Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    603 Mountain Dr Destin, FL 32541

    For Sale
    $836,500

    High-yield Destin duplex, 6 beds/6 baths, $4800/month income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This Destin, Florida, income-producing duplex presents a unique investment opportunity. The property boasts two separate units, a 4-bedroom, 4-bathroom unit and a 2-bedroom, 2-bathroom unit, currently generating a combined monthly rental income of $4,800. The larger unit, recently remodeled in 2019, features a stunning kitchen with KraftMaid soft-close cabinets, granite countertops, stainless steel appliances, a large island, and built-in double ovens. Upgrades also include waterproofing of the concrete cinder block, a new firewall between units, new insulation, drywall, framing, electrical, plumbing, an 80-gallon commercial hot water heater, and a mini-split HVAC system with six individual splits for precise temperature control in each room. Each bedroom in this unit has its own ensuite bathroom, with one additional bathroom featuring a tub/shower combo. A Murphy bed in one of the larger bedrooms adds versatility. An oversized laundry room provides ample storage.

    Property Features for 603 Mountain Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,454 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Destin
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.49453
    Latitude
    30.39384

    Nearby Similar for Sale

    • $449,500
      1,825 SF

      Spacious Home in Diamond Lakes

      Single-level home with modern amenities, convenient location, and investment potential.
      4218 Jade Loop, Destin, FL 32541
      View Details
    • $300,000
      Pending

      Updated Destin Home, No HOA

      Updated 2BR/2BA Destin home near beaches, shopping, and dining.
      153 Bent Arrow Dr, Destin, FL 32541
      View Details
    • $110,000

      Destin Marina Slip for Sale

      Marina slip in Destin, the 'World's Luckiest Fishing Village'.
      4601 Legendary Marina Dr, Destin, FL 32541
      View Details
    • New
      $669,000
      1,425 SF

      Destin Duplex on Large Lot

      Duplex in Destin, Florida with long-term tenants.
      619 Mimosa Ave, Destin, FL 32541
      View Details
    • $249,000

      Destin Harbor Wet Slip

      65 ft. wet slip on Destin Harbor.
      770 Hbr Blvd Unit, Destin, FL 32541
      View Details
    • $175,000

      Marbella Yacht Club Boat Slip

      55 x 19 ft wet slip in Destin, Florida.
      770 Hbr Blvd Unit Wet, Destin, FL 32541
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-yield Destin duplex, 6 beds/6 baths, $4800/month income.
    Where is this commercial real estate located?
    The property is located at 603 Mountain Dr Destin, FL.
    What is the asking price?
    The asking price for this property is $836,500.
    (850) 654-2900
    Request Owner's contact information
    603 Mountain Dr Destin, FL 32541
    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.
    603 Mountain Dr
    Destin, FL 32541
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    603 Mountain Dr Destin, FL 32541
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.