroom, full bath, and kitchenette
